Land in the metaverse accomplished product sales of 500 million USD

According to MetaMetric Solution – a firm specializing in salary evaluation and measurement in the US, in 2021, genuine estate product sales in the metaverse hit the mark 500 million USD. Many estimates also recommend that this quantity will double or even extra by 2022.

Accordingly, four metaverses like Sandbox, Decentraland, Cryptovoxels and Somnium recorded income. 501 million USD by offering land. Although it is only the starting of 2022, product sales of the metaverse have reached 85 million USD. According to predictions, the product sales of virtual land in 2022 could exceed one billion USD.

According to lots of predictions, the virtual land industry in the metaverse will nonetheless hold its development price in the time period 2021 – 2028. Although there are lots of dangers when investing in virtual land, if you pick out the suitable component, it will be incredibly pricey. generously.

Although lots of genuine estate transactions in the metaverse have been profitable, lots of traders are questioning the valuation in this group. What will the genuine worth of these digital assets be like in the potential? Many controversies have broken out, but the metaverse is nonetheless the mainstream and the tasks are nonetheless currently being launched.

Metaverse reaches a market capitalization of 8000 billion VND

Most of the income is nonetheless targeted on the “quad” metaverse of Sandbox, Decentraland, Cryptovoxels and Somnium. These four tasks have a complete of 268,645 plots of land. They are priced in accordance to the region and the quantity of sources offered on every single piece of land.

Sandbox is the undertaking with the most land with 166,464 pieces. The common selling price of a piece of land with an region of ​​​​96 m2 is twelve,700 USD. Decentraland, the metaverse undertaking with the biggest industry capitalization in the cryptocurrency industry, in accordance to CoinMarketCap, there are 90,600 pieces. The common selling price of a land of sixteen m2 right here has reached the milestone 14,440 USD. Many folks consider that the worth of genuine estate in the metaverse fluctuates based on the creating on it.

The virtual land fever in the previous time has triggered lots of conflicting views and queries about the genuine worth of the metaverse. “The virtual universe is merely a pyramid scheme,” stated Edward Castronova, a communications professor at Indiana University.