Decentralized app (dapp) data, DappRadar, has released a report showing over $100 million has been spent on acquiring metaverse land in the last week.

According to the report, over 6000 traders have visited the four leading virtual worlds, The Sandbox, Decentraland, CryptoVoxels, and Somnium Space, in the last week, with The Sandbox alone enjoying more than $86 million in land sales.

“Virtual worlds carry such enormous potential, and we’re just beginning to see the full array of use cases for metaverse land,” the report read.

In the last 24 hours, bitcoin has been down by 1.09%, with a current price of $56,304.10 as of the time of writing this. Within 24 hours, bitcoin dropped to $55,858.30 low and $59,096.88 high. The trading volume of bitcoin in the last 24 hours is $1.68B. The current market capitalization of bitcoin is $1.06T. Currently, $18.89M bitcoins are in circulation.

Stats and Image from Coin Desk

Decentraland sits at the second position with more than $15 million traded for land plot NFTs, followed by Cryptovoxels and Somnium Space, who made $2.68 million and $1.10 million, respectively.

The report also states that the metaverse is not resting yet as the land value on the metaverse keeps increasing. The meteverse has become a new space for brands, artists, and creators to showcase their work and product to millions of people worldwide, through virtual events.

The Metaverse started attracting massive attention after tech giant Facebook rebranded to Meta. Ever since, large corporations have been showing interest in support for the new virtual world.