The Sandbox is the most traded NFT in the last week

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The Sandbox is the most traded NFT in the last week

In the last seven days, digital lands were in high demand. The Sandbox played the main role, and its land collection was the most traded NFT over the past week, beating the Bored Apes and the CryptoPunks with $58.4 million and $17.5 million respectively, according to NonFungible.

Nearly 25% of all the NFTs sales last week, including Decentraland with $6.6 million sales, and the top 5 related metaverse NFT collections were related to virtual real estate sales on the Ethereum blockchain.

The Sandbox was created by S bastian Borget and Arthur Madrid in 2011 as a mobile game. The project has changed its version in 2018 and started using a 3 D multiplayer game in a virtual world where players can earn money with its utility token SAND. Only 166,464 LANDS will be available, according to the official GitBook of The Sandbox.

A property sold for $4.3 million and a yacht for $650 thousand were sold last week on The Sandbox metaverse. According to The Sandbox's website, The Sandbox has recently partnered with Adidas and has previously partnered with celebrities such as Snoop Dogg and world DJs Deadmau 5 and Richie Hawtin.

In 1626, Peter Minuit, of the Dutch West India Company, bought Manhattan Island from local Indians for 60 dutch guilders, which was later worth around $24, and has been one of the greatest real estate deals in history, according to History Today.

Two weeks ago, Tokens.com bought 116 parcels worth approximately $2.4 million in the center of the Fashion District in the metaverse of Decentraland, aiming for a good location property, so fat it has been the largest land sale transaction in Decentraland.

With all new known partnerships and high demand for digital real estate lands in the metaverse worlds, such as The Sandbox and Decentraland, it appears that many companies are heading in the digital world direction.

What happens if years from now we will be going to the main fashion street on a metaverse, instead of buying luxury goods in streets like Champs lys es or 5th Avenue? The real visionaries are companies or people who are buying the parcels, like Peter Minuit did in 1626 in Manhattan.