The platforms The Sandbox y Decentraland have attracted the highest volumes of NFT land sales. The most expensive are in excess of USD $2 million.
The real estate market an area or arena, online or offline, in which commercial dealings are conducted. is growing rapidly within the metaverse.
Demand for virtual lands in metaverse spaces has started to increase, a new study showed. recent report by DappRadar. Last week, four metaverse projects based on theBlockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. generated more than $100 million in sales of tokenized virtual land (i.e., in the form of atokens non-fungible, or NFT).
According to the report, the four leading virtual worlds: The Sandbox , Decentraland , CryptoVoxels y Somnium Space have been reporting solid sales in recent days. As such, these platforms recorded a combined trade volume how much cryptocurrency has been traded over a set period, such as the past 24 hours. of USD$ 105.8 million from more than 6,000 traders.
Without a doubt, metaverse earth is the next big thing in the NFT space. With record sales figures and NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. prices steadily rising, virtual worlds are the new hot commodity in the crypto space.
Land ofThe Sandbox yDecentraland are the most sought after
The report, which was based on sales recorded between November 22 and 28, detailed the sales volumes of each platform.The Sandbox accounted for most of the week’s volume with USD$86.56 million,Decentraland represented USD$ 15.53 million, while theCryptoVoxels ySomnium Space generated USD$ 2.68 million and USD$ 1.1 million, respectively.
The four main metaverse worlds are based on the blockchainEthereum a decentralized open-source blockchain with smart contracts functionality.althoughDappRadar ensured that the sales volume of NFT land on NFT-based platforms isSolana has also seen increases in recent weeks.
According to the report, one sign of the growing interest in NFT plots is seen in the increase in sales of the plots compared to the rest of the digital digital technologies are these electronic tools that have the ability to generate, store or even process data. collectibles market. “The big four of the metaverse a metaverse is a digital universe that contains all the aspects of the real world, such as real-time interactions and economies. It offers a unique experience to end-users. consistently outperform the big NFT projects.“, he assuredDappRadar. All together,The Sandbox is positioned as the second most popular NFT collection.
Another sign is the increase in land prices. While collections such asBored Ape Yacht Club yCryptoPunks are left behind, some NFT land is selling for several million dollars. Last week the most expensive was the Fashion Street Estate en Decentraland which changed hands for a sum of 618,000 MANA, or USD $2.42 million.
According toDappRadarattention for virtual worlds began to grow in the wake of the announcement of the Facebook rebranding to Meta; but the team believes this is just the beginning of a larger trend:
However, this is just the tip of the iceberg that pushed the term metaverse into the mainstream. Virtual worlds have enormous potential, and we are just beginning to see the full range of use cases for metaverse earth.
Metaverse euphoria isn’t just for Facebook
Metaverse lands are virtual spaces whose property is displayed in the form of NFTs, unique tokens that can represent the property of almost any online object; an image, a video, or in this case, a part of the metaverse.
Regardless of the blockchain, investors in the metaverse can buy a plot of land on which they can build things and raise their own world. They can also interact with that plot of land or world and explore it through their avatars. While in some cases these platforms relate to virtual games, it seems that many are seeing value in acquiring valuable assets, such as artwork or luxury items, within the metaverse.
For example, last week, a virtual in-game terrain Blockchain Axie Infinity sold for an incredible $2.4 million USD, the equivalent of a real-world home in Manhattan. At the same time,The Sandbox also sold an ultra-luxury megayacht tokenised for 149 ETH or more than USD$ 660,000.
The euphoria for virtual worlds has no doubt exploded following Facebook’s rebranding, a change change — a concept relevant to cryptocurrencies that use the UTXO model — is the number of coins sent back to a user after they use their unspent outputs to initiate a transaction. that is part of an effort by the company to create its own metaverse. Since then, a slew of big-name brands have begun to make inroads into the space;incluyendo Adidaswho a few days ago bought his own NFT plot atThe Sandbox and announced a partnership with the platform.
The trend has spread a price difference between asking and selling prices of the asset. to financial and banking giants, who are now anticipating that the metaverse could become a multi-billion dollar market none
- Bank of America CEO: “The metaverse is where we’re going to use cryptocurrencies as currencies.”
- Pokémon Go creator raises $300 million to build ‘real-world metaverse’
- Gemini Seeks to Raise $400 Million to Build a Metaverse Outside of Facebook
Article by Hannah Estefania Perez /DiarioBitcoin
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