Digital land brings high demand to the already highly lucrative market. The NonFungible industry metrics platform showed that NFT sales had topped 300 million. About a quarter of that amount has been dedicated to digital land in the Sandbox metaverse.
Each of the top ten NFT Metaverse sales from the top five collections was for in-game digital land. The Sandbox traded a total of $70 Million for 4433 assets in the past week, which is the biggest sum raked in. The highest costing metaverse NFT sales during the last week ranging from 225,000 Million Mana ($758,250) to 50,000 Million Mana, was on an Etherum-based VR platform. Decentraland traded $6. 6 million in volume contained 399 assets over the past week during the past seven days. CryptoVoxels traded around $650,000 for 81 assets, and Somnium Space traded $49.
The idea behind the internet’s immersive virtual reality experience based on blockchain technology and nonfungible tokens is to purchase and own items online. You make an in-game purchase, and the item is owned by you and is free to hold or trade.
Approximately 106 million dollars of Metaverse land was sold among more than 6,000 traders sold in the week ending December 2. Without a doubt, Metaverse Land is the next big hit in the NFT space. Virtual worlds and NFT prices are the new high growth commodity in the crypto space. They generate record sales numbers, which the virtual real estate investment firm did not compile spent $913,000 on 259 parcels. The top two collections traded on the NFT marketplace were Opensea, Sandbox, and Central. It is a change from active to passive.