Last week’s NFT sales were dominated by virtual lands, The Sandbox leads the pack
BTC Peers
Published Dec 06, 2021 08:19PM ET
Last week’s NFT sales were dominated by virtual lands, The Sandbox leads the pack
A huge percentage of NFT and metaverse investments over the past week were on virtual land.
According to data from NonFungible.com, investors spent a whopping $300 million on NFTs over the past week, and almost a quarter of this figure was spent on The Sandbox metaverse land.
Popular decentralized metaverse project The Sandbox saw a trading volume of over $70 million from 4,433 sales, placing it at the number one spot in terms of the metaverse collection that raked in the most cash.
Although Decentraland came in second place for the total volume traded, the top 10 most expensive NFT metaverse sales were on its virtual world, with an investor spending as much as 225,000 MANA ($758,250) on an estate. In general, the Ethereum-based virtual world traded $6.6 million from 399 assets in the past seven days.
Other metaverse projects on the top 10 list include CryptoVoxel, which traded around $650,000, Somnium Space, with $492,000 in trading volume, and SuperWorld, which raked in 227,600 from 506 assets. All of the top trades were also for virtual land.
Metaverse land is growing to become a hot cake among investors and NFT enthusiasts. As reported by BTC PEERS, a collector paid about $450,000 for an estate adjacent to Snoop Dogg’s estate on The Sandbox on Thursday.
Back in June, a virtual real estate investment firm set a new record on Decentraland after paying $913,000 for 259 parcels, making it the most expensive digital plot ever sold.
Commenting on the demand for virtual land, DappRadar once wrote:
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.
Continue reading on BTC Peers
Get The News You Want
Written By: BTC Peers
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.