Metaverse Market Analysis: October 2022

Welcome to Metaverse Market Evaluation! Each Monday we deliver you the newest stats and information on the general state of the Metaverse market. This column is in partnership with the unimaginable group from OneLand, a monetary platform for digital lands within the Metaverse.

Highlights:

• Decentraland and Otherside pull VRE land caps to the draw back.
• Cheaper land costs invite renewed curiosity in OG tasks Decentraland, The Sandbox, Somnium Area and Otherside.
• Worldwide Webb has a sluggish October, however then gears up for giant issues as its Alpha sport opens to the general public on Halloween!
• Learn on, as we additionally break down October additionally for Voxels, NFTWorlds, BYOPills, Arcade Land & Treeverse.

Market Evaluation

The Metaverse land market shrank by means of October, reversing the non permanent upward development of the earlier month. OneLand 30-day information reveals that the mixed land market cap of The Sandbox, Decentraland, Voxels, Somnium Area, WorldwideWebb, NFT Worlds, Otherside, BYOPills, Arcade Land and Treeverse ended the month down 11.4% at 903,418.87 ETH or roughly $1.42 billion.

Meta Rankings – October 2022

Prime Gross sales (by Metaverse) – October 2022

Metaverse Tokens – October 2022

Metaverse Initiatives

The Sandbox

The Sandbox’s 10-week Alpha Season 3 concluded Nov 1, and, as promised, we offer comparative information and evaluation of the three Alpha Seasons thus far.

Although elsewhere chances are you’ll discover evaluation of the Seasons from a gaming, participant and/or rewards earned perspective, right here at OneLand, we break down the impression on the LANDs market.

Honing in on October, and we see that the market rejuvenation halted at the exact same level that the value of ETH commenced its 21% rally from Oct 21–31. Because the rejuvenation in LANDs cap (+9%) and common costs (+17.5%) petered out, buying and selling exercise remained pretty fixed however was no match for that of September, rounding out the month down 40% and 48.5% respectively.

Decentraland

Decentraland’s land cap declined 16% this month to 211,391 ETH, reversing its current restoration and again to the place it final sat in mid-September. Buying and selling exercise continued with the momentum of final month, quantity up 50% MoM and gross sales 69%. Buying and selling quantity and gross sales have been selecting up prior to now couple months, as common costs (-11%) and market cap drop, and new traders decide up lands at low-cost costs, resulting in an increase within the variety of distinctive holders (+0.5%).

Voxels

Voxels recorded barely higher land gross sales ends in October, with quantity recovering marginally (+10.3%) MoM following a 50% lower final month. Although gross sales dove additional to solely 67, the typical value of a parcel recovered 26.8%.

Voxels has been in a position to keep a comparatively secure land cap since July when it determined to place a pause on all advertising and marketing, partnerships and new land mints, and no matter any fluctuations out there or, extra particularly, the value of ETH.

Somnium Area

Somnium Area kicked off its Quarternary Land Providing (QLO) on Oct 2. The QLO included, along with worlds, land parcels and estates, a catalog of unique NFT bikes, hover-bikes and avatars, all accessible for buy and instantaneous usability within the Metaverse.

The 4-week marketing campaign led to a spike in gross sales numbers, however solely on the low finish, with the typical value of a land parcel crashing 72%! Nonetheless, given present market situations, 25 represents numerous gross sales for the unique VR metaverse, whereas one could marvel if minting future lands on the cheaper facet might signify a wiser technique transferring ahead, as traditionally thus far, parcel costs in Somnium Area have all the time tended to the costly facet — none of us will likely be holding our breaths although, whereas the market situations look moderately prime for a rebound.

Somnium Area not often seems bothered by what the market says anyway, as its powers forward with its imaginative and prescient to incorporate VR into the Metaverse and interoperably into the bodily realm. In October, as normal, it was busy, methodically finishing up yet one more deliberate collection of actions, together with an public sale for the Czech Nationwide Theatre to help its recovering dancers, in addition to representing itself amongst 4,500+ different corporations and tasks on the GITEX GLOBAL digital tech occasion in Dubai.

NFT Worlds

As famous in final month’s report, issues have been leveling out just lately at NFT Worlds, the land market cap remaining secure, at the same time as the value of ETH rallied 18%. In the meantime, an integration with blockchain gaming API undertaking MetaFab breathed some vitality again into the ecosystem, pushing costs to the upside.

Gross sales numbers (-38.2%) and common costs (+15.3%) picked up throughout the second half of the month, following the undertaking clocking in on Oct 17 with a sale of three.0 ETH, its highest in 2.5 months.

As reported in our final weekly wrap-up, with a Beta of its new sport forecast to rear its head earlier than the 12 months is out, an upcoming Recreation Jam and a few higher advertising and marketing at play, we anticipate extra optimistic market response for NFT Worlds as we head in the direction of Christmas.

WorldwideWebb

Following a comparatively secure August that introduced hopes of a restoration, adopted by a September through which these hopes had been dashed, Worldwide Webb once more noticed falling buying and selling volumes (-28%) and gross sales numbers (-30%) in October. Regardless, October could prove a really optimistic month for the undertaking — for quite a lot of causes.

Firstly, the typical value of an Residence edged its method upwards to spherical out the month at 0.516 ETH, up 4%, having simply come off a yearly backside of 0.43 ETH on Sep 30. A high sale of two.45 ETH on Oct 25 (nothing to sing about, but extremely sufficient, its high sale in 5 months) provided some wanted impetus and led to a small enhance in market cap, at the same time as the value of ETH rallied 18%. Distinctive holder numbers bottomed out on Oct 22, however rapidly circled and are on the way in which again up.

Moreover, the group launched an outstandingly cool cinematic trailer on Oct 9 to rave opinions, each from throughout the WorldwideWebb neighborhood and outdoors of it, portending some superb issues within the pipeline.

Moreover, the slew of NFT integrations which have occurred thus far are about to make waves, because the group introduced a public opening of a new-and-improved Alpha sport on Oct 30 for Halloween, which runs into November (however no-one is aware of for a way lengthy!). As you learn this, 2D pixelated variations of all of those avatars are roaming everywhere in the Webb, which we extremely suggest you try.

Otherside

It was not a strong month-to-month efficiency in digital land gross sales for Otherside. With its market domination now not even a speaking level lately, the land market cap of Otherdeeds nonetheless retreated additional (-17.8%) this month to backside out simply above 400k ETH, after having flirted with 500k a month earlier.

Although gross sales had been up 12%, quantity reversed 25% MoM. A high sale of simply 39.9 ETH represents a far cry from September, which recorded 13 gross sales all above this value. The common value of an Otherdeed fell 33% to finish the month at solely 3.01 ETH.

Otherdeed holders are all the time hanging out for any growth, and when issues are quiet, a hacking of the undertaking’s Twitter account will likely be large information, even when it solely eliminated the undertaking’s title from its profile for a day. A extra becoming speaking level for the neighborhood was the launch of its first community-built mini-game Flappy Koda.

BYOPills

All main metrics turned to the damaging facet in October for BYOPills, with buying and selling quantity nicely down (-66.6%) MoM, and the market cap of BYOLands retreating additional, down 13.7%. On the flip facet, the undertaking’s launch of its 2D Pixel Apostles returned some vitality to the market — from Oct 16, there was a noticeable enhance within the variety of every day transfers.

Gross sales numbers recovered within the second half of the month, as October’s third and fourth week’s gross sales counts elevated 285% and 63% respectively week-on-week.

Arcade Land 

Arcade Land cast forward with its efforts to construct numerous communities in October, saying three new collaborations — with Earn Guild, Souls of Meta and Horizon Land — that interact participant communities, sport growth and a metaverse.

In its highest sale in almost 3 months, a parcel bought for 11.79 ETH. That plus a 7.49 ETH land sale on Oct 12 had been the 2 highest gross sales since early August, helped see some restoration in common value, up 16.4%. However, land gross sales information for the month as an entire was not rosy, with volumes (-41.3%) and gross sales (-49.4%) down almost by half MoM.

Trying ahead, and Arcade Land introduced that Land Sale particulars are set to be revealed in November, whereas the final week of October noticed an encouraging enhance within the variety of Land holders, maybe in anticipation of this occasion.

In the meantime, the undertaking can even be releasing its new web site, whereas providing the neighborhood a primary glimpse at a few of its NFT belongings. To view all of the land gross sales data and information of Arcade Land and test the market response, don’t overlook yow will discover all of it right here.

Treeverse

It was a quiet month in buying and selling of land plots within the Treeverse, with buying and selling exercise (-11.6%) and land cap (-1.35%) down for the month, and common costs regular. However we choose to consider this to signify a relative interval of tranquility previous to the occasion.

It’s value noting that an official announcement of Treeverse’s Pre-Alpha is within the roadmap for This autumn 2022, which we already one month into. At the moment, they stated they are going to publish its particulars, and distribute a type for Pre-Alpha. It’s set to be a limited-access occasion, even incorporating an NDA, to check out the fight sport loop and achieve suggestions on it. 

In the meantime, Treeverse’s month-to-month report knowledgeable the neighborhood of quite a lot of new participant developments, together with each an idea artwork and engineering replace.

For complete market and Metaverse undertaking information, discover out extra on oneland.world and observe for the newest updates on Twitter.

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