Demand for Digital Real Estate Increases and The Sandbox Conquers the Metaverse

Demand for Digital Real Estate Increases and The Sandbox Conquers the Metaverse
Demand for Digital Real Estate Increases and The Sandbox Conquers the Metaverse

The Sandbox is a virtual universe that gained popularity by selling virtual real estate. Its metaverse is entertaining and offers immense, almost unlimited possibilities for gaming.

The digital ecosystem allows players to design their own worlds, create digital assets and games, and go on adventures. Players can also place their objects in the metaverse and interact with others. The metaverse runs using a play-to-earn feature, through which players can earn tokens and other assets while playing.

The Sandbox sold LAND near Snoop Dogg’s in-game estate for $450,000 worth of ETH.

Republic Realm, a U.S. investment firm, also bought land worth an estimated $4.3 million in The Sandbox’s metaverse.

In total, investors have thus far spent over $100 million on digital land.

The Sandbox’s LAND accounted for 25% of all NFT sales last week, with $70.5 million in sales for 4,433 assets.

On The Flipside

  • The Sandbox stands at the fore of considerable and increasing interest in the metaverse industry; the creation and expansion of people’s virtual lives is only growing.

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