On Tuesday, on the virtual world platform Decentraland, Metaverse Group purchased a piece of digital land for a high price of US$2.43 million. Refresh the price record of virtual real estate again. This selling price is more than double the previous virtual real estate record of US$913,000. At the same time, the selling price has also been slightly higher than the actual average single house price in Manhattan, the United States. It is much higher than the price of a single house in other U.S. administrative regions and San Francisco.
The buyer of this digital land is Metaverse Group, a subsidiary of the digital asset investment group Tokens.com. The company bought a piece of digital land for 618,000 mana. Mana is the cryptocurrency used in Decentraland. If converted into legal tender, the funds are equivalent to 2.43 million U.S. dollars.
This piece of land for sale is a 116 piece of land located at Fashion Street Estate. Tokens.com stated that they will use this land to expand the digital fashion industry.
Of course, Decentraland’s housing prices are still not comparable to first-tier cities in the United States. A parcel in Decentraland is equivalent to 52.5 square feet. Therefore, the land purchased by Tokens.com is approximately equivalent to 6,090 square feet. It is much higher than the average residential area of 1,150 square feet in San Francisco. This means that in Decentraland, the price per square foot of land is approximately US$400, while in San Francisco it is US$1,200.
Tokens can freely buy and sell land and real estate in Decentraland
After more and more people have poured into the meta universe, the price of crypto tokens connected to the meta universe has also soared recently. In the past week, the price of mana has risen by nearly 60%.