{"id":863,"date":"2021-12-05T01:52:22","date_gmt":"2021-12-05T01:52:22","guid":{"rendered":"https:\/\/egrowonline.com\/?p=863"},"modified":"2021-12-05T01:52:22","modified_gmt":"2021-12-05T01:52:22","slug":"popular-metaverse-altcoins-see-100000000-worth-of-virtual-real-estate-sales-in-one-week-report","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=863","title":{"rendered":"Popular Metaverse Altcoins See $100,000,000 Worth of Virtual Real Estate Sales in One Week: Report"},"content":{"rendered":"


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Virtual real estate is booming in the metaverse as popular altcoins saw millions of dollars in land sales over seven days.<\/p>\n

A new report<\/a> published by DappRadar finds that sales of virtual non-fungible token (NFT) land on leading metaverse crypto assets The Sandbox (SAND) and Decentraland (MANA) totaled just over $100 million.<\/p>\n

SAND, a blockchain-based gaming world where users can buy, sell, and trade digital assets, saw a staggering $86.5 million in NFT land sales by itself while decentralized virtual gaming world MANA saw $15.5 million in land sales.<\/p>\n

\u201cThe Sandbox is leading the pack with both the highest number of traders and sales. It also had the highest trading volume with more than $86 million. <\/em><\/p>\n

Decentraland follows in second place with more than $15 million traded for land plot NFTs.\u201d<\/em><\/p>\n

Though SAND handily outsold MANA in an overall sense, the highest-priced plot of land sold<\/a> was Decentraland\u2019s Fashion Street Estate, which went for $2.4 million on its own.<\/p>\n

SAND<\/a> is exchanging hands at $5.86, a 25% decrease from its seven-day high of $7.83 while MANA<\/a> is trading for $3.80, a 26% decrease from its seven-day high of $5.15.<\/p>\n

Other crypto assets that experienced significant land NFT movement were CryptoVoxels and Somnium Space, which saw $2.7 million and $1.1 million in sales respectively.<\/p>\n

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Source: DappRadar<\/a><\/figcaption><\/figure>\n

According to the report, about 6,000 traders participated last week in the buying frenzy across all four altcoins.<\/p>\n

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