2021-12-3 18:40 |
The Sandbox (SAND/USD), Decentraland (MANA/USD), CryptoVoxels, and Somnium Space generated almost $160 million of virtual land NFT sales last week, DappRadar reported. This amount came from more than 6,000 traders.
DappRadar wrote in a blog post:
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. However, this is only the tip of the iceberg that pushed the term Metaverse into the mainstream. Virtual worlds carry such enormous potential, and we’re just beginning to see the full array of use cases for metaverse land.
The Sandbox holds the lion’s shareThe Sandbox accounted for the majority of this transaction volume with an impressive $86.56 million. Decentraland was second with $15.53 million. CryptoVoxels and Somnium Space were third and fourth with $2.68 million and $1.1 million. All four run on the Ethereum (ETH/USD) blockchain, although projects on Solana (SOL/USD) are gathering momentum as well.
Decentraland with highest NFT land sale volumeDecentraland saw the highest NFT land sale volume over the past month, with a plot comprised of 116 parcels of land in the Fashion Street District selling for the equivalent of $2.7 million in MANA tokens just over a week ago. At the same time, The Sandbox sold a tokenized luxury yacht for the equivalent of $666,000 in ether.
Yat Siu, chairman and cofounder of Animoca Brands, Sandbox’s parent company, told CoinTelegraph in an interview:
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. While not everyone understands what digital property rights really mean, enough of them are interested in this now, and this has created more net awareness. The Sandbox has captured the narrative of a real metaverse — one where you can really own a piece of it, and this is also reflected somewhat in the token price.
The post DappRadar: 4 metaverse projects generated $106M of NFT sales last week appeared first on Invezz.
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