According to a recent report by Robert Hoogendoorn based on data from NonFungibles.com, Decentraland (MANA), Cryptovoxels and The Sandbox saw a combined trading volume of roughly $874,000 last week. Additionally, the three platforms ranked in the top-4 for NFT trading volume along with Gods Unchained, a popular blockchain-based trading card game.
The recent demand for Decentraland and The Sandbox virtual land largely stems from two events, one of which is still upcoming.
The Sandbox held the second round of its LAND presale last week, where 6,192 LAND parcels, 5% of the virtual world, were sold. 19 new blockchain games and organizations also joined the metaverse with the second round, including Maker (MKR) and Opera (OPRA).
Additionally, Decentraland will be officially launching on February 20. The launch opens up the virtual reality metaverse to the public and establishes the Decentraland DAO, fully decentralizing the platform’s infrastructure.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.