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 21-27.Stake your TheSandbox LAND & earn 2.94%* APY. Stake your $SAND & earn 9.65%* APY (*8.28.2023)7-day data shows VRE market cap for the 10 projects on OneLand up 3.78% to 701,716 ETH (or +2.07% to $1.163 billion), surpassing the 700k ETH mark for the first time since June. It was in contrast to global NFT cap, which fell by 3%.Meanwhile, $ETH fell slightly, by 1.64% to $1,657.44. Meta Rankings (7D)Not sure why Tuesday, but that was the day Decentraland, Otherside, HYTOPIA & Voxels all picked up top weekly sales. Decentraland’s was extra special, as an Estate swapped hands for 21.71 ETH, its highest price sale since January. Land prices at several projects rose this week, among them Decentraland and HYTOPIAHighlight #1: Decentraland24k ETH of the rise in land caps came from Decentraland, its LANDs cap powering 16.38% north to 171,409 ETH, leaving The Sandbox in its wake, 38% lower. Trade volume skyrocketed 360% from the week prior, even though sales were actually down, the average LAND price witnessing an even bigger rise, +437%.The OG metaverse project’s big week on the LAND metrics front follows a huge amount of recent moves on the dev & community fronts.This month alone, Decentraland went live with smart wearables and portable experiences, updated their funding system and launched an in-world camera. In the meantime, they are running a month-long Emotes Festival. July was also a big month, as they brought in custom animations, AI NPCs, exportable avatars & more. A big week for Decentraland on the LANDs front – only 10 sales, but it included an Estate for 21+ ETH.Highlight #2: HYTOPIAHYTOPIA’s token $TOPIA (+55.8%) rode a wild journey northwards, disparate to any previous price movement since its launch 2.5 months back, though hardly shocking, occurring as it did on the back of their chain’s testnet faucet going live.Opening a highly hyped proprietary blockchain to your gaming community can cause waves, and ripple effects. We will have to just wait and see how many, or not, cash in.As for land parcels in the Minecraft metaverse, they recorded their highest trading volume, sales count (+80.6%) and average price (+ 26.9%) in several months, all pushing total land cap into positive territory by a solid 12.7% (now at 14,584 ETH). Trade Volume & No. of Unique Traders – HYTOPIA—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.Financial platform for virtual lands in the metaverse.
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