Price and value continue trending for Decentraland virtual real estate plots. OpenSea, the NFT auction broker, has surpassed 20 billion … with a B … in virtual NFT sales.
MANA Plots are Commanding Premiums
Virtual land tokenized as an NFT just sold for $114,081, which is 7.70x the current floor price of 4.9 Ethereum (CRYPTO: ETH) (USD 114,081). The collection consists of over 97,000 plots of land –– at the present moment, each plot of Land parcels are 16m x 16m, or 52 square feet. Land in Decentraland and The Sandbox skyrocketed after Facebook’s rebrand to meta, as more investors became aware of the metaverse. Most times, virtual land sells at a premium due to the size, lot, and proximity to the center of the metaverse.
Open World Metaverse Brings Top Brands
Virtual land tokenized as an NFT just sold for $57,060, 3.85x the current floor price of 4.9 Ethereum (CRYPTO: ETH) (USD 57,060).
Ethereum’s blockchain is home to open-world metaverses, with the two most prominent being Decentraland (CRYPTO: MANA) and The Sandbox (CRYPTO: SAND). Brands like Adidas (OTC: ADDYY) and Atari (OTC: PONGF) have bought virtual land in these blockchain-based metaverses. Some companies believe that much of retail will eventually happen within the metaverse.
The term metaverse is used to describe the evolution of human interaction with the internet. As we spend more and more of our time on the internet, the gap between the real world and our online identities declines. Eventually, the metaverse is intended to be an immersive virtual world where people enjoy digital ownership and can interact with their peers.
It’s Not ALL Facebook … THE Metaverse Virtual Worlds are Trending
After Facebook (NASDAQ: FB) announced its rebrand to Meta, investors began to pay attention to platforms building metaverses. Smart contract blockchains can secure ownership of digital assets, so these networks play a crucial role in building out the metaverse.
