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Welcome to our new Metaverse Market Analysis column! Every Monday we bring you the latest statistics and data on the overall state of the Metaverse market. This new column one landMetaverse virtual land financial platform.
Seven-day data from OneLand shows that the total land cap of the seven metaverses has declined for the 11th consecutive week (-4.67%), trading volume has increased by 15%, and holders have remained stable (-0.15%).
The land cap decline represents the biggest weekly rate of decline since July (like last week), but that’s largely due to our two biggest projects, The Sandbox and Otherside. Otherside’s top sale prices continue to fall. On top of that, some flippers may have cashed in as ETH’s price continues its recent upward trajectory, rising another 14% this week.
in the meantime, Decentraland enjoys minimal upturn Weekly land caps turned green for the first time in 6 weeks for all metrics.
sandbox For the first time in over a month, both LAND’s weekly sales (48%) and transaction volume (+52%) increased, but it did little to stop another transaction. Decrease in overall market capitalization (-4.85%) as the average price (+2.9%) failed to recover from last week’s 18.6% drop.
The number of unique holders also continues to decline, albeit slightly, by 0.15% weekly and 1.75% monthly. Not entirely strange in a bear market, but in contrast to other metaverse projects such as Decentraland and Voxels. Meanwhile, The Sandbox continues to keep the hype alive with community incentives like the VoxEdit competition with Swedish art-tech project Picture This, where you can win 30,000 SAND, with big hits this week in the form of celebrity Paris Hilton.
Despite trading activity at Decentraland, including estate purchases and other top-price sales, have declined over the past few months, and are signs of an economic recovery since average sales prices fell to nearly match The Sandbox prices at the start of the month. is beginning to appear. Last week, the tide turned on the comparison for this particular metric, but this week it also narrowed the land market cap gap.
After a moderate flattening of performance across key metrics in the first week of August, the second week saw better results in both sales and transaction volumes, up 56% and 88% respectively.supported by Average selling price increased by 16.7%Decentraland was able to enjoy the first weekly improvement in land market capitalization (+1.8%) over the course of six weeks.
this week voxel Only 30 land parcels were sold, compared to 41 last week. Weekly drop Across all major indicators, thus returning to the new norm of lower average prices and lower land caps over the previous week. Additionally, there were no significant sales to report, with a trading volume of just 17 ETH, and an average selling price down just 0.05 ETH from the end of July.
A quick look at owner analysis in the metaverse often serves as a counter-argument to darker data. The Voxels community also has unique owner counts every week, month, and arguably, every year. So some “hodlers” may give up the land, but the strength of a stalwart community is in voxels, voxels should not be too upset, but on the contrary, more parcels for future rewards We believe there is a potential opportunity to purchase
Somnium Space enjoyed the highest number of sales (13) and highest trading volume (20 ETH) this week since the same period last month. This was another great result for the Metaverse, all the more so given the fact that both the price of ETH (+63%) and Somnium Space’s native token CUBE (+35%) rose significantly over the same period. is.
total land Weekly market capitalization decreased slightly (-1%) It follows the lowest price of the top sale since the end of June (2.11 ETH). Notably, in his last two days of the week, he recorded five sales and more than half of his weekly sales, as Somnium announced a virtual reality fashion show coming up next month. .Cross-reality phygital event featuring IRL fashion models with full-body tracking and haptic suits takes place simultaneously in Prague And the Metaverse, the undisputed leader in VR virtual worlds, like never before.
Somnium Space’s CUBE token, on the other hand, held off somewhat from last week’s 41% surge, but managed to lose just 7.5% for the week.
It’s been a busy week full of good news on the Worldwide Webb. Transaction volumes were up 6.1% week-on-week, with 105 apartments sold compared to last week’s 84. Integration of NFTs into the platform Against the backdrop of last week’s landowner alpha update and overall positive signs that the economy is picking up on the WorldwideWebb (including the sale of 25 ETH last week).
The big name this week is Immutable X, and WorldwideWebb has announced a partnership with Layer 2 solutions to hyperscale the metaverse. A partnership with GameStop NFT was also announced. This follows last week’s other announcements regarding his famous NFT project Moonbirds and his collaboration with fellow metaverse Treeverse.
Worldwide Webb also returned to the party wagon this weekend with the famous Teshimi party to celebrate the Deadfellaz project’s first anniversary. The project is seeing an upward trajectory with new friends joining in and old friends returning to the fold the number of unique holders for this project is only 0.15% he’s up 0.15% but this is a recovery and the numbers This is the first increase in months.
NFT Worlds continues to be affected by the July hit when Minecraft banned NFTs on its servers. This week was no exception. OneLand data shows that all key metrics were in the red for his second straight week. People continued to sell their World, putting more and more downward pressure on its average price, dropping another 16% to 0.89 ETH over the course of the week.a 1.35 ETH Weekly Top Sale Also, in the history of the project so far, it’s really far from it.
The land cap for P2E gaming projects is down 6% this week, after falling 7% for three straight weeks, and is down 23% overall since Minecraft’s hammer fell on the project. NFT Worlds has not yet given a deadline for the restructuring of the metaverse, but has made a formal announcement. Nonetheless, the team runs weekly Twitter Spaces to stay in touch, with 2,200 listeners tuning in to stay up to date.
Otherside’s transaction volume (+16%) and sales (+27%) both increased significantly compared to last week. Otherdeeds’ total sales this week reached 526, well ahead of all other virtual world projects. The average price has fallen for four consecutive weeks, This time it is 3.33 ETH which is 7.6%.
Otherside’s weekly top sale price also continues to drop, hitting just 19 ETH in the last 7 days. Possibly influenced by ETH’s rising price, it stands in stark contrast to the last four weekly top sales of 30, 75 and 135. and 154 ETH.
For comprehensive market and metaverse project data, visit one land world Follow us to get the latest updates twitter.
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*All investment/financial opinions expressed by NFT PLAZA are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.
Metaverse virtual land financial platform.
