The Metaverse continues to evolve as individuals and companies turn to the space. According to data from DappRadar, a total of $106 million was spent last week on the purchase of luxury yachts and other assets across four blockchain-based Metaverse projects.
Between November 22 and 28, transactions between more than 6 thousand users on The Sandbox, Decentraland, CryptoVoxels and Somnium Space platforms reached a volume of 105.8 million dollars. Sandbox, an online game world that lets users own lands, dominated the sale. DappRadar; Sandbox’s $86.56 million Decentraland’s $15.53 million; CryptoVoxels reported revenue of $2.68 million and Somnium Space reported revenue of $1.1 million.
Last week, buyers spent record amounts on virtual lands in the metaverse, where users can play games, trade digital assets, and use cryptocurrency tokens to buy and sell everything from digital sneakers to digital dresses.
Metaverse Group, a subsidiary of Tokens.com, broke a sales record in Decentraland by purchasing digital land for $2.43 million last Tuesday. That same week, another virtual land was purchased for $2.3 million on play-to-earn gaming platform Axie Infinity.
“Undoubtedly, Metaverse plots are a hot new topic in the NFT space,” DappRadar said in the report. With record sales and ever-increasing NFT prices, virtual worlds are becoming the new biggest commodity in the crypto space.” used the phrases.
The report said the surge in metaverse-related activity began with Facebook’s decision in late October to rebrand itself as “Meta,” in reference to its commitment to building its own digital world for its users.