The interest for metavers is rapidly increasing according to the latest figures revealed by DappRadar. Mark Zuckerberg and his team would – positively – have something to do with it.
Millions of dollars in metavers: a mad rush to buy in virtual real estate
DappRadar reveals in its November 30, 2021 blog post, that trading volumes for NFT virtual land on The Sandbox, Decentraland, CryptoVoxels, and Somnium Space, amounted to approximately $105.8 million, with over 66,000 traders, from November 22 to November 28, 2021. All 4 metavers are based on Ethereum (ETH).
The Sandbox takes the lion’s share of the volume with $86.56 million, followed by Decentraland’s $15.53 million. CryptoVoxels and Somnium Space close the gap with $2.68 million and $1.1 million respectively.
While Sandbox takes the lead in this ranking, Decentraland has seen a record sale of its virtual land. Tokens.com announced on November 23, 2021, the purchase of 116 parcels of land for 618,000 MANA, or approximately $2.5 million.
From Facebook to Meta: a change that’s driving a wave of interest in metavers
Facebook’s rebranding to Meta is said by DappRadar to be the cause of increased interest in metavers:
“The wave of attention toward virtual worlds like The Sandbox and Decentraland began with Facebook’s rebranding to Meta.”
The president and co-founder of Sandbox’s parent company, Animoca Brands, also shares this analysis from DappRadar, although his words toward Facebook are much harsher:
“Facebook, in its attempt to usurp the metaverse narrative, has caused a chain reaction of other non-Web 3.0 companies (such as Microsoft) to also announce their metaverse strategies and has created mass interest and awareness.”
Cryptophiles are creating “real” virtual worlds, by buying the NFTs of metavers. This digital universe is growing in importance and is starting to worry the authorities of some countries, such as China, which also wants to scrutinize transactions in metavers.