_I am the original creator of this article and the original published [article can be found here on my Medium blog account.](https://medium.com/@CrowdConscious/decentralands-virtual-land-sale-stats-data-from-march-a57019a10c8a)_
[Decentraland LAND Marketplace](https://market.decentraland.org/)
Decentraland, a decentralized user-owned virtual world on the Ethereum blockchain, **launched their virtual land marketplace on March 19th, 2018**. Late last year, Decentraland finished their first-ever Terraform event in which **70,399 parcels of land were generated**. Participants **spent just over 161,000,000 MANA tokens** on this virtual land. This is **approximately $10m** worth of virtual land at today’s MANA token price.
The Decentraland land marketplace launched as a way for users to sell their land or, for those who might have missed the Terraform event, to snag a plot of land in the Metaverse. _Ready Player One_ could not have come out at a better time.
**If you need to read up on Non-fungible Tokens (NFT’s)**, here’s a great article explaining what they are:
- [Crypto Collectibles/Non Fungible Tokens (NFTs) : The Killer App for the Blockchain](https://medium.com/@Manuel_Zeiler/crypto-collectibles-non-fungible-tokens-nfts-the-killer-app-for-the-blockchain-96fe229b7b57)
# Land Parcels Sold in the Secondary Market
<iframe width="700" height="393" src="https://www.youtube.com/embed/-HmXrOTEmxg" frameborder="0" allow="autoplay; encrypted-media" allowfullscreen></iframe>
https://decentraland.org/
Since the launch of the Decentraland land marketplace, a third-party called NonFungibles.com has released a helpful tool to help us track the sales of land. **[According to the website](https://nonfungible.com/pages/index.html)**, over 8**50 parcels of land have been exchanged** within the Decentraland marketplace.
As I type this article up, there are over **2,100 parcels of land** on the marketplace of the **70,399 minted** parcels. Currently, the **lowest price a parcel is listed at is 7,490 MANA** and the highest, removing unrealistic outliers, is around **10,000,000 MANA.**
# [NonFungible.com](https://nonfungible.com/pages/index.html) — Data So Far
**Data Source:** https://nonfungible.com
**[NonFungible.com](https://nonfungible.com/pages/index.html)** is a website that has **recently surfaced by one of the Decentraland community members** to act as **a tool for the community to have a transparent data-source to find past LAND sales**. Verifiable data is extremely important to understanding the health of any economy, but **even more when we’re discussing virtual world economies**.
For now, the _[NonFungible website](https://nonfungible.com/pages/index.html)_ is in its early days and is very basic. **I extrapolated the data from the website** and crunched the numbers to provide you with a daily overview of March’s LAND sales in the chart above.
The month of March had **13-days of transactions** with an **average of 60 LAND transactions occurring daily**. The **average parcel of LAND sold for 20,527 MANA** and **March 22nd saw the largest transaction for LAND** in the secondary market with a **price of 2,000,000 MANA**. At today’s MANA/USD rate ($0.073998), that is **approximately $147,996.** The **lowest price LAND** was sold for in the auction **was 2,000 MANA**, approximately **$148** at today’s rate.
It _may seem a bit weird_ for **somebody to pay $150,000 for a parcel of virtual land**, but weirder things have happened before this Decentraland land auction — **CryptoKitties**, another NFT, have **sold for higher than $100,000 as well**. Think of **Decentraland as being a virtual world you can go play with your digital collectible in**, provably rare digital collectible. Add that **virtual worlds like Second Life have reached over a $600m economy**, _this is just the beginning_.
Follow along for more articles about crypto/blockchain projects and feel free to comment on here with your thoughts, insights or suggestions!
# Below are some resources for beginning cryptocurrency enthusiasts or others interested in something new:
* **[History of Cryptocurrency Exchanges](https://keepingstock.net/binance-exchange-fueling-a-hot-new-era-of-token-based-exchanges-models-ecb5559ac623)** — insightful look into the token-based exchange model and how exchanges have evolved.
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