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Virtual Land in Metaverse: Largest NFT trading volume last week



Digital land is in great demand in what is already a very lucrative market, as the sales figures for NFTs and Metaverse over the past week show.


Data from industry platform NonFungible.com shows that over $ 300 million worth of NFTs were sold in the past week. Digital land made up almost a quarter of that in The Sandbox's metaverse.


Last week, digital land made up the 10 largest NFT Metaverse sales across the five largest collections.


In The Sandbox , the total volume was last week 70.5 million US dollars for 4433 assets. This is the Metaversum collection that made the most money.


Decentraland was in second place in terms of total volume. But the ten most expensive NFTs were all sold here last week. These sales raised between 225,000 MANA ($ 758,250) and 50,000 MANA ($ 220,000). Decentraland posted $ 6.6 million trading in volume for the past week for just 300 assets.


For the past seven days, the total volume at CryptoVoxels was around $ 650,000 for 81 assets. At Somnium Space, it was $ 492,000 for 40 assets. At SuperWorld, the total trading volume was $ 227,600 for 506 assets. Here, virtual land also made up the majority.


The Metaverse is an immersive virtual reality environment on the Internet that uses blockchain technology and NFTs. You can use this to pay online or to prove that you actually own an item. For example, if you buy an item in the game, it belongs to you too. This can then be held, exchanged or sold.


According to DappRadar, $ 106 million worth of Metaverse land was sold to over 6,000 merchants on Thursday through the end of the week . "Metaverse-Land is undoubtedly the next big hit in the NFT area. The record-breaking sales figures and the constantly rising NFT prices show that virtual worlds are very much on the rise in the crypto area," said DappRadar in a blog post.


In June, a virtual real estate investment firm on Decentraland purchased 259 digital lots for $ 913,000. This is the largest purchase of virtual land to date .


On the NFT marketplace Opensea , Sandbox and Decentraland were the two most traded collections on the platform last week. 

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