Data & Analysis | Market News | Sales & Mints | Project Updates | Partnerships |
💹 Market Data
Stake your TheSandbox LAND & earn 3.66%* APY. Stake your $SAND & earn 9.27%* APY (*7.31.2023)
OneLand data shows VRE market cap for the 10 projects down for a 10th straight week, this time by 2.15% to 667,988 ETH (or -3.54% to $1.244 billion). Meanwhile, ETH fell by 1.43% to $1,861.76.
The popularity of the metaverse for investors has been trending downwards over recent months, not just due to a macro downturn or bear market, but because of it being totally overshadowed by “the next big thing” AI.
Yet another big downturn in 7D trading volume for Otherside (-34% to just 162 ETH), and with little support from The Sandbox (whose post-sale volume sank to just 51.5 ETH, its lowest in several months), saw aggregate volume for the 10 projects on OneLand crash to near half of what it was just 4 weeks ago at the end of Q2.
Meanwhile, Somnium Space land plots might be getting on a few more investor radars of late, with some more consistency in sales over recent months and upward trending prices (Somnium Space parcels are traditionally more expensive than other VRE), not to mention the big, fresh announcement of Version 3.0 (see Project Updates, below).
Its economy albeit small, VR-themed metaverse Somnium Space notably is the one listed project with land cap heading north, while the only other project with land cap in the green this week was another legendary player Voxels. As mentioned last week, trading has picked up at Voxels; and a second consecutive week of bumping sales (+29%) and volume (+50%) saw the metaverse’s best daily volume in 3.5 mths, and top sale in 4mths.
Over at Arcade, and a top land sale in 2 months at the gaming metaverse helped drive up 7D volume (+17.6%) and its average price (+106%), the buyer bundling 4 different lands into the one transaction.
Meanwhile, Decentraland’s price enjoyed a very minimal correction (+24%), while BYOLands look to be heading back towards the 1 ETH mark following the boost given to the community by the release of its Racer.
For more info & instructions how to Stake Your Sandbox LAND &/or $SAND with OneLand (it’s simple!)
🗞️ Market News
OpenAI’s Sam Altman launches Worldcoin project / Too Centralized, says Vitalik 7.24
$WLD Token Launches; Trading starts 7.25
Japan PM: Web3 can Transform the Internet 7.25
Putin Bans Digital Assets, Makes Digital Ruble Legal Tender 7.26
Binance announces AI NFT generator Bixel 7.26
Singapore Court Deem Crypto as Property 7.28
🌄 Sales & Mints
VOXELS — 7.28: Voxels listed 30 connected plots in Origin City. Listed as two bundles.
🔈 Catch up on this week’s Twitter Spaces, Project Streams & Interviews
(TOPIA) @Temptranquil @Planet_U_gg @liquidfy_ (RETREAT) @Yogapetz @weomxyz
DECENTRALAND: Metaverse Art Week & Mesh Art Fair
HYTOPIA: Creators Corner X Space
STAR ATLAS — 7.25: CEO says focus remains despite 73% ayoff
ELON MUSK: Interview with Tucker Carlson*
YUGA LABS: CEO talks to Bloomberg on Business Strategy
* OneLand favourite
🛠️ Project Updates
DECENTRALAND — 07.23: DCL kickstarted AI integration by introducing AI NPCs with InWorld AI.
An AI World fair is planned for October, and Hanson Robotics Sophia the Robot opened AI center SophiaVerse.
7.25: DCL new search feature
BIG TIME — 7.24: New Community Updates series: insights, sneak peaks, dev updates & more. This update feat. an announcement from the CEO, Economy Wiki update, & more.
HYTOPIA — 7.25: Name change to HYTOPIA: details.
7.27: Marketplace sneak peak
AXIE INFINITY — 7.26: Origins Season 5: Rare Era Is LIVE! Feat. 3 new starter axis, in-game gifts, extra Runes & Charms to mint, 112k $AXS up for grabs.
It comes on the heels of the introduction of Axie Infinity’s new on-chain levelling system.
OTHERSIDE — 7.28: Yuga Labs showcased the addition of BAYC avatars and locales in an exclusive test for the Otherside metaverse.
SOMNIUM SPACE — 7.30: Take a first look at Somnium Space Version 3! Feat. new marketplace, launcher, weather system, wearables system, full-body tracking, VR camera app, social chat, Unity & SDK upgrades, & more
👬 Partnerships & Funding
UPLAND x 0N1 FORCE — 7.27: 0N1 Force will build the 0N1VERSE hub for 0N1 Force NFT holders in Tokyo City in Upland.
BRITISH MUSEUM x THE SANDBOX — 7.27: The British Museum wil build immersive experiences in The Sandbox and a range of digital collectibles based on its collection IRL.
SKY MAVIS x CYBERKONGZ — 7.27: Axie Infinity creator Sky Mavis launched a joint anime-inspired NFT collection with Cyberkongz on Ronin to amplify gamified NFTs.
IMMUNEFI x TRAIL OF BITS — 7.28: Immunefi, Trail of Bits, Solana, Fireblocks & Ribbit Capital are launching ‘The Rekt Test’ Web3 security standard to fight hacks and scams.
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