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 16-22, 2023.
The price of $ETH continued its rally in 2023, up 5.94% for the week, continuing to impact prices of Virtual Real Estate in $USD to the upside. Total land caps for the 10 projects listed on OneLand were down 1.1% to 931,744.75 ETH, but up 3.76% in USD terms, surpassing $1.5 billion.
Context:
- NFT Worlds just recorded its highest daily trading volume (15.25 ETH) in over 12 months
- Arcade Land enjoyed its top sale (6.0 ETH) in 3 months; Otherdeeds recorded their top 2 sales (88, 93 ETH) in 2 months
- Metaverse tokens have maintained following their January rally, $SAND+11.1% and $MANA +2.4% for the week
Highlight:
- Otherdeeds’ total land cap (+10.7% in 2023) rose above 425k ETH for the first time in 3 months
For explanations of our data calculations, check https://docs.oneland.world.
For comprehensive metaverse market and project data, check oneland.world.
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*All investment/financial opinions expressed by us 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.