Welcome to the weekly Metaverse Market Analysis, where we bring you the latest data and statistics on the overall state of the Metaverse market. This column is in partnership with OneLand, a financial platform for virtual lands in the Metaverse.
For the week of May 8-14, 2023, OneLand’s Metaverse Market Analysis stats show the land market cap for the 10 listed projects down 4.65% to 756,821 ETH (or $1.362 billion). ETH fell 3.85% to $1,800.37. Meanwhile, VRE trading volumes were down across the board last week, except for TOPIA Worlds, whose volume rose 140% after resuming trading following its migration from NFT Worlds that concluded on May 5.
When it comes to weekly performers, BYOLands and TOPIA Worlds are the exceptions as their prices have increased. However, other projects saw dips, except for Otherside, which had its second big sale in consecutive weeks with Otherdeed #85720 passing hands for 170 ETH.
On the other hand, Metaverse tokens $SAND (-9.1%), $MANA (-9.8%), and $WRLD (-14.2%) fell for the fifth straight week in line with the larger 7-day slide in the crypto market.
In The Sandbox, the Mega City 3 Land Sale launched on May 11, leading to a flurry of sales. That day registered the project’s highest daily sales count (193) in 8 months, and the highest 7-day count for the year. Overall, weekly sales almost doubled (+97%) those of the previous week.
OneLand is a 1-stop MetaHub providing Metaverse data & analytics, Land NFT marketplace, LandFi tools, and Metaverse MediaHub. Their mission is to make it easy to discover, access, stay tuned to, research, and invest in the Metaverse projects you love the most.
For more comprehensive Metaverse market and project data, check OneLand.world. For explanations of our data calculations, check docs.oneland.world/.
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