The demand for virtual land proved to be a very lucrative market according to the sales figures for NFTs and Metaverse across the previous seven days.
Info from NonFungible shows that during that time period over $300 million in NFT sales were recorded with about a quarter of that going towards digital land in The Sandbox Metaverse.
In fact, every NFT Metaverse sale in the top 10 across the top five collections was made for in-game digital land.
The Sandbox was the Metaverse collection that gained the largest amount of cash with a traded volume of $70.5 million for 4,433 assets.
Decentraland took the second place for the total volume traded, but the top ten most expensive metaverse NFT sales, with prices between 225,000 MANA ($758,250) to 50,000 MANA ($220,000), were all recorded here. For 399 assets, Decentraland recorded trades of $6.6 million in volume over the previous week.
Across the same time period, CryptoVoxels traded about $65,000 in volume for 81 assets, Somnium Space recorded $492,000 for 40 assets, with SuperWorld trading $227,600 for 506 assets. For all of them, their top trades were for virtual land.
DappRadar shows that $106 million worth of Metaverse land was sold to over 6,000 traders in the week ending December 2nd:
“Undoubtedly, Metaverse land is the next big hit in the NFT space. Outputting record sales numbers and constantly increasing NFT prices, virtual worlds are the new top commodity in the crypto space.”