In the previous week, digital land has led NFT sales

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The previous week’s non-fungible token (NFT) and metaverse sales numbers demonstrated that digital land is still in great demand in an already profitable sector.

According to statistics from industry analytics platform NonFungible.com, there have been over US$300 million (RM1.27 billion) in NFT sales during the previous week, according to cryptocurrency news site Cointelegraph.

It went on to say that almost a fifth of the sum was for digital land in The Sandbox metaverse.

According to the report, each of the top ten NFT metaverse sales during the last week, spanning the top five collections, was for in-game digital land.

Over the last week, the Sandbox received $70.5 million for 4,433 items, making it the most profitable metaverse collection.

The Sandbox is a virtual metaverse where people may create, own, and monetize their virtual worlds.

The top ten most costly metaverse NFT sales during the last week, ranging from 225,000 MANA (US$758,250) to 50,000 MANA (US$220,000), were all Ethereum-based.

Decentraland is a decentralized 3D virtual reality platform with 90,601 land parcels.

Over the last week, it transacted US$6.6 million in volume for 399 assets.

In the meantime, CryptoVoxels traded roughly US$650,000 in volume for 81 assets, Somnium Space traded US$492,000 for 40 assets, and SuperWorld traded US$227,600 for 506 assets within the same period, with all of their biggest deals being for virtual land.

As per the article, over 6,000 dealers sold US$106 million worth of metaverse land in the week ending on Thursday, as per crypto analytics company DappRadar.

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