Decentraland Sees a Record USD 913,000 Virtual Land Sale

Ethereum Gaming Non-fungible tokens
Last updated:
Author
Author
Eimantas Žemaitis
About Author

Eimantas is a copywriter, Bitcoin and crypto journalist, and a life-long media student with a strong drive to explore the intersection between all forms of media, money, marketing, education, and the...

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

Ethereum (ETH)-based open-world virtual reality (VR) game Decentraland just recorded the largest virtual land acquisition in its history. The buyer, virtual real-estate firm Republic Realm paid over USD 913,000 for 259 parcels of digital in-game land, paid in 1,295,000 MANA tokens.

Source: Screenshot / Decentraland Marketplace

The virtual property was packaged as a non-fungible (NFT) LAND token, and constitutes the largest in-game USD sale so far.

Decentraland is a crypto-powered metaverse game with true ownership over all in-game items, its own native currency MANA, and active player-driven in-game economy. It lets players acquire, sell, build, and develop their own items, venues, and services.

Meanwhile, Republic Realm belongs to online investment platform Republic, which has backing from crypto exchange Binance, as well as Galaxy Digital’s Galaxy Interactive, AngelList, and others.

According to NonFungible.com, the previous record virtual land sale was recorded on May 28. At the time, the buyer paid nearly USD 704,000, which was equivalent to 759,361 MANA tokens.

____

Learn more:
Decentraland’s Virtual World Makes History by Streaming SpaceX Launch
VR and Crypto – a Match Made In Reality

Spain’s First Tokenized Property Sells for ETH to Investors in 3 Countries
Japanese Firms Unveil ‘First Real Estate STO’ for New Retirement Home

More Articles

Blockchain News
Crypto Market Maker Wintermute Eyes New York for US Expansion: Report
Shalini Nagarajan
Shalini Nagarajan
2025-02-19 05:50:38
Bitcoin News
Saylor’s Strategy Aims to Raise Another $2 Billion via Convertible Notes for More BTC Purchases
Ruholamin Haqshanas
Ruholamin Haqshanas
2025-02-19 05:31:30
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors