Metaverse Weekly Wrap-Up: Feb 20–26

Market Data | Market News | Sales & Mints | Events Contests & Giveaways | Project Updates | Partnerships

Highlights:

  • WorldwideWebb pulls in $10m investment from Pantera Capital, trading goes ballistic

  • China to legalise crypto trading in Hong Kong?

  • OpenSea hits back at Blur, as NFT marketplace war rages on…

  • Thousands of NFT enthusiasts descend on French capital for NFT Paris

  • E-commerce metaverse Comearth issues token allocation plan

  • Updates for Decentraland, Illuvium, Voxels …&

  • A 24-week Treasure Hunt across different worlds proves metaverse interoperability in motion!

💹 MARKET DATA

Join us Tuesdays at 5am UTC in our Discord for a Metaverse Data Dive into our weekly data and a few interesting highlights.

Meta Rankings — Market Cap (7D)
Meta Rankings — Market Cap (7D)

OneLand 7-day data shows total land market cap for the 10 projects listed down 0.68% to 929,432 ETH or approx. $1.525 billion (-3%).

This mirrored the 3% fall in the crypto market — $ETH fell by 2.47%, while $SAND, $MANA, $CUBE and $WRLD were all down.

Top Weekly Performer & Metaverse Heat Index (7D)
Top Weekly Performer & Metaverse Heat Index (7D)

Context:

  • The Sandbox launched its Voxel Madness Land Sale, but reaped little ROI for it, save for perhaps a month-high sale of 3.89 ETH.

  • Decentraland’s land cap (-9.4%) is down 26.2% since hitting a 6-month high of 290k ETH on Feb 1.

  • Otherside’s land market cap continues to rally — up 27.3% since Nov 26, and another 4% for the week.

Market Cap & Volume (Nov 26 — Feb 26) — Otherside
Market Cap & Volume (Nov 26 — Feb 26) — Otherside

Highlight: Worldwide Webb

If 191 Apartment sales (62.17 ETH volume) on Sat 18th was a bumper trading day, then Thu 23rd was simply explosive. As per our Tweet, Worldwide Webb recorded an incredible 670 individual trades on Thursday, with volume skyrocketing 7,753% in just 24 hours, as news came hot off the press of Pantera Capital injecting $10 million into the project coffers.

336.12 ETH was its highest Daily Trading Volume in 10.5 months, while the day’s top sale of 16.88 was also its highest sale since Aug 3. Forgive us for wondering though… was it just one more Blurry sale to win more airdrop?

Trade Plots (23 Feb) — WorldwideWebb
Trade Plots (23 Feb) — WorldwideWebb

Worldwide Webb ended the week with 843 sales (+241%) and trading volume of 399.5 ETH (+412.6%), eclipsing that of The Sandbox (+1.18%) which launched its Voxel Madness Sale on Tuesday, though with little in the way of positive sales data to show for it. Average price jumped 50.2%.

Still, land cap (-1.07%) was down, and so were holder numbers (-1.3%), though the top 1% upped their stake by 4.68% for the 7D. It indicates a consolidation from holders, buying at prices higher than in recent months, but still lower than those initially bought.

Holder Trends & Holding Concentration — Worldwide Webb (7D)
Holder Trends & Holding Concentration — Worldwide Webb (7D)

For explanations of our data calculations, check https://docs.oneland.world. For comprehensive metaverse market and project data, check oneland.world.

Join us Tuesdays at 5am UTC (that’s Paris 6am, Beijing 1pm, Sydney 4pm) for a Metaverse Data Dive. In the process, we’ll show you how easy it is to navigate oneland.world and hone in on the data you want.

🗞️ MARKET NEWS

HONG KONG — Feb 20: HK’s Securities & Futures Commission proposed new rules for crypto trading platforms, allowing retail investors to trade large-cap crypto assets on licensed exchanges from June 1.

OPENSEA — Feb 21: OpenSea hit back at Blur’s promise to reward creators for not trading on OpenSea — temporarily dropping fees to 0%, moving to optional creator earnings (min. 0.5%) and enabling sales from marketplaces with same policies, incl. Blur!

YUGA LABS — Feb 21: Yuga Labs responded to the controversy over it allegedly ripping off the design of its BAKC (Bored Ape Kennel Club) logo by choosing to rebrand a new one.

WORLDWIDE WEBB — Feb 23: Pantera Capital invested $10 million in Worldwide Webb. The money will be used to expand the team, add new NFTs to the game and form partnerships with leading brands and IP owners.

Stay tuned… as the project’s Blockbusterz game — with PVP involving avatars of multiple NFT collections — is set for release soon.

UNISWAP — Feb 23: Uniswap users can now use any token on the Ethereum blockchain to purchase NFTs through a simplified interface.

NFT PARIS 2023 — Feb 24–25: Thousands of NFT brands and enthusiasts converged over 2 days at the Grand Palais in Paris for NFT Paris.

🌄 SALES & MINTS

THE SANDBOX — Feb 21: 385 LANDs and 45 Premium LANDS went up for sale for all Raffle winners in The Sandbox’s Voxel Madness LAND Sale incl. beside big brands. For those who missed out on the Raffle, 2nd chance auctions launched on OpenSea.

UPLAND — Feb 22: Upland kicked off its February Motors Car Sale of 591 cars incl. 6 types of Series V vans & 7 types of Series 2 cars.

🎪🏅🎁 EVENTS, CONTESTS & GIVEAWAYS

DECENTRALAND — Feb 21–22: Decentraland held its 3rd Birthday Party. Attendees got to check out the top 10 DCL Film Club winners, and dance inside the giant cake to the music from DCL DJs.

Feb 24: Taco Bell held a real wedding in Decentraland for a real couple, with a real officiant. Attendees got to enjoy a one-of-a-kind venue, unique wearables, DJ, live dancefloor & more.

SOMNIUM SPACE — Feb 23–26: Somnium Space ran a brand activation with Nifty Orient, while artist Natural Warp offered tours of his amazing 360° spheres and musician-DJ-VR developer Oly conducted a cross-reality meditation session at BoulevArt, an immersive digital art festival in Dubai.

SUNSET MUSIC FESTIVAL — Feb 25–28: Ubitus supported NAXS Future and Sunset Music to host the Sunset Town Music Festival in Taiwan & the Metaverse, feat. Sunset Rollercoaster, Greg Han, ØZI, 9m88, DJ Didilong, YELLOW Huang Xuan, Hsu Kuanhan and Edison Song.

🏅 CONTESTS & GIVEAWAYS 🎁

THE LOST WALLET: Web3 ARG The Lost Wallet is running a vast, interoperable treasure hunt over 24 weeks — across The Sandbox, Decentraland, Spatial, w3rlds, OVRtheReality, bnv_me & Revenge — to win CryptoPunk #2672 & more.

Get to know more in The Lost Wallet Twitter Space.

THE SANDBOX — Feb 20: The Sandbox kicked off the Spring VoxEdit Contest. Submit a design that captures the essence of Spring by Mar 5 to share among 20k $SAND.

HABBO <> THE SANDBOX — Feb 21 — Mar 1: Habbo is running a LAND giveaway. The winner will be randomly selected and revealed in The Sandbox Discord on Mar 1.

WORLDWIDE WEBB — Feb 25: Worldwide Webb gave away 3ETH to the fastest defeater of the Kong at NFT PARIS.

Catch up on this week’s TWITTER SPACES, PROJECT STREAMS & INTERVIEWS:

DECENTRALAND: Decentraland 3 Year Birthday, hosted by The DCL Report

NFT WORLDS: Weekly WRLD — Gaming Space

OTHERSIDE: Getting Trippy with Otherside on OtherSpaceFM

SOMNIUM SPACE: THE SOMNIUM SHOW **at the Museum of Folklore & Mystery Parcel

THE LOST WALLET: Cross-world Treasure Hunt through the Metaverse!

THE SANDBOX: VoxEdit Mondays

THE SANDBOX: MASSIVE UPDATES | Will You Be Ready???

VOXELS: Q&A Who are Josh, Tim and Mona?

🛠️ PROJECT UPDATES

DECENTRALAND — Feb 20: Decentraland released a new version of their mobile app, which features Maps, Marketplace, Events & DAO.

Feb 21: METAGAMEHUB DAO launched v2 of DCL-Edit, their scene editor for the Decentraland SDK, along with an install guide.

ILLUVIUM — Feb 20: ‘Illuvium: Zero’ Season 1 was delayed to test the new marketplace feature that will be part of the next update.

Feb 22: Illuvium published a blog to learn all about the Points system in Illuvium: Beyond.

COMEARTH — Feb 21: E-commerce metaverse COMEARTH released its token allocation plan for $ECOM (or $E).

VOXELS: Founder Ben Nolan stepped down as CEO of Voxels. Meet the Voxels leadership team of Mona, Josh and Tim in Q&A: Who are Josh, Tim and Mona?

👬 PARTNERSHIPS

VENICE CARNIVAL <> READY PLAYER ME — Feb 21: Ready Player Me will support visitors with Venetian-themed digital avatars to experience the Venice Carnival in the Metaverse.

METAFLUENCE<>THE WINKYVERSE — Feb 21: Social influencer world Metafluence partnered with game-based learning metaverse The Winkyverse.

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

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