Metaverse land in NFT was offered for greater than $ 100 million in a single week

Published:

Dec 2, 2021 21:23 GMT

It is estimated that the wave of consideration to digital worlds started with the rebrand from Facebook to Meta.

Metaverses have change into the latest guess within the crypto neighborhood, with main digital worlds recording greater than $ 100 million in NFT land gross sales final week, in line with information from DappRadar.

The Sandbox, Decentraland, CryptoVoxels and Somnium Space exercise is booming, as evidenced by the reported mixed commerce quantity of 22-28 November. $ 105.8 million amongst them by greater than 6,000 ‘merchants’.

They sell the NFT of a luxury mega yacht for a record price of $ 650,000, paid in Ethereum cryptocurrencies

The Sandbox leads the group with the best variety of ‘merchants’ and gross sales. It additionally had the best quantity of operations, with greater than 86 million {dollars}. Decentraland follows in second place with greater than $ 15.5 million traded by NFT of parcels, whereas CryptoVoxels and Somnium Space generated 2.6 million and 1.1 million every. The 4 initiatives of the metaverse are primarily based on the cryptocurrency ethereum.

Metaverses, that are hitting file gross sales figures and steadily rising NFT costs, are the brand new flagship within the cryptocurrency area. According to DappRadar, the wave of consideration to digital worlds like The Sandbox and Decentraland started with the rebrand of Facebook to Meta.

“Virtual worlds have enormous potential, and we are just beginning to see the full range of use cases for metaverse terrains. The potential is almost limitless, from the simple construction of a property on your plot, as you would in Minecraft, to the monetization of your metaverse terrain through advertisements, “says the aforementioned medium.

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