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Metaverse Land: The Next Big Hit in the NFT Space
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.
Blockchain-based Metaverse projects generate over $100 million in virtual land NFT sales last week
According to data from DappRadar, four blockchain-based Metaverse projects generated more than $100 million worth of virtual land NFT sales last week. The top three were:
- The Sandbox: $86.56 million
- Decentraland: $15.53 million
- CryptoVoxels: $2.68 million
- Somnium Space: $1.1 million
Virtual worlds are the new top commodity in the crypto space
The wave of attention towards virtual worlds like The Sandbox and Decentraland started with Facebook’s rebranding to Meta. However, this is only the tip of the iceberg that pushed the term Metaverse into the mainstream. Virtual worlds carry enormous potential, and we’re just beginning to see the full array of use cases for metaverse land.