Welcome to Metaverse Market Evaluation! Each Monday, we carry you the most recent stats and knowledge on the general state of the Metaverse market. This column is in partnership with the unimaginable crew from OneLand, a monetary platform for digital LANDs within the Metaverse. This week brings the OneLand Metaverse Market Evaluation stats for Oct 23 – 29.
Stake your TheSandbox LAND & earn 2.69%* APY. Stake your $SAND & earn 7.51%* APY (*10.30.2023)
OneLand 7D knowledge reveals 10-project mixture LAND cap steady in ETH, +0.05% for the week to 664,849 ETH.
In USD, nevertheless, LAND caps surged 7.95% to $1.194bn. ETH’s worth — up 7.89% to $1,795.59 — set the agenda for Metaverse LANDs, with one other BTC-inspired 7D crypto rally seeing complete crypto capitalization shoot up 11.4%.
HYTOPIA kicked off final week by celebrating a cool injection of $3 million led by Delphi Ventures. It ended it with LAND market cap up 2.76% to twenty,588 ETH, one other 100+ ETH of weekly quantity, and one other bumper high sale of 11.44 ETH.
In the meantime, Otherside noticed a second consecutive 7D rise in LAND cap after pulling in approx. 200 ETH in gross sales for a second week operating, fueled by a 23 ETH Otherdeed commerce, its costliest in 2 months.
It was an thrilling week at Worldwide Webb, with the enjoying neighborhood revved up by its week-long Playa play-test. Gross sales of Flats (+33.3% to 52) boomed to its highest 7D rely in close to 4 months, incl. a wholesome high sale of 4.49 ETH that noticed volumes up 183.67% to 12.32 ETH.
True that LAND cap (+0.13%) and costs hardly budged, however you can not put a worth on both hyped vibes or plenty of neighborhood suggestions. Holder numbers (down 8.6% prior to now yr) even bucked the development, up barely to 4,045.
Moreover, LAND buying and selling was quiet final week at Arcade (quantity -88.8%), BYOPills (-78.7%) and Decentraland (-69.1%).
Even in a busy world like Decentraland, greater costs (than different tasks, bar Otherside & HYTOPIA) will all the time imply few gross sales in a bear market; this week noticed simply 7, the mission’s LANDs cap falling by greater than 5k ETH to 135,483 ETH. However it might even be that few are prepared to promote out of the OG Metaverse – LAND holder numbers maintain rising.
The rally within the cryptocurrency market, in the meantime, noticed Metaverse tokens $MANA (+26.7%), $APE (+22.7%) and $SAND (+16.1%) up for the week.
—
For explanations of our knowledge calculations, examine docs.oneland.world/. For Metaverse market and mission knowledge, examine oneland.world.
—
OneLand is a 1-stop MetaHub — offering Metaverse knowledge & analytics, LAND NFT market, LandFi instruments and Metaverse MediaHub. Our mission is to make it straightforward to find, entry, keep tuned to, analysis and spend money on the Metaverse tasks you like most.
Need extra? Join with NFT Plazas
Be part of the Weekly NewsletterFollow us on TwitterLike us on FacebookFollow us on Instagram
*All funding/monetary opinions expressed by NFT Plazas are from the non-public analysis and expertise of our web site moderators and are meant as academic materials solely. People are required to completely analysis any product prior to creating any form of funding.
Digital artwork fanatic who brings a novel perspective to NFT information.
