Decentraland “LAND”s back into the limelight; will MANA reciprocate

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Decentraland recently launched LAND Rentals on its marketplace LAND NFT collection has since seen a jump in floor price and market capitalization The year 2022 has been challenging as non-fungible tokens (NFTs) continue to suffer a decline in sales volume. To change the narrative around the same, leading metaverse-based project Decentraland [MANA] recently introduced LAND […]

Decentraland’s recent move could be traced back to a declining interest in its NFT collection.

“Since the launch of rentals, only a week ago, already 200+ listings have been posted by LAND owners!”The decision to bring LAND rentals to its NFT marketplace led to a significant jump in the floor price of LAND NFT, data fromrevealed. According to the NFT data analytics platform, the floor price of LAND NFT jumped by almost 500% in the last 24 hours. In the last week, this was up by 1000%.

 

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