NFT REVIEW MARKET
Welcome to Metaverse Market Analysis! Every Monday we bring you the latest stats and data on the overall state of the Metaverse market. This column is in partnership with the incredible team from OneLand, a financial platform for virtual lands in the Metaverse. This week brings the OneLand Metaverse Market Analysis stats for May 1 – 7, 2023.
Meta Rankings — Market Cap (7D)OneLand 7-day data shows aggregate land market caps for the 10 listed metaverse projects down 2.33% to 793,750 ETH, or $1.49b (-1.84%). $ETH ended the week down just 0.42% to $1,872.48, while metaverse tokens including $SAND (-5.17%) and $MANA (-7.27%) suffered bigger losses.
Top Weekly Performer by Average Price / Metaverse Heat Index (7D)Sales counts and trading volume were down for most metaverse projects this week, major exceptions being The Sandbox (+139.5%) and Decentraland (+19.7%). Trading at BYOPills, Somnium Space (-100%), Voxels (-36%) and Worldwide Webb (-51%) were all down significantly over the past 7 days, and particularly since the start of April. It mirrored global NFT sales, which tumbled another 12%, now down by more than 50% over the past month.
The Sandbox picked up its top sale in over a year just days ahead of the official kick-off of its MegaCity3 LAND sale. LAND #82768 passed hands for 300k $USDC, just over 160 ETH, on Apr 6, increasing its 7-day average price (+133%) and volume (+140%), but not its total land cap which fell 3.2% on the back of a lot of much cheaper sales.
Cheap sales brought down The Sandbox LAND cap, regardless of its top sale in 13 months.Otherside also picked up a big sale, with 200 ETH for an Otherdeed the top sale in 6 weeks.
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For explanations of our data calculations, check docs.oneland.world/. For comprehensive metaverse market and project data, check oneland.world.
OneLand is a 1-stop MetaHub — providing Metaverse market data & analytics, a Land NFT marketplace, LandFi tools and Metaverse MediaHub. Our mission is to make it easy to discover, access, stay tuned to, research and invest in the metaverse projects you love most.
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