{"id":13838,"date":"2022-09-12T10:02:37","date_gmt":"2022-09-12T10:02:37","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/metaverse\/metaverse-market-analysis-september-5-11-2022\/"},"modified":"2022-09-12T10:02:38","modified_gmt":"2022-09-12T10:02:38","slug":"metaverse-market-analysis-september-5-11-2022","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/metaverse\/metaverse-market-analysis-september-5-11-2022\/","title":{"rendered":"Metaverse Market Analysis: September 5-11, 2022"},"content":{"rendered":"
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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\u00a0OneLand, a financial platform for virtual lands in the metaverse.<\/p>\n

Highlights:<\/b><\/h4>\n
    \n
  • Otherside sales enjoy massive rebound, volume up 90% and a slew of top sales<\/li>\n
  • DCL enjoys a third consecutive week of land market cap recovery<\/li>\n
  • Alpha Season 3 fails to trigger buyers of LAND in The Sandbox<\/li>\n
  • Somnium Space\u2019s Mixed Reality Fashion Week 2022 and VR presidential candidate press conference also fail to rally sales<\/li>\n<\/ul>\n

    M<\/b>arket Data & Analysis<\/b><\/h4>\n<\/p>\n

    7-day data shows aggregate land caps for the (now) 8 metaverse projects on OneLand up by 5.26% to just under $1.67 billion, with trading volumes rebounding 60.77%. It represents the first increase in OneLand aggregate land caps for 15 weeks, with the turnaround in sales volume and prices resulting almost solely from renewed interest in\u00a0Otherside, presumably generated by their new\u00a0trailer video\u00a0and all the ensuing talk and conjecture following it. A second consecutive week of trading and price action recovery for\u00a0Decentraland\u00a0also did no harm.<\/p>\n

    However, all other land caps were down for the week.\u00a0The Sandbox\u00a0in particular did not have a successful second week<\/strong> of its Alpha Season 3 in terms of LAND sales, with major weekly metrics all in the red.\u00a0Somnium Space\u00a0did not fare well either, albeit in what was another exciting week in terms of VR firsts.\u00a0NFT Worlds\u00a0continues to slide, while\u00a0Worldwide Webb\u00a0came back to earth following a more hopeful previous week of sales activity.<\/p>\n

    ETH was up for the week by 10.61% as anticipation heats up ahead of the coming week\u2019s Merge.<\/p>\n

    \"Main<\/p>\n

    The Sandbox<\/b><\/h4>\n

    There was no positive result in LAND sales activity for\u00a0The Sandbox<\/a>\u00a0as Alpha Season 3 rolled on into its third week. A top sale of just 2.14 ETH and lower sales numbers sent the land cap crashing another 6.15% to now just 176,057 ETH, which is where it was back on 27 Nov.<\/p>\n

    Perhaps a rallying $ETH price (+10.61%) caused some reluctance to buy, though the price of native token $SAND was steady across the week.<\/p>\n

    Decentraland<\/b><\/h4>\n

    With\u00a0Decentraland<\/a>\u00a0enjoying a recovery in volumes and land cap over the last two weeks,\u00a0The Sandbox\u00a0has slipped back into a clear third spot behind\u00a0Decentraland\u00a0in terms of both land market caps and average parcel price, both of which converged for the two projects in July.<\/p>\n

    Decentraland\u00a0enjoyed a third consecutive week of market cap recovery, up by 4.76% on the back of an Estate selling for 25 ETH<\/strong>, even though sales were down 24%. It also brought the average price of a parcel back up 43% to 3.4 ETH.\u00a0Decentraland\u00a0will be hoping to re-cross the 200,000 ETH threshold that it collapsed beneath on the last day of July.<\/p>\n

    Somnium Space<\/b><\/h4>\n

    Somnium Space\u00a0might have had a good week on the tech front, as it held the world\u2019s first mixed-reality fashion week as well as the first ever presidential candidate press conference conducted in virtual reality. Yet it elicited no impact at all on the landonomics, with a paltry 3 parcels sold and a top sale of just 2.0 ETH, sinking its average price 90% week-on-week to just 1.13 ETH.<\/p>\n

    Justified confidence in the future of VR and his metaverse aside, one expects founder Artur Sychov will be wishing for at least some positive turnaround in VRE sales during next month\u2019s quarterly land sales event, which he dropped news of during the launch of Somnium Space Fashion Week 2022 on September 8.<\/p>\n

    Otherside<\/b><\/h4>\n

    Otherside\u00a0witnessed a massive week-on-week comeback with all 7-day metrics in the green, coming on the back of last week\u2019s new epic\u00a0trailer release\u00a0and further news that Otherdeeds became the 6th highest selling NFT of all time (explained in more detail in our\u00a0August report, published last week).\u00a0Otherside\u00a0ended the week with Otherdeeds\u2019 land cap back up 11.52% to fall just short of 500,000 ETH, where it sat one month ago.<\/p>\n

    Thursday saw the trade volume of\u00a0Otherdeeds\u00a0skyrocket 355%<\/strong> compared to its previous 24 hours to hit 1424.74 ETH (502% higher than the average daily volume in August). It was led by a hallowed\u00a0Otherdeed #12\u00a0sold for 279 ETH, followed by sales of 250, 229, 140, 110, 93, 75 and 72 ETH. To put this in context, the last time an\u00a0Otherdeed\u00a0sold for 100 ETH was back on June 30, when the price of ETH was $1,094, 38% lower than where it was on Sep 8.<\/p>\n

    Top Sales by metaverse (7D)<\/b><\/h4>\n

    \"Top<\/p>\n

    Metaverse Tokens (7D)<\/b><\/h4>\n

    \"Metaverse<\/p>\n

    For comprehensive market and metaverse project data, find out more on\u00a0oneland.world\u00a0and follow for the latest updates on\u00a0Twitter<\/a>.<\/p>\n

    Stay up to date with the hottest metaverse news >>\u00a0Here<\/strong><\/p>\n

    Want more? <\/b><\/p>\n

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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.<\/em><\/small><\/p>\n<\/div>\n