Metaverse real estate is a new, growing and developing market. Because of the limited number of lands and increasing demand, the capital of virtual reality is growing on a daliy bases; thus the virtual lands’ transactions and purchases reach representative marks.
Based on observations on two leading virtual real estate platforms “Decentraland” and “Sandbox”, we offer you dynamic studies of virtual real estate, which will allow Recov users to keep up with the development of virtual economy and analyze its potential.
During the last three months of 2022 based on the observations on two main platforms of Virtual Real Estate (Decentraland; Sandbox) average value of a transaction decreased to $4,000. The drop in value is linked to the depriciation of the crypto, which was used for trading on the platforms.
Despite the fact that the market drastically increased in 2021, it still is not massive. A few 10 thousand people are active in virtual real estate, however, after Facebook launches Meta for masses, the popularity of 3D world will increase, which will logically widen the segment of people interested in virtual real estate.
Market drastically increased at the end of October, when “Facebook” announced “Meta”. Just in November, market value amounted to USD 133 Million, following months showed slight decrease, however in January of 2022 the value summed up to USD 85 Million, which is 10 times greater than the indicator of January 2021.
Virtual real estate market value amounted to USD 501 Million in 2021. This sum represents the total value of virtual real estate based on transactions.