Released

Metaverse Real Estate Market: Sandbox Heatmap ​

In our report “Metaverse Real Estate Market: Sandbox Heatmap” we highlighted one of the most important trends and behavior change in the digital world through the Sandbox, one of the major virtual worlds to help our community understand the mainstreams in the market and opportunities for organisations, governments, regulators, and universities.

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Released

Metaverse Real Estate Market: Sandbox Heatmap

In our report “Metaverse Real Estate Market: Sandbox Heatmap” we highlighted one of the most important trends and behavior change in the digital world through the Sandbox, one of the major virtual worlds to help our community understand the mainstreams in the market and opportunities for organisations, governments, regulators, and universities.

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Sandbox's "land" grew by 15,000% last year

The Sandbox is a land in the form of a square with a side of  40km and is composed of 166,464  parcels of 96x96m. Despite being a virtual world, the Sandbox shares many features of the real world scarcity of land, and price variation based on location and neighbours.

The main goals of the report are to:

  • Identify the journey of digital assets in Sandbox,
  • Provide insights into the transformation from physical world to digital world,
  • Help our community to understand the change of consumer behaviour

The report analyses findings on these key issues:

  1. The growth of Sandbox,
  2. The purchasing journey in Sandbox,
  3. The opportunities in the digital world

Explore our latest research reports

In the News

Owning a Virtual Real Estate in the Metaverse

Huy Nguyen Trieu, co-founder of CFTE joined Citi Global Insights’ Ronit Ghose to discuss the virtual real-estate market in the Metaverse, particularly the Sandbox. Scarcity for virtual lands is created artificially, and extreme volatility/uncertainty is likely as virtual worlds are still in build-mode and not fully live. In 2021, the Sandbox had 65,000 real-estate transactions totalling $350m with most of it in 4Q21. In the Sandbox, a very small percentage of real-estate is traded actively as most land parcels are being bought to hold/develop. The majority of virtual land transactions happen in the secondary market i.e. NFT marketplaces. Huy thinks the TAM for virtual real-estate will be driven by the applications built on top of it e.g. NFTs, DeFi, gaming etc. but inherent risks/concerns around scams and interoperability need to be addressed.

Metaverse real estate investors face valuation puzzle

Analysis of land acquisition in The Sandbox published by the Centre for Finance, Technology & Entrepreneurship (CFTE) last month shows that it is the largest virtual world in terms of transaction volume by some distance. 

The Sandbox has recorded 65,000 transactions in virtual land totalling $350m in 2021 compared to 21,000 transactions with a value of $110m on Decentraland.

Metaverse

Digital Land Grab: Metaverse Real Estate Prices Rose 700% In 2021

The Sandbox is the largest virtual world in terms of transaction volumes, with 65,000 transactions in virtual land totaling $350 million in 2021. It is a virtual land composed of 166,464 parcels of 96x96m, representing a virtual world of 40km x 40km, where participants can play games and participate in virtual experiences.

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© CFTE – Centre for Finance, Technology and Entrepreneurship 2022

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