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 July 17-23, 2023.
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OneLand 7-day data shows VRE market cap for the 10 projects down for a 9th straight week, this time by 1.33% to 682,632 ETH. ETH’s price dipped 1.81% to $1,888.81.
Aggregate trading volume also fell (-32.5%). Decentraland, TOPIA, Arcade and Treeverse were all down. It all reflected global NFT sales, which slid another 8.53% to just half the value it was 2 months ago.
While all of the hype and trading of “NFTs” continues its downward slide, true longstanding projects with vision occasionally rear their crazy heads. As its founder clearly knows, Voxels endures. Last week’s sales and volume of land parcels in the Voxels metaverse roared northwards, up 416% and 375% respectively, and included a top sale in 3 months.
Meanwhile, Worldwide Webb might just be taking a well-deserved break from social media, scarce this month save for one great Independence Day thread outlining the roadmap ahead, and the work they are getting down and busy with in the (positive) aftermath of a recent $10m cash injection from Pantera Capital.
Most metrics continue to fall from the project’s last brief uptrend in early June, 7-day sales volume of Apartments falling steeply (-52.3%) for a 2nd straight week. OneLand still notes Worldwide Webb as a Web3 metaverse to watch for all the right reasons, as our previous article makes clear.
Over at interoperable gaming metaverse BYOPills, volume of BYOLands enjoyed a minimal 7-day turnaround (+37.7%) following the first release of their BYORacer game, though it was obviously a different story for the BYOCrafts themselves, sales and volume of the NFTs rising 182% and 319% respectively.
For explanations of our data calculations, check docs.oneland.world/. For metaverse market and project data, check oneland.world.
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