When crypto values sank this year, prices for virtual land, which is generally bought and sold with digital tokens, also plummeted. Average prices in Decentraland and The Sandbox, two popular blockchain-based online worlds, declined roughly 80% between early November 2021 and the beginning of this month, according to data compiled by analytics company WeMeta. Prices of Bitcoin, the biggest digital coin by market value, sank almost 70% in the same period.
The number of sales also tumbled. In November 2021, Sandbox and Decentraland had more than 6,000 transactions combined, according to WeMeta. Last month, sales fell below 1,000.
‘Enforcement 40’ for 2020
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