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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 January 30- February 5, 2023.
OneLand 7-day data showed total land market cap for the 10 metaverse projects listed on oneland.world stable for the week – up 0.2% (in ETH terms) to 421,064 ETH, or $1.52 billion (-1.86%). It reflected the cryptocurrency market, which has overall held on to its YTD gains, ETH -0.88%.
Context:
- NFT Worlds’ 7-day trading volume (106 ETH) exceeded that of 2023’s first 3 weeks combined, yet unsurprisingly corrected (-66%) from its stellar 4th week (321 ETH). Market cap is up another 2.1% to 33,226 ETH.
- BYO Lands’ top sale of 2.0 ETH was its second highest sale in the past 4.5 months.
- Worldwide Webb recorded its highest sale of an Apartment (12 ETH) in 6 months.
Highlight: Voxels
Voxels witnessed a “special boom” to its weekend data as trading activity soared to 45 sales across Sat and Sun and its highest daily volume (10.64 ETH) in 6 months.
But this all happened due to a hack of around 40 parcels of land. The fact that these parcels were all “sold” for 0.3 ETH led to a 30% decline in average price.
Voxels rounded out the week with sales and trading volume up 113% and 49.5% respectively.
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For explanations of our data calculations, check https://docs.oneland.world.
For comprehensive metaverse market and project data, check oneland.world.
Join us Tuesdays at 5am UTC (that’s Paris 6am, Beijing 1pm, Sydney 4pm) in our Discord for a Metaverse Data Dive. In the process, we’ll show you how easy it is to navigate oneland.world and hone in on the data you want.
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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.
Financial platform for virtual lands in the metaverse.
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