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 partnership with the amazing team at OneLand, a financial platform for virtual lands in the Metaverse. This week brings the OneLand Metaverse Market Analysis statistics for February 13-19, 2023.
OneLand date shows total territorial limits (7D) for the 10 listed metaverse projects down 0.68% to 935,764 ETH, but up 11.2% in USD, as both $ETH and total crypto market cap they had a positive week. Trading volume in USD terms increased by an incredible 29%, thanks to 7-day gains from both the sandbox (13.2%) and, in particular, Other side (+24.3%).
Overall, there were a lot more sales last week, but at lower prices: 7 of the 10 projects listed posted higher sales counts, coinciding with lower average prices across the board. More buyers were propelled into the VRE metaverse market this week, so it makes sense that they would get in on the lower end, at least in terms of the value of their coins in the wallet (i.e. crypto).
Context:
- Sales (-21%) and volume (-27.2%) of decentralized LAND has been on a downward trend since the beginning of the year, particularly since hitting its 8.5-month high daily trading volume on Jan. 3.
- NFT Worlds has passed decentralized both in volume (-16%) and in sales (-5.4%) for more than a month.
- Metaverse tokens increase ($SAND +11.4%, $MANA +9.1%, $WRLD +7%) – in line with $ETH (+11%) and the overall crypto market (+9.8%).
Stand out: worldwide website
worldwide website Apartments posts a Saturday ripper, posting a massive 191 daily sales, more than double that of Otherside.
It caused the weekly sales volume to skyrocket 449% to 77.94 ETH thanks to 247 separate transactions (+474%).
An oversell of 9.0 ETH was included for a Penthouse, only the second sale above 2.55 ETH in the last 8 months. But even this couldn’t raise the ground cap in terms of ETH (-1%), as a bunch of ETH trades below 0.3 on the day drove the daily average price down 8.8% below its current 30-day average.
But in USD terms, worldwide website The 7-day land cap rose 10.8% in line with the total land cap of projects listed on OneLand and the broader crypto market.
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For explanations of our data calculations, see https://docs.oneland.world.
For full metaverse project and market data, see oneland.world.
Join us on Tuesdays at 5am UTC (that’s Paris 6am, Beijing 1pm). Metaverse data analysis. In the process, we’ll show you how easy it is to navigate oneland.world and refine the data you want.
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*All investment/financial opinions expressed by NFT Plazas come from the personal research and experience of our site moderators and are intended for educational purposes only. People are required to fully research any product before making any type of investment.
Financial platform for virtual land in the metaverse.
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