As of May 24, 2023, metaverse lands costs between 0.37 to 1.09 ETH, with prices varying across projects.
The most expensive metaverse land is Otherdeeds by Otherside, at 1.09 ETH. It is a project by Yuga Labs, the studio behind the infamous Bored Ape Yacht Club (BAYC) NFT project. This is followed by Decentraland, which currently trades for 0.64 ETH.
How much is the cheapest land in the metaverse?
As of May 24, 2023, the cheapest land in the metaverse can be found in Voxels for 0.16 ETH.
Formerly known as Cryptovoxels, the collection consists of 7,930 parcels of land with various traits, ranging from size to location. This is followed by Somnium Space, which trades for 0.37 ETH, and The Sandbox at 0.43 ETH.
How much did metaverse land cost at the peak?
At the peak of the NFT bull market, metaverse lands cost up to 7.50 ETH. This was the floor price of Otherdeeds, which traded at 7.50 ETH on May 1, 2022.
The second most expensive collection was Somnium, which traded at 6.05 ETH at the start of 2022 for a piece of virtual land. Decentraland had the third most expensive collection in 2022, at 5.24 ETH. This was followed by The Sandbox and Voxels, trading at 4.20 ETH and 2.59 ETH, respectively.
Virtual land projects have seen floor prices drop drastically between 2022 and 2023. Somnium Space had the largest drop of -93.9% from its peak, followed by Voxels with -93.8%. The other three collections fell less than 90%. The Sandbox dropped -89.8%, Decentraland fell -87.8%, and Otherdeeds with a loss of -85.5%.
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