Based on a Business Insider report, Friday (7/1/2021), the price of "small" land on the popular metaverse platform is around the US $ 11,000.
Sciencelovers - When land prices in the real world continue to soar, it turns out that "land" in the metaverse sector also doesn't want to be outdone by printing higher prices, even more fantastic.
The great hype is the main reason why the metaverse is so crazed by investors, that the prices of all the assets in it, including the tokens, skyrocketed tremendously.
Land Prices in Metaverse
The more people there are, of course, the price of an asset will continue to increase because the amount is limited.
The occurrence of an exchange of ownership is also the basis for why the price of an asset shot up sharply. There's an economic turnaround there that makes even unreal, aka virtual, land very valuable.
Based on a Business Insider report, Friday (7/1/2021), the price of "small" land on the popular metaverse platform is around the US $ 11,000.
For example, SandBox and Decentraland, the most popular at the moment, own small plots of land that cost around 3.7 and 3.46 Ether (ETH), worth approximately US$11,000.
The small land referred to here is 1×1 land, which means it is 96 square meters in SandBox and 16 square meters in Decentraland.
In fact, about a year ago, such a small piece of land was only valued at around US$1,000.
Of course, the current price of virtual land was completely capable of beating the price of real-world land of the same size.
In fact, it has been considered as one of the hottest commodities as its price is expected to continue to soar.
The craziest thing is, in a certain case, the price of this virtual land will be able to be sold at a very unreasonable price.
According to DappRadar records, a plot of land in SandBox had a record sale of US$4.3 million last November.
Seeing a price increase of more than tenfold, virtual land has attracted a large number of enthusiasts to own it. The benefits are not even included if we manage to rent it out to other users.
This is a very real business in a world that is not real at all. Blockchain technology really changes everything. Money can be present and gathered anywhere, even in a completely intangible place. Very interesting.
