A trend? Sales of non-fungible tokens (NFT) of virtual parcels have been particularly strong in recent weeks. We take a closer look at the reasons behind this craze for metaverses
Sales of NFTs of digital parcels continue to rise
Looking at Nonfungible.com’s data aggregator, we see that the non-fungible token project that has gathered the most volume over the past week is The Sandbox. The digital parcels in the form of NFTs were able to move $70.5 million in seven days.
Another metaverse project, Decentraland, is also ranked sixth in terms of volume
Top NFT projects by weekly volume (Source: Nonfungible.com)
Among the top NFT sales of the past seven days was a digital parcel from Decentraland, which traded for $758,250.
In total, sales in the metaverse category exceeded $60 million, with 4,185 unique sales. This corresponds to 20% of the $300 million in sales for all NFT categories. On a monthly basis, the increase is particularly strong
Metaverse NFT USD sales growth (Source: Nonfungible.com)
Metaverses and their digital plots are coming to the forefront
The analytics site DappRadar had already noted the trend a week ago in a report on the subject. It noted that the top four metaverse projects – namely The Sandbox, Decentraland, Cryptovoxels and Somnium Space – had attracted the attention of more than 6,000 investors in one week.
It also noted that prices for digital plots available as NFTs continue to rise, showing that interest is growing:
Metaverse plots are undoubtedly the next big thing in the NFT industry. […] The wave of attention for digital worlds like The Sandbox or Decentraland started when Facebook renamed itself to Meta.
It is true that big brands have started to take an interest in the subject. Recently, Adidas got into the business, and the creators of Pokémon Go have also sniffed out the game.
Although for the moment, NFTs of the “collectible” type, such as CryptoPunks or the Bored Ape Yacht Club project, largely dominate in terms of volume, this unprecedented breakthrough of tokens from metaverses has been noted. It is likely that other major brands will follow suit in the weeks and months to come
