A look at Decentraland's data and why people are paying up to $175k for virtual properties

Decentraland is one of the most ambitious projects in the crypto space. In a world where virtual reality is estimated to grow a compound annual growth rate of 40%, the Decentraland team hopes to become a dominant player in a potentially lucrative market. 

Decentraland can be described as VR-enabled Second Life built on a blockchain. For those unfamiliar, Second Life is a game where players can create virtual avatars to explore a digital world. On Second Life, players purchase land, build homes, and interact with their fellow players. One interesting thing that Second Life helped pioneer is the adoption of virtual economies.