Decentraland has seen unprecedented progress since its inception in 2017. The report beneath supplied by Skyvest Capital takes a have a look at numerous segments and the way the Decentraland actual property market has carried out in 2021.
The coin alone has appreciated roughly 12,000% since its ICO in late 2017. The token gained important traction in a single day when Fb introduced its rebranding to Meta. The rebranding solidified the metaverse business as a sector on the verge of huge progress. The coin reached an all-time-high of $5.85 cents and at present fluctuates between $2 and $3.
Land Gross sales
Decentaland noticed an unpreceded growth in land gross sales quantity in 2021. That is largely as a consequence of MANA’s appreciation over the past 3 years. The value of digital actual property appreciates with the worth of the cryptocurrency. Digital land costs don’t modify based mostly on the USD worth. Digital land costs are listed in MANA costs. As MANA goes up, the listings don’t modify to the earlier USD worth.
In consequence, land costs considerably enhance when the crypto forex appreciates. Particular land values can demand both discounted or premium pricing. Pricing is dependent upon quite a lot of elements together with location, dimension, foot visitors and highway entry. As displayed within the graph beneath, digital actual property quantity skyrocketed within the 4th quarter as a consequence of Meta’s announcement. Digital actual property transaction quantity elevated by about 1,900% from 2020 to 2021.
Complete Land Transactions
The graph beneath demonstrates the variety of complete land transactions between 2018 and 2021. The overall variety of transactions consists of parcels and estates. An property is 2 or extra joined parcels. The variety of transactions has elevated considerably over the four-year time interval. Transactions elevated 65% between 2018 and 2019.
Throughout the next yr, transactions decreased by 15%. 2021 was Decentraland’s breakout yr. The platform’s transaction quantity elevated by 90% totaling 3,939 transactions. The platform noticed a 168% enhance in transactions between 2018 and 2021.
Parcel vs. Property Transactions
The variety of parcel transactions closely outweigh the variety of property transactions per the bar graph beneath. There are far fewer estates on the market than parcels. Giant estates are offered at a 30% premium for his or her lack of stock and rarely buying and selling.
Between 2018 and 2020, parcel transactions remained between 1,000 and a couple of,000. In 2021, parcel transactions elevated 179%. 2021, Property gross sales held an identical development. Between 2018 and 2021, property transactions elevated 116% from 274 to 592.
Common Parcel Value
Between 2018 and 2020, the typical value per parcel stayed round $1,000. In 2021, the typical value per parcel skyrocketed roughly 900% to about $10,000. In 2018, the typical property value was about $8,000 in comparison with about $4,000 in 2019 and 2020.
In 2021, the typical value per property elevated by 1,112%. Estates admire at the next fee than parcels. Giant estates demand a premium value usually north of $20,000 per parcel in right now’s market.
Lively Patrons & Lively Sellers
Lively consumers, lively sellers and complete wallets are metrics to find out the availability and demand of digital actual property. An lively purchaser and vendor are a pockets that’s related to the land market and is actively both shopping for or promoting a parcel or property. Based mostly on the graph beneath, there are considerably extra consumers than sellers available in the market throughout any yr.
Between 2018 and 2021, lively consumers elevated 455% from 435 to 2,416. Lively sellers elevated 196% from 313 to 925. Complete wallets are the whole quantity of wallets who personal Decentraland land.
The overall wallets are a sign of person progress and asset diversification. Extra wallets point out a rising investor base for digital actual property. Within the graph beneath, the whole wallets development is exponentially growing with a transparent inflection level in the course of the Meta announcement.
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Jake is a digital actual property dealer making a market for getting and promoting land in metaverses.