Welcome to Metaverse Market Analysis! We are excited to bring you the latest stats and data on the overall state of the Metaverse market. This week, we are partnering with the incredible team from OneLand, a financial platform for virtual LANDs in the Metaverse, to provide you with the OneLand Metaverse Market Analysis for the week of October 16th to 22nd.
OneLand’s 7-day data shows that the aggregate LAND market cap for the 10 listed projects on their platform has risen by 3.27% to 678,221 ETH, which is an increase of 9.53% to $1.128 billion in USD terms. This upsurge in USD terms is largely due to a crypto rally that saw the price of ETH rise by 6.8% to $1,664.32 and the overall market cap of the crypto market increase by 6.86% to $4.52 billion.
Most Metaverse tokens had a positive week, with the exception of Somnium Space’s $CUBE. Tokens like $APECoin saw a 6.75% increase, $SAND saw a 6.9% increase, and $TOPIA saw an impressive 26.38% increase in value.
OtherSide LAND, a popular Metaverse gaming project, also experienced a rise in market cap this week. The market cap increased by more than 12,000 ETH, which is a 2.29% increase. This can be attributed to the CEO, Daniel Allegre, stating that the project is now a priority.
Economically speaking, it was a positive week for the Metaverse market. Sales increased by 31% and trading volume increased by 68.1% for Otherdeeds, which included a 2-month high sale of 15 ETH.
One notable event this week was the announcement from Worldwide Webb about their new play-test, which begins this Tuesday. This announcement led to a relative barrage of trading, resulting in the top daily sales count for the project in over 3 months. While there were no big priced or Penthouse sales, both floor and average prices reached their peak, and volume soared by 310.6%. Sales numbers also more than tripled from the previous week, with a 225% increase.
On the other hand, trading activity for BYOLands subsided this week. With BYOPills fans seemingly busy playing the BYORacer, there was a decrease of 52.8% in the 7-day sales count and a 62.5% decrease in volume.
Meanwhile, at HYTOPIA, records are being set each week. The LAND market cap surpassed 20,000 ETH for the first time, including a top sale of all time for the project at 12.88 ETH.
In conclusion, the Metaverse market has seen a positive week with increases in market cap, sales, and trading volume. With new developments and exciting projects in the pipeline, the Metaverse continues to grow and attract investors. Stay tuned for next week’s Metaverse Market Analysis for more insights and updates.
For more information and detailed data calculations, you can check out the documentation on OneLand’s website at docs.oneland.world. For the latest Metaverse market and project data, visit oneland.world.
OneLand is your one-stop MetaHub for Metaverse data and analytics, a LAND NFT marketplace, LandFi tools, and a Metaverse MediaHub. Their mission is to make it easy for you to discover, access, stay tuned to, research, and invest in the Metaverse projects you love the most.
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Please note that all investment and financial opinions expressed by NFT Plazas are based on personal research and experience and are intended for educational purposes only. It is important for individuals to fully research any product before making any kind of investment.
