• Virtual lands in the metaverse dominated NFT sales this past week

  • The past week’s NFT and meta-universe sales figures show that digital land is in high demand in an already very lucrative market.

    Data from industry metrics platform NonFungible shows that NFT sales exceeded $300 million in the past week. Almost a quarter of that total was digital lands in the sandbox metaverse.

    The top five of the top ten NFT metaverse sales in the past week were all digital lands in games.

    In the past week, Sandbox saw $70.5 million in total transactions involving 4,433 assets – making it the most cash-generating metaverse series.

    While Decentraland ranked second in total volume, the top ten most expensive meta-universe NFT sales in the past week, ranging from 225,000 MANA ($758,250) to 50,000 MANA ($220,000), were all in Ethereum-based virtual worlds. In the past week, Decentraland traded $6.6 million in volume with 399 assets.

    Meanwhile, in the past seven days, CryptoVoxels traded around $650,000 in volume across 81 assets, Somnium Space traded $492,000 across 40 assets, and SuperWorld traded $227,600 across 506 assets – all of their top deals were also for virtual land.

    Meta-Universe is an immersive Internet virtual reality experience that uses blockchain technology and non-forgeable tokens (NFTs) to pay for and own online items. For example, when you make an in-game purchase, you actually own the item and can hold, trade or sell it freely.

    According to DappRadar, $106 million worth of metaverse lands were sold to more than 6,000 traders in the week ending Dec. 2.” There’s no doubt that metaverse land is the next big thing in the NFT space, and DappRadar said in a blog post at the time, “Exporting record sales numbers and increasing NFT prices, virtual worlds are the new top commodity in the cryptocurrency space.

    In June, a virtual real estate investment firm broke Decentraland’s record for the most expensive digital lot sale ever after spending $913,000 on 259 lots.

    Sandbox and Decentraland maintained their positions on Opensea, the NFT marketplace, as the top two collections traded on the platform over the past week.

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