Investors Pumped Nearly $900K Into Virtual Real Estate NFTs Last Week

via The Sandbox

Gamers and non-fungible token (NFT) investors pumped some serious capital into virtual real estate last week on the back of the recent Ethereum (ETH) rally.

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.

NFT market data
NFT market details from the week ending on February 16. (NonFungible.com)

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.

More: Gamers Invested 1 Million Dollars in Virtual Land This Week

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.

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