Sandbox: Virtual Real Estate
Quick Take
- This piece looks into virtual real estate in The Sandbox metaverse.
- 86,722 LANDs have been sold to over 17,500 owners through 27 sales rounds between 2019 and 2021.
- The growth of SAND token outperformed LAND in 2021.
- Despite on-chain data availability, the valuation of virtual real estate is not much easier than the physical real estate market.
- However, this will change as we are seeing signs of the emergence of third-party protocols such as land appraisers and land aggregators.
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Author: Erina Azmi
