“Undoubtedly, Metaverse land is that the next huge hit within the NFT space. Outputting record sales numbers and perpetually increasing NFT costs, virtual worlds are the new high trade goods within the crypto space."
Four blockchain-based Metaverse comes generated more than $100 million value of virtual land NFT sales last week according to information from DappRadar.
A Nov. 30 post from the decentralized application (DApp) analytics firm rumored that between November. 22 and Nov. twenty eight activity was “booming” on The Sandbox, Decentraland, CryptoVoxels and Somnium house with a combined $105.8 million value of trading volume between them from more than 6,000 traders:
“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.”
The Sandbox represented the lion's share of volume for the week with $86.56 million, Decentraland accounted for $15.53 million, whereas CryptoVoxels and Somnium house generated $2.68 million and $1.1 million every. All four of those Metaverse comes are designed on the Ethereum blockchain, though comes on different chains like Solana are setting out to gatherpace too.
DappRader noted that “the wave of attention towards virtual worlds just like the Sandbox and Decentraland started with Facebook’s rebranding to Meta.”
“However, this is often solely the tip of the iceberg that pushed the term Metaverse into themainstream. Virtual worlds carry such huge potential, and we’re simply setting out to see the complete array of use cases for metaverse land,” the journal post scan.