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 15 – 21, 2023.
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OneLand 7-day data shows land market cap for the 10 listed metaverse projects stable, up 0.22% to 776,406 ETH (or $1.401bn, +0.54%).
Land caps of several projects – most notably Decentraland (-6.1%), but also Worldwide Webb, Voxels, BYOPills, Treeverse and Arcade – appear to be on a downward trend since the start of April. But The Sandbox LANDs market cap increased this week, up 5.2% on the back of a couple 50 ETH+ sales, and is nearest to the market cap of Decentraland since flipping it in July-Aug.
Metaverse tokens were back in positive territory this week, both $SAND (+2.0%) & $MANA (+4.35%) enjoying their first 7-day increases in over a month.
Some are stipulating the buzz surrounding the impending release of Apple’s mixed-reality headset is the cause. Indeed, it may have led to some traction returning to VR metaverse Somnium Space, which enjoyed 5 sales this week, impressive when you realize there was only 1 other sale in the whole of May.
Meanwhile, Otherside claimed its third 100 ETH+ sale in consecutive weeks.
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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
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