Welcome to Metaverse Market Evaluation! Each Monday we deliver you the newest stats and information on the general state of the Metaverse market. This column is in partnership with the unimaginable staff from OneLand, a monetary platform for digital lands within the Metaverse. This week brings the OneLand Metaverse Market Evaluation stats for February 6 -12, 2023.
OneLand data exhibits whole land caps (7D) for the ten metaverse tasks listed up 1.05% to 942,217 ETH.
These of Otherside, The Sandbox and NFT Worlds all elevated, whereas Decentraland fell 3.5% to dip beneath 250k ETH. In USD phrases, nonetheless, land caps fell by 7%, reflecting the same 7% 7-day loss for $ETH.
Context:
- $SAND rocketed 28% to $0.92 on Feb 7 as The Sandbox signed a MOU with the Saudi authorities to work collectively on the long run Metaverse (see Market Information). However the beneficial properties have been bought in 48 hours, $SAND ending the week -4.9% to $0.70 (up 83% YTD).
- $SAND, $MANA (-10.8%) and $ETH (-7%) skilled a second week of corrections from January rallies.
- Buying and selling exercise at NFT Worlds continues to chill from January, recording 20% much less quantity and 30% much less gross sales WoW, whereas native token $WRLD additionally corrected 29.5%. However perceived worth nonetheless seems to be wholesome (common worth +13%), with an NFT World bought for 3.69 ETH its 2nd high sale in 5 months.
Spotlight: Otherside
Month-to-month NFT gross sales hit $1bn in January for the primary time since Might final yr. Yuga Labs’ NFT collections accounted for a full 34% ($324m) of it, in addition to all Prime 5 by quantity – its blue-chip metaverse dream Otherdeeds ranked #4.
160 ETH for an Otherdeed on Feb 9 was the highest sale since Sep 27 (although it came with a BAYC NFT!), pushing the 7-day Common Price up 33% to 4.1 ETH. YTD, each Common Value and Ground Value are up, 18.7% and 17.9% respectively.
It additionally lifted Otherdeeds’ land cap by 3.26% to 434,793 ETH (or $652.8m). Complete land cap for Otherside is already up 13% YTD, and 20% since hitting an ATL of 362k ETH in November.
Otherdeeds’ WoW commerce quantity of 1486.68 ETH ($2.33m) (+16.2%) dwarfed 2nd-placed The Sandbox with 112 ETH by an element of 13, as anticipation continues to construct in the neighborhood for the approaching Otherside.
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