Metaverse Weekly Wrap-Up: Oct 23–29

Market Data | Market News | Events Contests & Play-Tests | Twitter Spaces Project Streams & Interviews | Project Updates | Partnerships & Funding


💹 Market Data

Stake your TheSandbox LAND & earn 2.69%* APY. Stake your $SAND & earn 7.51%* APY (*10.23.2023)

OneLand 7D data shows 10-project aggregate land cap stable in ETH, +0.05% for the week to 664,849 ETH.

In USD, however, land caps surged 7.95% to $1.194bn. ETH’s price — up 7.89% to $1,795.59 — set the agenda for metaverse lands, with another BTC-inspired 7D crypto rally seeing total crypto capitalisation shoot up 11.4%.

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

HYTOPIA kicked off last week by celebrating a cool injection of $3 million led by Delphi Ventures (see Partnerships & Funding — below), and ended it with land cap up 2.76% to 20,588 ETH, another 100+ ETH of weekly volume, not to mention yet another bumper top sale of 11.44 ETH.

Market Cap & Volume — HYTOPIA (3M)
Market Cap & Volume — HYTOPIA (3M)

Meanwhile, Otherside saw a second consecutive 7D rise in land cap after pulling in approx. 200 ETH in sales for a second week running, fueled by a 23 ETH Otherdeed trade, its most expensive in 2 months.

It was an exciting week at Worldwide Webb, with the playing community revved up by its week-long Playa play-test. Sales of Apartments (+33.3% to 52) boomed to its highest 7D count in near 4 months, incl. a healthy top sale of 4.49 ETH that saw volumes up 183.67% to 12.32 ETH.

True that land cap (+0.13%) and prices hardly budged, but you cannot put a price on either hyped vibes or masses of community feedback. Holder numbers (down 8.6% in the past year) even bucked the trend, up slightly to 4,045.

Holder Analytics — Worldwide Webb
Holder Analytics — Worldwide Webb

Meanwhile, land trading was very quiet at Arcade (volume -88.8%), BYOPills (-78.7%) and Decentraland (-69.1%).

Even in a busy world like Decentraland, higher prices (than other projects, bar Otherside & HYTOPIA) will always mean few sales in a bear market; this week saw just 7, the project’s LANDs cap falling by more than 5k ETH to 135,483 ETH. But it may also be that few are willing to sell out of the OG metaverse — LANDholder numbers keep rising.

Holder Analytics — Decentraland
Holder Analytics — Decentraland

The rally in the cryptocurrency market, meanwhile, saw metaverse tokens $MANA (+26.7%), $APE (+22.7%) and $SAND (+16.1%) up for the week.

For more info & instructions how to Stake Your Sandbox LAND &/or $SAND with OneLand (it’s simple!)


🗞️ Market News


🎪 Events, Contests & Play-Tests 🕹️

WORLDWIDE WEBB — 10.24–30: The week-long Playa playtest ends Mon Oct 30. Check out Celerity playing with viewers & sharing his first impressions of the play-test on live stream.

EMBER SWORD — 10.27–29: MMORPG Ember Sword ran its Ultra Deep PlayTest Dungeon Experience over the weekend.

GAM3 AWARDS — 12.14: Nominations are now open until Dec 1 to vote for your favourite Web3 game, to be announced at the Gam3 Awards on Dec 14.

THE SANDBOX x DEADFELLAZ — 10.24: The Deadfellaz Game Jam winners were announced in the live Awards Ceremony — which if you missed, you can watch here. The Top 10 — plus 10 honorable mentions — are listed here, with video links.

10.28: The Sandbox Experiences of the Week

THE SANDBOX — 11.2–3: The Sandbox will be in Hong Kong for Fintech WeekVote for the Community Choice Experience of 2023! ​Join 300+ builders, brands & partners for the First Global CREATORS DAY:


🔈 Catch up on this week’s Twitter Spaces, Project Streams & Interviews

🎥 DECENTRALAND: Decentraland Foundation Exec on Future of AI in the Metaverse

🎥 THE FUTURE OF GAMING 2023 CONFERENCE: Gaming on the Road to Media 3.0?

📖 DECRYPT: Blockchain will be “standard” for gaming in Asia: Bandai Namco Exec

🎙️ HYTOPIA: Gaming/HYTOPIA Open Floor


🛠️ Project Updates

DECENTRALAND -10.25: New in-app notifications for the DAO’s governance system. More information available in their Discord.

OPENSEA — 10.25: OpenSea introduced an opensource collection of Solidity contracts for NFT creators.

BYOPILLS — 10.26: The BYORacer game has been updated based on community feedback. They include: absorption calculations, boosting craft stats for every lap you complete, and rewarding risk-takers who travel at high speeds with full immunity from the negative impact of rawTRYP absorption on your craft’s durability. Details in BYOPills’ Discord.

ILLUVIUM x ETHLIZARDS — 10.28: Illuvitars can now be brought into a whole new battle arena, as Illuvium teamed up with EthLizards on their new game ‘Battle in the Beyond’. Feat. multiplayer battles, leaderboards & rewards, plus exclusive perks with the LizPass.

SKY SMASH x AXIE INFINITY — 10.28: Sky Smash, a game crafted by the Axie community, has integrated AXP (Axie Experience Points), an on-chain progression system for Axies.

UPLAND — 10.29: Upland debuted Susan G. Komen wearables, continuing its partnership with the world-leading breast cancer organisation to support the fight against breast cancer.


👬 Partnerships & Funding

HYTOPIA — 10.23: HYTOPIA announced a $3 million fundraise led by Delphi Ventures.

THE SANDBOX x HI WEB3–10.24: TSB and Web3 neo-banking app Hi announced a partnership, enabling the use of $SAND with the Hi debit card.

ILLUVIUM x ETHLIZARDS — 10.28: Illuvium is teaming up with EthLizards on their new game ‘Battle in the Beyond’.

SKY SMASH x AXIE INFINITY — 10.28: Sky Smash, a game crafted by the Axie community, has integrated AXP (Axie Experience Points), an on-chain progression system for Axies.


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