Sandbox: Virtual Real Estate

January 12, 2022, 11:49AM EST

• 11 min read

Quick Take

  • This piece looks into virtual real estate in The Sandbox metaverse.
  • 86,722 LANDs have been sold to over 17,500 owners through 27 sales rounds between 2019 and 2021. 
  • The growth of SAND token outperformed LAND in 2021.
  • Despite on-chain data availability, the valuation of virtual real estate is not much easier than the physical real estate market.
  • However, this will change as we are seeing signs of the emergence of third-party protocols such as land appraisers and land aggregators.

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