Based on NFT and metaverse sales over the past week, the demand for digital land outpaced all different items, art and collections.
Digital land is in high demand in what's already a extremely moneymaking market because the past week’s nonfungible token (NFT) and Metaverse sales figures disclosed.
Data from business metrics platform NonFungible.com indicates that there has been more than $300 million in NFT sales over the past week. Of that total, nearly a quarter has been for digital land within the Sandbox metaverse.
Over the past week, every one of the highest ten NFT metaverse sales across the highest 5 collections were for in-game digital land.
The Sandbox listed a complete volume of $70.5 million for 4,433 assets over the past week — creating it the metaverse assortment that raked within the most money.
Although Decentraland hierarchical in second place for the full volume listed, the highest ten costliest metaverse NFT sales throughout the past week, starting from 225,000 MANA ($758,250) to 50,000 MANA ($220,000), were all on the Ethereum-based virtual world. Decentraland listed $6.6 million in volume for 399 assets over the past week.
Meanwhile, over the past seven days, CryptoVoxels listed around $650,000 in volume for 81 assets; Somnium space listed $492,000 for 40 assets; and SuperWorld listed $227,600 for 506 assets — all of their high trades were additionally for virtual land.
The metaverse is an immersive video game expertise of the web that uses blockchain technology and NFTs to pay and own things on-line. as an example, after you build an in-game purchase, you really own the item and are free to hold, trade or sell it.
According to DappRadar, $106 million price of metaverse land was sold among more than 6,000 traders within the week ending on weekday. “Undoubtedly, Metaverse land is that the next massive hit within the NFT space. Outputting record sales numbers and perpetually increasing NFT costs, virtual worlds are the new high artifact within the crypto space,” declared DappRadar in a web log post at the time.
( Keira Wright, Cointelegraph, 2021)