Somnium Space<\/strong><\/h5>\nSomnium Space cooled somewhat following a decent result last week with trading volumes retreating 33.3% and sales down by exactly half that amount, putting downward pressure on prices and sending its average parcel price back to where it was a fortnight ago.<\/p>\n
Somnium Space\u2019s native token CUBE, however, soared by over 40%<\/strong>. This is a huge correction, given that the price has not been in such territory since May, and must come as a big lift for the project. Higher demand for CUBE may have been driven by a motivating article published August 6 regarding the vigorous activity happening within the metaverse, as it recalled the start-up founders\u2019 pitch last week, along with yoga classes and schools launching their spaces, though a lot of other events have also been happening of late.<\/p>\nNFT Worlds and Otherside<\/strong><\/h5>\nBoth NFT Worlds<\/strong> and Otherside<\/strong> also experienced falls across all major metrics this week. Otherside keeps correcting of late, ending the last 7 days with a 3.3% drop in market cap and a top sale of only (which can only be said for Otherside) of 30 ETH. For context, top sales of the last 3 weeks were 135, 154 and 75 ETH. Trading volume was also down another 21% on the back of last week\u2019s 41% drop.<\/p>\nLower week-on-week volumes are no surprise from an overall market perspective. But given what has been going on with NFT Worlds of late, any retreat in sales and volume without a deeper look might indeed be a good sign, considering the sales pricing catastrophe that kicked off after Minecraft banned NFTs July 20 and the whole project imploded. NFT Worlds finished off the week with its land cap down by 7% for a second consecutive week.<\/p>\n
Worldwide Webb<\/strong> also had a sale to change the mood, though this was a truly big one. 25 ETH on the trade view chart came as a shock, given the only other sale of the previous 3 months nearing this magnitude was one for 17.97 back in May. The third biggest of the 3 months was for 3.3 ETH on May 10.<\/p>\nBut there was not only this to warm the hearts of WorldwideWebbers. With July results indicating times are hopefully turning for the project, weekly figures looked good \u2013 sales doubled on last week, while average price almost recorded the same (+92%). Meanwhile, the team keep the vibes flowing as usual with spatterings of cool news (like being able to watch a video inside your Apartment), cute videos and friendly Tweets.<\/p>\n