Virtual Land in the Metaverse has been very popular with people who buy NFTs this week. There has been a lot of interest in digital plots recently.
Data from the NonFungible platform shows that NFT sales totaled more than $ 300 million over the last week. Most of that money went to land in the Sandbox Metaverse, which is a virtual world where you can build things.
There’s more interesting information out there. Sandbox sold 4433 assets for a total of $70.5 million last week, which is how much money it made.
Decentraland came in second in terms of the total amount of traded money. It has sold 399 assets for $6.6 million during the last week, which is about what it paid for them. This shows how much Sandbox has done well and how big it has been.
When it comes to virtual reality, the metaverse is a whole different experience. It uses blockchain technology and non-fungible tokens (NFT) to facilitate the purchase of e-items. For instance, when you make an in-game purchase, you get ownership of the object and are free to retain, trade, or sell it.
A DappRadar report says that more than 6,000 people bought land in the Metaverse worth $106 million in the week ending on December 2.
It’s clear that metaverse ground is another big hit in the NFT space, but it’s not the only one. Virtual worlds, which have made record sales and NFT prices keep rising, are now the most valuable thing in the cryptocurrency world.
Online virtual worlds are a new frontier in entertainment. Many companies have invested in this space by building their own worlds and games. Now, with the rapid evolution of technology, they can be part of the virtual reality as well.
The metaverse is a term used to describe different virtual realities that are interconnected across time and space. The premise is that each participant would have a separate reality which is generated from their individual inputs on the internet or personal devices.