Metaverse Weekly Wrap-Up: Oct 9???15

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Market Data

Stake your TheSandbox LAND & earn 3.09%* APY. Stake your $SAND & earn 7.47%* APY (*10.16.2023)

OneLand 7D data shows aggregate land cap for the 10 projects listed up 0.37% to 656,739 ETH (-3.6% to $1.03bn).

Looking closer — Decentraland saw a positive turnaround (+4.24%) while Otherside sunk to its lowest land cap to date.

Meta Rankings — Market Cap (7D)

$ETH fell significantly for a second week, dropping another 4.6% to $1,558.31, helping to drag down NFT values (total NFT cap -0.75% to 2.65m ETH, -4.94% to $4.23b USD). Most metaverse tokens incl. $SAND (-3.33%), $MANA (-3.33%), $APE (-1.73%) & $TOPIA (-13.77%) all fell.

HYTOPIA pulled in its highest land parcel sale of all time with #881 exchanging wallets for 11 ETH. The average price last week remained a very strong 2.7 ETH, while the floor price hit an incredible 1.9 ETH!

The 3-month view of land sales paints a clear picture — HYTOPIA (3M)

Not sure if it is due to Otherside degens too busy playing LOTM, or laid off Voyagers halting trading, but last week’s sales of Otherdeeds plummeted to just 60 trades and only 62.1 ETH in trading volume (-74.62%).

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Tags: Metaverse Wrap