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- 1 Metaverse is a completely decentralized digital world offering a virtual immersive experience adopting blockchain.
- 2 Decentraland Metaverse is a virtual space built, owned, and governed by its users, allowing users to discover events, and regions and interact with people.
Decentraland is a human-made 3D virtual world permitting users to buy and sell virtual plots of land over the browser-based platform. The digital gaming platform streams over the Ethereum-based virtual world, gaining fame in the Metaverse. MANA, the native currency of Decentraland, standing at $0.30 at present, is expected to hit $1.992 by the end of 2023 and $10.639 by 2027. The web-based platform emerged as one of the most crucial parts of the Metaverse, considering expensive lands.
Which regions made the Decentraland valuable in the Metaverse? Let’s take a tour of virtual land.
Fashion Street Estate ($2.4 Million)
Fashion Street Estate, a 6,090 square feet virtual land in the Decentraland Metaverse is one of the most expensive land. The district is well known for organizing fashion shows and selling clothes for avatars. On November 23, 2021, Tokens.com, a crypto investment company purchased the 116 land parcels of Fashion Street Estate district worth 618,999 MANA which is around $2.4 Million.
Hacker City ($1.19 Million)
Another most expensive land on Decentraland Metaverse is Hacker City worth $1.19 Million. It is a small coding city situated in Genesis city. The region allows users to gather and develop scripts and items that will be used in the virtual space. The land is considered the cyber hub and was sold on 20 January 2022 worth 425K MANA.
Hotel Booking Marketplace BookLocal ($1.9 Million)
Hotel Booking Marketplace BookLocal is another popular name added to the list of the most expensive lands on the Decentraland Metaverse. The respective property was sold at 210K MANA worth $1.9 Million on 30 November 2021. The same was confirmed by Colin Wu, a Chinese journalist, and is considered among one of the few most expensive properties in virtual space.
Genesis Plaza Estate ($1.08 Million)
Another name revealed as the most valuable property in the Decentraland Metaverse is Genesis Plaza Estate. The place is mainly accountable for welcoming the users to the Metaverse and helping users begin their journey in Decentrland Metaverse. The Massive Genesis Plaza Estate was sold for 210K MANA on 29 November 2021. In addition, Genesis City is the heart of Decentraland and is worth $1.08 Million.
Land Parcel #4247 ($914,000)
Land Parcel #4247, an empty plot located close to the Dragon City made its powerful position in the Decentraland Metaverse. Moving to other directions, the lot is nearer to Gamer Plaza, Crypto Valley, Nifty Passage, and other sites. On June 17, the land parcel was purchased by a user worth 1.300.000 MANA costing $914K. The lot is well-suited for Chinese-style architecture.
Conclusion
Decentraland, a human-made 3D virtual world is gaining popularity in the real world. The purchase of lands over the virtual space just amazed the world. Fashion Street Estate, Hacker City, Hotel Booking Marketplace BookLocal, Genesis Plaza Estate, and Land Parcel #4247 are some most expensive lots in the Decentraland Metaverse.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
