The sandbox is alive and well in 2023. Reported by Parcel Team, 2022 was a year of great growth for The Sandbox. On Saturday, The Sandbox announced the results on his Twitter and remains as bullish on social channels.
Increase in virtual real estate NFTs
There are still reasons to be bullish. Last year, virtual real estate grew 180% year-on-year, reaching his $1.4 billion in sales. During this period of growth, The Sandbox gained traction and now boasts a land market capitalization of over $167 million. Currently, The Sandbox sits in his third position in the Land Market Cap rankings behind Decentraland and Otherside. Interestingly, more landowners hold their virtual assets in The Sandbox than any other metaverse platform on the planet. In fact, his 54% of landowners held sandbox land NFTs in his 2022.
A sandbox that attracts the attention of whales
Sandbox recently appeared in the top 100 most used smart contracts among ETH whales. This has revealed a shift in momentum to the platform.
Could a bull market be on the horizon? After a cold winter in Q3 and Q4, there’s reason to believe a revival is on the horizon. If so, The Sandbox is well placed for him to become a major backer with over 17,000 Unique Active Wallets (UAW).Among a host of other exciting projects Scheduled to explode in 2023the sandbox remains relevant as ever.
The virtual world is still the future
Immersive virtual platforms are gearing up for the momentous year of 2023. The new Metaverse platform offers ways to play, socialize and engage in virtual worlds like never before. For example, the City of Seoul’s new platform, Metaverse Seoul, demonstrates unprecedented attention to detail. Moreover, these platforms have gained worldwide attention and recognition. Time magazine’s best inventions of 2022As the new year and first quarter begin, new projects may emerge and a market recovery may be on the horizon. During this time, virtual land sales are still relatively well thought out to maintain their value.
what the future holds
Virtual worlds and digital assets are preparing for a counterattack this year. As part of this fight back, Sandbox continues to frontline and build its legacy.
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