Welcome to Metaverse Market Analysis! Every Monday, we bring you the latest stats and data on the overall state of the Metaverse market. This column is in partnership with the incredible team from OneLand, a financial platform for virtual LANDs in the Metaverse. This week brings the OneLand Metaverse Market Analysis stats for Oct 16 – 22.
OneLand 7D data shows aggregate LAND market cap for the 10 listed projects on OneLand rising by 3.27% to 678,221 ETH (+9.53% to $1.128bn).
The upsurge particularly in USD terms occurred on the back of a crypto rally of 6.86% – to $4.52bn – which saw $ETH rise a similar 6.8% to $1,664.32.
Most Metaverse tokens accordingly saw a positive week (with the exception of Somnium Space’s $CUBE), with $APECoin +6.75%, $SAND +6.9% & $TOPIA +26.38%.
Otherside LAND market cap rose by more than 12,000 ETH this week (+2.29%), and not too surprisingly, on the back of CEO Daniel Allegre stating that the Metaverse gaming project was now (finally?!) a priority.
Overall, it was a positive week economically speaking with a pickup in both sales (+31%) & trading volume (+68.1%) of Otherdeeds, which included a 2-month high sale of 15 ETH.
Worldwide Webb’s announcement Wednesday of their exciting new play-test (which begins this Tuesday, almost exclusively to holders of Apartments) set off a relative barrage of trading, which led to its top daily sales count in more than 3 months.
There were no big priced or Penthouse sales, but both floor and average prices peaked, while volume soared 310.6%, as sales numbers (+225%) more than tripled from the previous week.
With BYOPillsfans now seemingly busy playing the BYORacer, spiked trading activity of the last 5-6 weeks in BYOLands subsided this week, as its 7D sales count & volume retreated 52.8% & 62.5% respectively.
Meanwhile at HYTOPIA, records are being set each week as LAND market cap surpassed 20k in ETH for the first time, including a top sale of all time for the project at 12.88 ETH.
For explanations of our data calculations, check docs.oneland.world/. For Metaverse market and project data, check oneland.world.
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