An estate in virtual world Decentraland just sold for nearly a million dollars
A set of land in virtual world Decentraland has sold for a record-breaking $913,808 worth of MANA, the game’s Ethereum-based cryptocurrency.
Digital real estate investment firm Republic Realm acquired a non-fungible token (NFT) of the virtual estate, referred to as a LAND token, for nearly 1.3 million MANA. While the sale is the highest LAND sale in dollar terms, there have been previous sales that involved a higher number of MANA, when the token wasn’t worth as much.
“We can’t wait to announce our big plans for this estate,” the platform tweeted. “Our commitment to building and developing the metaverse is stronger than ever.”
Non-fungible tokens are collectible items that exist on the blockchain and represent different types of digital files, such as audio or video files, and even virtual land.