Virtual land in a blockchain game sold for more than $900,000 on June 17, a record in this game.
In Decentraland, players own virtual land by buying and selling as NFTs (non-fungible tokens). NFT is an indivisible virtual asset with digital ownership on the blockchain.
The buyer is an investor working for Republic Realm digital real estate investment fund. To date, it is the most expensive NFT land sale ever recorded, beating the old record of $704,000 set on May 28, according to data tracking site DappRadar.
Made up of 259 parcels of land, this virtual piece of land covers an area of 66,304 square meters, which is also the largest piece of land for sale in Decentraland.
The virtual land fever in the blockchain game is as hot as the land fever in real life.
In Decentraland, players can display digital art, walk around the house, and invite friends to visit their property. Purchases are paid in Mana, Decentraland’s virtual currency. With a virtual money spent of 1,295,000 Mana, the value of the contract at that time was 913,228 USD. When the Bitcoin craze peaked in early May, a single Mana coin was worth $1.50, the equivalent of a piece of land worth up to $1.9 million.
British auction house Sotheby’s also opened a virtual auction building in Decentraland and displayed NFT works, attracting more than 3,000 visitors.
In early June, the game The Sandbox sold a piece of virtual land for $ 650.00. Earlier in March, the game Somnium Space also sold a piece of virtual land for $ 500,000.
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– Emergenceingames.com
