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A plot of virtual land that went for $4.3 million in The Sandbox is the most expensive metaverse property sale ever
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The Sandbox
Prices for virtual land set a new milestone Tuesday with one company buying property in The Sandbox metaverse for a record $4.3 million, according to The Wall Street Journal.
Republic Realm, which invests in and develops virtual real estate and other digital assets, purchased the land from Atari SA, marking the biggest metaverse property sale publicized to date, the WSJ reported citing Republic Realm and data from NonFungible.com.
The new record broke the one set just last week by Metaverse Group, a subsidiary of Tokens.com, when it purchased a patch of digital land for 618,000 mana, or about $2.43 million at the time. That land is set in the so-called fashion district of Decentraland, an online, virtual-only environment.
The
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