Metaverse Market Analysis: 24-30 October 2022
Welcome to Metaverse Market Analysis! Every Monday we bring you the latest statistics and data on the general state of the Metaverse market. This column is in collaboration with the incredible team at OneLand, a financial platform for virtual lands in the Metaverse.
Highlights:
- Metaverse land cap rises 14% to $1.46 billion on crypto rally, ETH +16%
- Otherside land cap falls 6% – premium sales disappear from the lists
- Trading remains quiet on NFT Worlds as prices begin to correct in anticipation of a year-end beta release
- Trading activity up on the Worldwide Webb as it opens its early access Alpha to all players
Market data and analysis
It could even be that ETH’s rally woke up some FOMO-ing traders OG projects Decentralized country and The sandbox to action – weekly trading volumes increased by 57% and 33% respectively – but also Worldwide Webb (+25%) and BYOPills (+63%). Currently, Decentralized country is gearing up for its second annual Metaverse Music Festival, which takes place 10-13 November (where OneLand will participate) while The sandbox is ending its 10-week Alpha Season 3 (don’t forget to check our upcoming October Monthly Report for a performance comparison with AlphaS1 and 2).
Over at NFT Worldsas the development team pushes forward with its new game, prices have corrected slightly in recent weeks to return close to 1 ETH, after hitting as low as 0.73 on September 10. That’s still a far cry from the 3.72 ETH ($5,840) before July 20 when Microsoft banned NFTs from Minecraft and forced NFT Worlds‘ pivot, while trading volumes remain low, down 23% for the week as society waits and watches while in a bear market. But with a Beta on the way, a blockchain game integrationforthcoming Game Jam and some more marketing at stake will be interesting to watch in the coming months.
Trade and price promotion at Worldwide Web has been lackluster, but October has been a better month than September for the NFT integration superstar. Trading volume and sales figures improved 24.8% and 50% for the week, as the project was released news coming at the end of the week (Halloween), its Alpha would open to all players!
Top Selling Metaverse (7D)
Metaverse Tokens (7D)
OneLand 7-day data shows market cap on land for the 10 metaverse projects on OneLand up a significant 14%, in USD, to over $1.46 billion. A 16.6% rally in the price of ETH (total crypto market cap +7.85%) was the reason, with total land cap in ETH terms actually down 2.3%. ETH wasn’t the only solid weekly performer, with most cryptos including metaverse-based tokens SAND (+15.8%), MANA (+8%), CUBE (+9.4%) and WRLD (+27, 5%), which all bounce back.
Aggregate trading volume was up almost 3% for the week, and this time it can’t just be attributed The other sideas country cap (-6.1%) and trade volume on Other deeds (-18.6%) fell for the week. (A peak sale of just 17.5 ETH certainly helped.)
For comprehensive market and Metaverse project data, find out more at oneland.world and stay tuned for the latest updates at Twitter.
Stay up to date with the hottest metaverse news >> Here
Want more? Connect to NFT Plazas
Join the weekly newsletter
Join our Discord
Follow us on Twitter
Like us on Facebook
Follow us on Instagram
*All investment/financial opinions expressed by NFT Plazas are from personal research and experience of our site moderators and are intended as educational material only. Individuals are required to research all products before making any type of investment.
Ivelina is the content maestro of NFT Plazas. She has an ability to put complex concepts into simple words.
