The Sandbox Announces $167M Land Market Cap

The Sandbox is alive and properly in 2023. In accordance with a report by Parcel Team, 2022 was a yr of serious progress for The Sandbox. On Saturday, The Sandbox introduced its accomplishments through Twitter and stays as bullish as ever of their social channels.

Digital Actual Property NFTs on the rise

There are nonetheless causes to be bullish. Final yr, digital actual property noticed a 180% year-on-year progress with $1.4 billion {dollars} in gross sales. Throughout this era of progress, The Sandbox rose in prominence and at present boasts a $167M+ Land Market Cap. At present, The Sandbox sits third within the Land Market Cap rankings behind Decentraland and Otherside. Curiously, landowners are holding onto their digital property in The Sandbox greater than every other metaverse platform on the planet. Certainly, 54% of landowners held onto their Sandbox land NFTs in 2022.

The Sandbox getting whale consideration

The Sandbox just lately appeared within the prime 100 most used sensible contracts amongst ETH whales. This revealed a shift in momentum in direction of the platform.

Might a bull market be on the horizon? Following a chilly crypto winter in Q3 and This autumn, there’s each purpose to consider {that a} revival is on its means. In that case, The Sandbox is properly positioned to be a serious benefactor, with over 17k Distinctive Energetic Wallets (UAW). Amongst a number of different thrilling tasks set to explode in 2023, The Sandbox stays as related as ever.

Digital worlds are nonetheless the long run

Immersive digital platforms are getting ready for an enormous yr in 2023. New metaverse platforms will provide methods to play, socialize, and have interaction in digital worlds like by no means skilled earlier than. For example, the brand new platform ‘Metaverse Seoul’ by the Seoul Metropolitan Authorities reveals unprecedented consideration to element. What’s extra, these platforms are incomes worldwide consideration and recognition, as we noticed in TIME Magazine’s best inventions of 2022. As we kick off the brand new yr and Q1, we’re going to see new tasks emerge and a market restoration could also be simply across the nook. Throughout this time, digital land gross sales are nonetheless retaining their worth comparatively properly contemplating.

What the long run holds

Digital worlds and digital property are getting ready for a fightback this yr. As a part of this fightback, The Sandbox might be proper on the entrance line, persevering with to construct its legacy.