Welcome to Metaverse Market Evaluation! Each Monday we deliver you the most recent stats and information on the general state of the Metaverse market. This column is in partnership with the unbelievable workforce from OneLand, a monetary platform for digital lands within the Metaverse. This week brings the OneLand Metaverse Market Evaluation stats for March 6 – 12, 2023.
OneLand 7-day data exhibits one other secure week of combination land caps for the ten tasks listed, up 0.63% to 933,202 ETH (or $1.445bn). Actually, all suffered 7-day dips in market cap apart from Otherside which YTD is on a bull run. ETH was up 1.4% for the week.
7-day buying and selling volumes have been down throughout the board, aside from NFT Worlds and BYOLands.
Context:
- The Sandbox was not the one challenge to expertise meagre Lands buying and selling quantity final week, however 18 gross sales (down 74.6%) was a determine so paltry that it was solely final seen in 2020.
- NFT Worlds was an exception, with buying and selling motion rebounding following final week’s dip. 7-day gross sales and buying and selling quantity rose 50% and 71.2% respectively, with a 4.9 ETH sale representing its highest in 6 months.
Spotlight: Otherside
The intent was to not shine the sunshine on Otherside once more this week, however that concept went out the window as quickly as Yuga Labs dropped the discharge date for The Second Journey. Instantly, commerce in Otherdeeds dropped off considerably as HODLers HODLed.
Metaverse land caps have been down throughout the board this week – other than Otherside, after all, which rose one other 3.85% to go the cool half-a-million ETH mark. Common costs have been rising YTD, nonetheless this week they soared 35.77% to six.36 ETH – about $10,000!
Otherdeed holder numbers have been dropping week-on-week for 8 months, however not solely did they stabilize (-0.1%) this week, they went up as quickly because the announcement got here. HODLing seems the secret now, as die-hard Voyagers wrestle to comprise themselves for March 25. Count on prices to maintain ticking upwards earlier than then?
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For explanations of our information calculations, verify https://docs.oneland.world.
For complete metaverse market and challenge information, verify oneland.world.
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