According to DappRadar, four blockchain-based Metaverse projects generated over $ 100 million in virtual terrestrial NFT sales in the last week.
A November 30 report from the decentralized analytics firm (DApp) said that from November 22 to 28, activity at Sandbox, Decentraland, CryptoVoxels and Somnium Space flourished, with total trading volume between them reaching $ 105.8 million. From over 6,000 traders:
“There is no doubt that Metaverse territory will be the next big hit on NFT’s territory. With record sales and steadily rising prices, NFT Virtual Realms is the new flagship crypto product. ”
Sandbox accounted for $ 86.56 million, Decentraland $ 15.53 million, and CryptoVoxels and Somnium Space earned $ 2.68 million and $ 1.1 million each. All four Metaverse projects are built on the Ethereum blockchain, although projects on other networks such as Solana are also starting to pick up speed.
DappRader noted that “the wave of interest in virtual worlds like The Sandbox and Decentraland began with the rebranding of Facebook to Meta.”
“But this is just the tip of the iceberg that pushed the concept of the Metaverse to the mainstream. Virtual worlds have such tremendous potential and we are just beginning to see the full range of use cases for countries in the metaverse, ”reads the blog post.
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Yat Siu, Chairman and Co-Founder of Animoca Brands, Sandbox’s parent company, commented on the sharp increase in Sandbox NFT sales nationally:
“Facebook’s attempt to usurp the history of the Metaverse has triggered a chain reaction from other non-Web3 companies (such as Microsoft) who have also posted their Metaverse strategies and created public interest and awareness.”
Sioux contrasted Meta’s approach with a more organic, user-generated sandbox environment.
“While not everyone really understands what digital property rights really mean, many of them are now interested in it and this has raised awareness on the Internet. Sandbox captures the true history of the Metaverse in which you can actually own a piece of it, and that’s reflected. This is also reflected in the price of the token. ”
Of the four projects listed, Decentraland has seen the largest sale of NFT land in the past 30 days, with a 116 lot parcel in the Fashion Street area in the virtual world sold for 618,000 MANA tokens ($ 2.7 million at current prices) in November. 23.
On the same day, The Sandbox also sold the super-luxury mega-yacht for 149 Ether (ETH) worth over $ 666,000 at the time of writing.