Research

A look at Decentraland’s data and why people are paying up to $175k for virtual properties

Quick Take

  • From January 21, 2018 through October 22, 2018, Decentraland recorded close to 39,000 transactions representing $23.5M in MANA spent
  • September was the most active month, in terms of economic activity, for Decentraland with 1,110 transactions representing approximately $1.5M in MANA spent
  •  The highest price paid for a parcel of LAND is ~$175,000. The average price paid for a parcel of LAND is ~$602, while the median price is ~$164

Decentraland is one of the most ambitious projects in the crypto space. In a world where virtual reality is estimated to grow a compound annual growth rate of 40%, the Decentraland team hopes to become a dominant player in a potentially lucrative market. 

Decentraland can be described as VR-enabled Second Life built on a blockchain.