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 August 28 – September 3.Stake your TheSandbox LAND & earn 3.18%* APY. Stake your $SAND & earn 9.66%* APY (*9.4.2023)7-day data shows VRE market cap for the 10 projects on OneLand up 1.45% to 711,947 ETH. Total NFT cap rose more moderately – by 0.69% – to 2.91m ETH.The second consecutive week of rising aggregate land cap (in contrast to 3mths of a falling one), comes despite $ETH (and overall crypto market cap) falling a third straight week, down 1.31% to $1,635.72.Decentraland’s land cap (+3.8%) continues to rise, as does that of HYTOPIA (+9.35%). Meta Rankings (7D)At BYOPills, there were a few notable BYOLands sales at prices above the norm, pushing 7D volumes up 86.35% as well as its overall land market cap (+1.38%) to its highest since late July.Volume appeared to boom mid-week at Somnium Space (+162%), but that happened due to some back-and-forth purchase gestures on the same parcel, distorting price (+149.65%) and other data.While over at Worldwide Webb, Penthouse 9024 went two ways, first for 4.79 ETH (its top sale in 2 months), then 3.86 ETH, after the gaming metaverse went live with its first Rugbusterz Rumble. Trade Plots (90D) – Worldwide WebbAt HYTOPIA, the average price of a land plot keeps increasing, up 26% for the month, while the floor price is up a full 69.35% and rising, all fueled by a steady stream of updates on the game’s proprietary blockchain.Meanwhile, a portion of $TOPIA “holders” cashed in following last week’s price spike, the token retreating 17.5% for the week, but still 28.5% above where it stood a fortnight back. Looking at other virtual world tokens, both $SAND and $MANA fell for a 6th week running while $APE has dropped 32.2% in 3 weeks. Prices are rising at HYTOPIAFinally, an Otherdeed selling for 24.37 ETH was Otherside’s top-priced transaction since May.—For explanations of our data calculations, check docs.oneland.world/. For metaverse market and project data, check oneland.world.—OneLand is a 1-stop MetaHub — providing Metaverse data & analytics, 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.Want more? Connect with NFT PlazasJoin the Weekly NewsletterFollow us on TwitterLike us on FacebookFollow us on Instagram*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.Decentralised human, Explorer, Adventurer.
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