Virtual Metaverse Plots surpassed top NFT collection sales, and the value of tokens earned by playing this year soared – Market and Price Bitcoin News
In the past 7 days, the virtual land sold in Metaverse has exceeded a large number of non-fungible token (NFT) sales. In addition, Metaverse’s native encrypted tokens such as axie infinity, sandbox, and decentraland, as well as digital assets earned by games, have seen a significant increase in value this year.
Metaverse attributes exceed NFT collection — Play-to-Earn Tokens rise
After the meme-crypto hype, decentralized finance (defi) trend, and non-fungible token (NFT) boom, Meta Festival has become a big issue. In essence, Metaverse is a different version of the Internet. It supports virtual environments, objects, collectibles, weapons, and sometimes the function of playing games to make money. Virtual worlds like Second Life, Minecraft and Roblox can be considered as iterations of the meta-universe, but recently, blockchain technology has entered this field.
For example, in the $2.3 trillion crypto economy, $25 billion of which is a play-by-play (P2E) digital asset. Axie infinity (AXS) is the largest P2E token by market capitalization, with a valuation of approximately US$6.5 billion.
Although AXS fell by 25% last week, AXS has risen by 20,824% year-to-date (YTD). The second largest P2E token is Sandbox (SAND), with a market valuation of US$4.6 billion. SAND fell by 32% last week, but it has risen by 11,597% year-to-date.
In terms of P2E assets, the third largest market valuation is decentraland (MANA), with a market value of approximately US$4.4 billion. MANA also fell by 32% this week, but in dollar terms, it has risen by 3,693% year-to-date. Other P2E tokens with the highest market value include Gala (GALA), wax (WAXP), illuvium (ILV) and mobox (MBOX).
Mortgage of land in Metaverse can be expensive — Sandbox’s weekly sales reach 70 million US dollars
In addition to Metaverse and P2E tokens that have collected a lot of value last year, land in Metaverse has been a hot commodity these days. index Data from nonfungible.com shows that the NFT market history of the past 7 days shows that the sandbox has always been the biggest competitor. In the past 7 days, sales from Sandbox Metaverse exceeded 70 million U.S. dollars.
This is approximately US$10 million higher than the US$59 million in sales of the Bored Ape Yacht Club (BAYC) NFT series. In addition, The Sandbox’s sales are much higher than the sales of the Cryptopunks NFT series, which received $17 million last week. Decentraland, a virtual reality platform powered by the Ethereum blockchain, had weekly sales of $6.6 million last week, ranking sixth.
The largest sales on Decentraland are plots and estates valued between US$289,000 and US$758,000. Although The Sandbox’s sales surpassed Decentraland, the land price was much lower because the land changed hands at a price of between US$44,000 and US$68,000 last week.However, recently the virtual land near Snoop Dogg’s Sandbox Manor Sold for USD 450,000 on Ethereum. Last week, the average dollar price of The Sandbox metaverse product was $15,000, and the sales volume exceeded 4,400.
What do you think of Metaverse and P2E tokens gaining a lot of value this year? What do you think of all Metaverse land sales? Please tell us your thoughts on this topic in the comments section below.
Image Source: Shutterstock, Pixabay, Wiki Commons, Tradinview, Nonfungible.com,
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