$106M Worth Of Metaverse Land Sold Last Week: DappRadar
Read the full article by Brian Quarmby here
“Undoubtedly, Metaverse land is the next big hit in the NFT space. Outputting record sales numbers and constantly increasing NFT prices, virtual worlds are the new top commodity in the crypto space.”
Over $100M in metaverse sales were recorded by DappRadar, the four platforms responsible were The Sandbox, Decentraland, CryptoVoxels and Somnium Space.
The Sandbox represented the lion’s share of volume for the week with $86.56 million, Decentraland accounted for $15.53 million, while CryptoVoxels and Somnium Space generated $2.68 million and $1.1 million, respectively. All four of these metaverse projects are built on the Ethereum blockchain, although projects on other chains such as Solana are beginning to gather pace, too.
Commenting on The Sandbox’s enormous surge in NFT land sales volume, Yat Siu, chairman and co-founder of Sandbox’s parent company, Animoca Brands, told Cointelegraph:
“Facebook in their attempt to usurp the narrative of the metaverse caused a chain reaction of other companies not in Web 3.0 (such as Microsoft) to also announce their metaverse strategies and created mass interest and awareness.”
Out of the four projects listed, Decentraland has seen the biggest NFT land sale over the last 30 days, with a plot consisting of 116 parcels of land in the virtual world’s Fashion Street District selling for 618,000 MANA tokens ($2.7 million at current prices) on Nov. 23.
On the same day, The Sandbox also sold a tokenized ultra-luxury mega-yacht for 149 Ether (ETH) worth more than $666,000 at the time of writing.
