Metaverse Weekly Wrap-Up: Jun 13–19

Highlights:

  • Voxels’ trade volume and price went up on the back of Rarible link-up and successful island launches.
  • OpenSea migrated to Sea Port protocol, cutting transaction costs for users by 35%.
  • Yahoo launched their Electric City experience week in Decentraland
  • EduDAO hosts a career fair in Decentraland‘s Career Center.
  • And Satoshiverse launches the Metaverse’s first Linked Wearables!

1. Market Data & Analysis

Mirroring the malaise of the greater crypto world, the metaverse market did not perform well this week. Aggregated 7-day market cap and trading volume for the seven projects listed on OneLand were down 4.67% and 12.5% respectively for the week.

Yuga Labs’ Otherside continues to dominate the market, but this dominance is down again this week. Trading volume dipped 11.1% and market cap was down 6.2% for the week.

Voxels pushed its new Architect Island and Chronos Islands this week. The unique philosophies of the two islands, plus news of Voxels teaming up with decentralized, art-based NFT marketplace Rarible gave Voxels a boost — trading volume up 5.4%, market cap up marginally 0.3% for the week.

Yahoo announced its intention to launch a series of metaverse projects this week. Its Electric City experience week held in Dencentraland also created a brief rally for prices of both LAND in Decentraland and its native token MANA. One Estate was purchased for 99,888 MANA (77 ETH), with average price climbing 20.7% and trading volume up 9.5% for the week. This despite the number of actual sales declining 93.75%.

There was a marked drop in sales of virtual lands compared to last week, except for Somnium Space. Its 700% jump is only a back-to-normal following last week’s poor showing of just 1 sale. Average price was up 39%, though land cap down 2% for the week.

Top Sales

Decentraland — Estate 4921–99888 MANA (77 ETH)

Otherside — Otherdeed 140–59.95 ETH

Otherside — Otherdeed 1056–35 ETH

Otherside — Otherdeed 69512–29.99 ETH

Otherside — Othedeed 22208–25 ETH

For comprehensive market and metaverse project data, check oneland.world.

2. Market News

The Sandbox

  • June 13

The PANGU ECOLAND NFT collection from PANGUKENAL has been listed on The Sandbox marketplace. Pangu Ecoland is the first sustainable LAND in The Sandbox. Part of the revenues generated will be allocated to reforestation efforts of areas on our actual planet — IRL.

  • June 14

Real SupDucks holders were able to claim their VX Duck in The Sandbox. For those who missed the chance, a public mint also ran June 16–18 at 1500 $VOLT per Duck.

  • June 17

The Sandbox ran a Free-to-Mint Flicky NFT giveaway.

Other Market News

  • June 13

Digital asset exchange LBank Exchange listed its Metaverse Art Blockchain (MABC). while the pair MABC/USDT kicked off official trading. MABC plans to achieve digital assetization in all kinds of art including traditional, public, digital and sound.

  • June 15

OpenSea migrated to Sea Port protocol. The move lowers gas fees, cuts transaction costs by 35% (saving over $460m) and allows offers on entire collections or multiple items.

3. Events

Decentraland

  • June 13

Yahoo launched their Electric City experience week in Decentraland, offering visitors a variety of inclusive functions, conversations, gatherings, and more. The events run June 13 to 30. Jump in.

  • June 15

Europe’s leading metaverse festival MET AMS was live-streamed in Decentraland.

MET AMS ran from June 15–18 in Amsterdam, and featured panels, workshops and immersive experiences exploring all aspects of the metaverse from art and music to fashion and gaming.

  • June 15

EduDAO hosted a career fair in Decentraland‘s Career Center to offer networking opportunities for students looking for dream jobs or opportunities in the Metaverse.

Voxels

  • June 14

Voxels held an AMA with Chronos Island primary designer @M_R_Peters.

  • June 17

Scarcity Stadium held a live-stream IRL party to launch Joey Mercedes’ Latest EP in Voxels.

The Sandbox

  • June 15

People of Crypto Lab held an AMA with The Sandbox to talk about their soon-to-come avatar.

Somnium Space

  • June 17

Somnium Space took part in the Milan Monza Motor Show. It’s the first ever exhibition of a supercar in the Metaverse.

4. Contests

The Sandbox

  • June 13

VoxoDeus teamed up with The Sandbox to hold a Game Jam.

  • June 16

cc

  • June 17

The Sandbox held the contest Find the Art Piece with the Museum of Contemporary Digital Art.

  • June 18

Snoop Avatar holders received 250,000 mSAND in giveaways at Meet at The Agora.

Voxels

  • June 15

Land Development DAO held a treasure hunt in Voxels.

Players needed to find their way to a pirate’s lost stash of treasure hidden in a labyrinthian cave system inside a mountain.

5. Project Updates

NFTWorlds

  • June 15

NFTWorlds shared an update on their incentives program fund and financial runway.

NFTWorlds currently has $4M USDC in the fund, with proceeds from all avatars and royalties converted to USDC/USD both to counter the downturn in the wider crypto market and for tax purposes.

  • June 17

NFTWorlds announced the WRLD Name Service registration pass claiming was available to NFT Worlds holders.

6. Partnerships

Voxels

  • June 14

Voxels formed a partnership with decentralized, art-based NFT marketplace Rarible. The arrangement broadens the choices for buyers and sellers of land parcels in Voxels, while providing increased competition for OpenSea.

The Sandbox

  • June 15

The Sandbox linked up with Lionsgate to create a film-themed entertainment destination in the Metaverse.

  • June 16

The Sandbox partnered with Samyang AANI to bulid Samyang Foods LAND in the metaverse.

Decentraland

  • June 15

Decentraland and The Satoshiverse have teamed up to launch the first-ever Linked Wearables collection. External NFT collection The Satoshiverse can now be represented in Decentraland, illustrating the age of interoperability is already upon us.

Don’t forget — to access the most comprehensive, in-depth and up-to-date aggregated VRE market and project data, check out OneLand.

Twitter: @OneLand_World

Discord: @OneLand_World

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