Almost 25% of NFT Purchases in Early December Were for Digital Land

If there was ever a time for a virtual land grab, it was late November through early December. During the week ending December 6, 2021, a remarkable 25% of NFT purchases through NonFungible.com were for digital land in the metaverse, totaling over $300 million. Although sales ratios are shifting a bit as mid-month comes around, there seems to be no stopping NFT real estate purchases.

In the week ending December 12, 2021, The Sandbox was still number four in sales volume, at just over $17 million, and Decentralland was number six, with nearly $10 million. This week, digital land has been displaced by a small number of very-high-profile NFT avatars from popular collections CryptoPunks (112 transactions) and Bored Ape Yacht Club (594 transactions), even though The Sandbox actually had more transactions (1,171) than both combined.

Image source: Getty Images.

Source Fool.com