4 blockchain-based metaverse projects generated more than $100 million worth of virtual country nonfungible token (NFT) sales final calendar week, according to information from DappRadar.

A Tuesday postal service from the decentralized awarding analytics house reported that between November. 22 and Nov. 28, activity was "booming" on The Sandbox, Decentraland, CryptoVoxels and Somnium Infinite with a combined $105.8 million worth of trading volume among them from more than than half-dozen,000 traders:

"Undoubtedly, Metaverse land is the side by side big hit in the NFT space. Outputting record sales numbers and constantly increasing NFT prices, virtual worlds are the new pinnacle article in the crypto space."

The Sandbox represented the king of beasts'southward share of volume for the week with $86.56 1000000, Decentraland deemed for $fifteen.53 million, while CryptoVoxels and Somnium Infinite generated $2.68 million and $1.1 one thousand thousand, respectively. All 4 of these metaverse projects are built on the Ethereum blockchain, although projects on other bondage such as Solana are beginning to gather pace, also.

DappRadar noted that "the moving ridge of attention towards virtual worlds like The Sandbox and Decentraland started with Facebook's rebranding to Meta."

"However, this is only the tip of the iceberg that pushed the term Metaverse into the mainstream. Virtual worlds conduct such enormous potential, and we're just beginning to see the full array of use cases for metaverse state," the weblog post read.

Related: NFT sales aim for a $17.7B record in 2022: Report by Cointelegraph Inquiry

Commenting on The Sandbox's enormous surge in NFT land sales volume, Yat Siu, chairman and co-founder of Sandbox'southward parent company, Animoca Brands, told Cointelegraph:

"Facebook in their attempt to usurp the narrative of the metaverse caused a chain reaction of other companies not in Web three.0 (such as Microsoft) to also announce their metaverse strategies and created mass interest and sensation."

Siu contrasted Meta's approach to the more organic, user-built environment of The Sandbox.

"While not anybody understands what digital property rights actually mean, enough of them are interested in this now, and this has created more internet awareness. The Sandbox has captured the narrative of a real metaverse — ane where you can really own a piece of it, and this is also reflected somewhat in the token price," added Siu.

Out of the 4 projects listed, Decentraland has seen the biggest NFT country auction over the last 30 days, with a plot consisting of 116 parcels of land in the virtual world'due south Fashion Street District selling for 618,000 MANA tokens ($ii.7 million at current prices) on Nov. 23.

On the same solar day, The Sandbox also sold a tokenized ultra-luxury mega-yacht for 149 Ether (ETH) worth more than than $666,000 at the fourth dimension of writing.

Top 10 NFT sales November. 22–Nov. 28. Source: DappRadar