![]() The minimum price for a plot in The Sandbox was 3.66 Ether or $10,559, according to MetaMetric Solutions, which tracks metaverse land prices. In November, the platform said it had 30,000 monthly active users. Celebrities like Snoop Dogg and brands such as The Walking Dead own space in the Sandbox. In the Sandbox, another virtual metaverse, users can also buy land and create play-to-earn experiences. ![]() Some of the most expensive plots have sold for millions of dollars. That includes building virtual structures-user avatars can walk inside them-and creating experiences like virtual casinos, art galleries, or concert halls.Įstablishing a presence in Decentraland requires buying a plot of land, the cheapest of which costs 2.88 Ether or about $8,500, as of Thursday, according to Parcel, which tracks metaverse land prices. Fortune 500 companies such as JPMorgan Chase and Samsung have set up shop inside the service. Decentraland is among the most popular metaverses, with about 300,000 monthly users. Last year, SAND skyrocketed 9,400%.Ĭhandrasekera specifically mentioned Decentraland’s MANA as having promise. Meanwhile, an investor who bought SAND at its launch would have a nearly 45,600% gain today. Last year alone, it shot up nearly 4,000%, from about 8 cents to $3.27. Both of them rallied in value in November after Facebook refocused its business on creating a metaverse-going so far as to rebrand as Meta-and a tsunami of new money poured into rival metaverse platforms.Īn investor who bought MANA in 2017 would today have a nearly 12,000% return, according to CoinMarketCap. You can use both of the cryptocurrencies to buy land and in-game items in their respective metaverse platforms. Metaverse tokens include MANA, used within the metaverse platform Decentraland, and SAND, the coin of the land in the metaverse known as the Sandbox. ![]() “They have huge potential,” said Shehan Chandrasekera, an angel investor and head of tax strategy at CoinTracker. Metaverse tokens, used within virtual worlds to buy things like land or in-game items like avatar accessories, are considered by some to be among the top contenders for 2022. Besides waiting for the biggest cryptocurrencies to rebound, investors are looking for new opportunities. ![]()
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