A plot of land with digital land has just been sold in the meta-verse for $ 2.43 million – more than most homes in NYC and San Francisco | Currency News | Financial and business news

Decentraland is one of the most popular metavers.

Decentraland press set

• A piece of digital land has just been sold for $ 2.43 million in Decentraland, one of the most popular metaverse environments.
• The metaverse property just tops the average house price in Manhattan, beating the San Francisco average by about $ 1 million.
• Metaverse-related coins have skyrocketed recently, with Decentraland’s Mana coin rising almost 60% in the last week.

Real estate is booming in the metaverse.

A piece of digital land in Decentraland – an online, virtual-only environment – sold for a record $ 2.43 million in cryptocurrency on Tuesday, more than double the previous record high for virtual real estate of more than $ 913,000.

It’s also slightly higher than the average house in Manhattan, and well above prices in the other neighborhoods as well as in San Francisco.

Metaverse Group, a subsidiary of Tokens.com, completed the purchase of a piece of digital land for 618,000 MANA, or about $ 2,428,740 at the time, according to a Decentraland spokesman and a statement from Tokens.com. MANA is Decentraland’s cryptocurrency used by users to buy and sell assets in the virtual space.

Tokens.com said it will use the “116 detached property in the heart of the Fashion Street district” in Decentraland to expand into the digital fashion industry.

To be safe, housing in the US financial and technology capitals is still more expensive on a square foot basis.

A parcel of land in Decentraland corresponds to 52.5 square feet. The Tokens.com purchase is roughly equivalent to 6,090 square feet of land – well over the 1,150 square feet of an average home in San Francisco. That comes out to about $ 400 per square foot in Decentraland versus $ 1,200 in San Francisco.

Interest in the meta-verse has risen sharply since Facebook renamed itself Meta. Enthusiasts are buying land in the metaverse as a speculative investment, and other digital properties have also been sold at large price tags.

Crypto-tokens associated with the rising metavers have risen recently, with MANA rising almost 60% in the last week.