How Much Are Metaverse Land Prices? The Best Metaverse Coins!
We will be discussing the subject of the “metaverse”, which even people who have never met cryptocurrencies are busy with these days. How much are the Metaverse land prices , will there be a good return on your investment? In our article where we will cover all these issues, we will also share the most preferred metaverse coins with you.
How Much Are Metaverse Land Prices?
In the last quarter of last year, Facebook's rebranding with the name “Meta” started a new era. Everyone knows the concept of "metaverse" and companies operating in this field will be more popular in the near future. Greengrocers, grocers, butchers, everyone is researching how this new trend can bring financial gain to them.
Buying or investing in the metaverse sounds pretty cool these days. It is possible to buy various metaverse plots on different platforms, but not all of these investments have the same meaning as buying fields from the center of Istanbul in the 1940s. In other words, there is a possibility that the investments you make will eat away at your capital.
So, Where and How Much Money Can You Buy Metaverse Land?
First of all, let's remind you that there are serious risks of buying on the yellow site. Investors who really dominate the sector put their metaverse lands up for sale in the marketplaces that are also exclusive to them. Those who are not even remotely familiar with the subject, on the other hand, try to sell the "things" they call "metaverse plots" through advertisement sites. I deliberately say “thing” because the “things” in the postings have absolutely nothing to do with the metaverse.
Decentraland
Samsung is opening its first metaverse store here. Decentraland is a project that really fits the concept of the metaverse. Many large companies have a direct or indirect relationship with Decentraland, and more corporate brands may step into the metaverse through Decentraland in the future.
So what are the land prices? Decentraland is not a very new project, so there are quite a lot of early investors. To date, a significant amount of land has been sold and the sales continue. You can buy Decentraland metaverse land with a base price of 4.53 ETH on OpenSea, the NFT marketplace with the world's largest transaction volume. In other words, at the time of writing, the sale of plots begins at a price of approximately 14,500 dollars. To date, Decentraland metaverse plots have generated over $821 million in volume.
In the image above, you can see the sales in the last 5 hours. The dollar equivalents are also written just below the crypto prices.
The Sandbox
One of the most popular true metaverse projects is The Sandbox. Many companies such as Skybound Entertainment, Ubisoft and SoftBank preferred him. Its base price (in the industry term floor price) is 3.6 ETH.
Again, the image above shows the sales made in the last 2 hours. The lowest was the sale of metaverse land (LAND) at $11,694.
Dream Space VR
Let's continue with Somnium Space VR, which is less popular and has more affordable metaverse land prices than the first two projects. The base price is 0.88 ETH, or $3,600 (at the time of writing).
You can see the prices of the last sales above.
Axie Infinity
It's just as popular as the first two metaverse projects, and investors are showing a lot of interest.
At the time of writing, there are 861 metaverse plots for sale on the Axie Infinity marketplace. While the lowest of these is around 9,900 dollars, there are also lands whose price exceeds hundreds of thousands of dollars.
Buying Metaverse Land in Istanbul
Yes, we have finally come to one of the most important issues. Dear readers, the "metaverse" aims to build a new world and to get rid of the real world and interact with it. At least its basic philosophy is close to this logic. But nowadays, we come across interesting advertisements in the style of metaverse land in Istanbul Sarayburnu, metaverse land suitable for Antalya region hotel. In fact, some of those who make these sales are real estate agents who buy and sell houses and land.
No one has the authority to parcel out and sell an existing world. By integrating a different version of Google maps into the website, you can suffer serious damage from projects that sell with coordinates. What value can we expect these projects to produce? How do you think we should approach projects that put stadiums and hotels in the existing world up for sale on their own website and say "we are selling metaverse plots"? The saddest part is that the biggest investors of these projects are Turks. Unfortunately, the biggest investors of projects like The Sandbox, Axie Infinity or Decentraland are not Turks. However, Turkish citizens are putting the most money into these dubious initiatives. According to statistics, the ratio of Turks to total investors has exceeded 90%.
The Best Metaverse Coins!
If you don't have the budget to buy metaverse plots on truly noteworthy projects, you can invest in local tokens of real projects instead of buying "metaverse plots" from obscure ventures. The total market value of metaverse-focused crypto money projects today is over $32.2 billion. The daily trading volume is at the level of 3.3 billion dollars.
Decentraland (MANA)
The total token supply is around 2 billion 193 million. At the time of writing, it continues to find buyers at $ 2.91. By the end of November, it went up to over $5.
Its market cap is still around $5.3 billion, making it the largest metaverse cryptocurrency by market cap.
Axie Infinity (AXS)
It is currently priced at $77.8. Its total market value is around 4.7 billion dollars. It was trading around $150 at the beginning of November. The great decline of Bitcoin also negatively affected its price.
The Sandbox (SAND)
It is the third most popular metaverse cryptocurrency. At the time of writing, it finds buyers for $ 4.61. Its total market value is around $4.2 billion. At the end of November last year, it was priced at over $8.
These are the most popular, out of which there are over 170 metaverse cryptocurrencies. You can buy the three altcoins we have listed on Binance. However, as we always remind, cryptocurrencies are investments that involve serious risk.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should perform their transactions in line with their own research.