The Annual Decentraland real estate report is now available, and it makes for some interesting reading. Delivered by Skyvest Capital, the report offers an in-depth look at different parts of Decentraland. The report also focuses on the overall performance in 2021 and gives statistics to back it up.
Last year was a breakthrough year for the metaverse, particularly for Decentraland. It is one of the most successful metaverse companies globally and has seen massive growth over the past 12 months.
What does the Decentraland real estate report tell us?
First of all, it was a remarkable year for the company. The official Decentraland coin, MANA, has risen in price significantly. At the start of 2021, it was around $0.08, with a daily volume of $24 million. However, now the cost is $2.80 with a total volume of over $502 million in daily volume. The Decentraland real estate report highlights how this has dramatically risen over 12,000% since 2017.
Shortly after the Facebook Meta announcement, the price shot up to $5.85 with over 10 billion in daily sales. Moving forward, Decentraland will want to achieve this price again.
The Decentraland real estate report also looks at virtual Land sales and total Land transactions. It is important to note that virtual real estate appreciates alongside the value of MANA. Because MANA has risen so high, the price of Land has too.
Virtual land prices do not adjust based on the USD value. Due to the Meta announcement, as with MANA, Land skyrocketed in the fourth quarter of 2021.