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According to DappRadar data, four blockchain-based Metaverse projects generated virtual land NFT sales worth more than $100 million last week.
A sort of November 30 release According to a report from a decentralized application (DApp) analysis company, between November 22 and November 28, the activities of The Sandbox, Decentraland, CryptoVoxels and Somnium Space “boomed” with more than 6,000 traders’ The total transaction volume reached 105.8 million U.S. dollars:
“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.”
Sandbox Decentraland accounted for the largest share of this week’s trading volume with $86.56 million. Decentraland accounted for $15.53 million, while CryptoVoxels and Somnium Space generated $2.68 million and $1.1 million, respectively. All four Metaverse projects are built on the Ethereum blockchain, although projects on other chains such as Solana have also begun to accelerate.
DappRader pointed out that “the wave of attention to virtual worlds such as The Sandbox and Decentraland began when Facebook changed its brand name to Meta.”
“However, this is just the tip of the iceberg that pushed the term Metaverse to the mainstream. The virtual world has such a huge potential that we have only just begun to see complete use cases for Metaverse Land,” the blog post wrote.
related: The goal of NFT sales is to set a record of $17.7B in 2021: Cointelegraph Research report
Commenting on the huge growth in the sales of sandbox NFT land, Xiao Yi Chairman and co-founder The head of Sandbox’s parent company, Animoca Brands, told Cointelegraph:
“Facebook’s attempt to usurp Metaverse’s narrative caused a chain reaction of other companies not in Web3 (such as Microsoft). They also announced their Metaverse strategy and aroused public interest and awareness.”
Siu compared Meta’s approach to The Sandbox’s more organic user-building environment.
“Although not everyone understands the true meaning of digital property rights, there are now enough people who are interested in it, which has created more awareness of the Internet. The sandbox has captured a true Metaverse story, and you can truly have it. Part of it, this is also reflected in the token price to some extent,” Siu added.
Of the four projects listed, Decentraland has seen Largest NFT land sale In the past 30 days, a plot of 116 plots of land in the Fashion District of the Virtual World was sold on November 23 for 618,000 MANA tokens ($2.7 million at current prices).
On the same day, the sandbox also Sell At the time of writing, 149 Ether (ETH) tokenized ultra-luxury megayachts worth more than $666,000.
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