{"id":14406,"date":"2022-10-06T16:06:05","date_gmt":"2022-10-06T16:06:05","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/metaverse\/metaverse-market-analysis-monthly-edition-september-2022\/"},"modified":"2022-10-06T16:06:06","modified_gmt":"2022-10-06T16:06:06","slug":"metaverse-market-analysis-monthly-edition-september-2022","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/metaverse\/metaverse-market-analysis-monthly-edition-september-2022\/","title":{"rendered":"Metaverse Market Analysis: Monthly Edition September 2022"},"content":{"rendered":"
Welcome to Metaverse Market Analysis! Every Monday we bring you the latest stats and data on the overall state of the metaverse market, and this week\u2019s article is our monthly metaverse market overview. This column is in partnership with the incredible team from\u00a0OneLand, a financial platform for virtual lands in the metaverse.<\/p>\n
Two words on the tongues of everyone in crypto in September were \u201cThe Merge\u201d. The media were awash with reports and conjecture on Ethereum\u2019s switch to Proof of Stake and how it will impact everything from Bitcoin, to energy, the environment, NFTs, blockchain gaming, regulation and, of course, the price of ETH.<\/span><\/p>\n ETH\u2019s price failed to rally in the days prior to The Merge on September 15<\/strong> and, in fact, fell for a week in its aftermath to finally end the month down 14.4% at $1,328, about 20% above what it was when the Merge date was first announced.<\/span><\/p>\n The lower ETH price, plus good performances from Decentraland and Otherside helped see OneLand\u2019s aggregate Metaverse Land Cap re-cross the 1 million ETH mark, which it last fell below back in August.<\/span><\/p>\n The combined market cap of The Sandbox<\/span>, <\/span>Decentraland<\/span>, <\/span>Voxels<\/span>, <\/span>Somnium Space<\/span>, <\/span>WorldwideWebb<\/span>, <\/span>NFT Worlds<\/span>, <\/span>Otherside<\/span>, <\/span>BYOPills<\/span>, <\/span>Arcade Land<\/span> and <\/span>Treeverse<\/span> ended the month up 11.5% to just short of 1.018 million ETH<\/strong>, which is the first monthly rise since the market highs of May.<\/span><\/p>\n