Last week’s NFT sales were dominated by virtual land, with sandbox leading
In the past week, a large portion of NFT and metaverse investments have occurred on virtual land.
According to data from NonFungible.com, in the past week, investors spent as much as US$300 million on NFT, of which nearly a quarter was spent on the land of The Sandbox metaverse.
The popular decentralized metaverse project The Sandbox received more than $70 million in transaction volume from 4,433 sales, ranking first in the metaverse collection that received the most cash.
Although Decentraland ranks second in total transaction volume, the top 10 most expensive NFT meta-festival sales occur in its virtual world, and investors spend up to 225,000 MANA (US$758,250) on a property. In total, the Ethereum-based virtual world has traded $6.6 million from 399 assets in the past 7 days.
Other Metaverse projects in the top 10 include CryptoVoxel, which has a transaction volume of approximately US$650,000, Somnium Space, which has a transaction volume of US$492,000, and SuperWorld, which has a profit of US$227,600 from 506 assets. All top transactions are also virtual land.
Yuanjie Land is becoming a popular cake for investors and NFT enthusiasts. According to BTC PEERS, on Thursday, a collector paid about $450,000 for a manor near the Snoop Dogg manor on The Sandbox.
As early as June, a virtual real estate investment company purchased 259 plots for $913,000, setting a new record on Decentraland, making it the most expensive digital plot ever sold.
When commenting on the demand for virtual land, DappRadar once wrote:
There is no doubt that Metaverse Land is the next big hit in the NFT field. With record sales figures and rising NFT prices, the virtual world is the new top commodity in the encryption field.
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