Metaverse Weekly Wrap-Up: May 16–22

Highlights:

  • Voxels rolls out its $FOLK airdrop, sparking increased trade and a rocketing floor price.
  • Otherside halts all Apes and Mutants claims on Otherdeeds.
  • The Sandbox acquires gaming & dev-tech firm Cualit, renaming it The Sandbox Uruguay.
  • The Sandbox holds an AMA on its land owner roadmap.
  • A solid market performance for Decentraland, as it kicks off its 2022 Game Jam and hosts the 1st NFT Movie Festival.
  • Bloktopia announces its impending Genesis NFT land pre-sale to kick off in the week commencing May 23.

1. Market Data & Analysis

This week, Otherside maintained its upward momentum. The new metaverse (still far away from a real launch, of course) is up another 8.22% on last week, hitting yet another new top of $1.3bn. Decentraland also had a good week, its market cap increasing a healthy 5.53%.

Meanwhile, OneLand’s heatmap shows other projects experiencing dips in total land value. Event-filled weeks for both Somnium Space and The Sandbox in particular appear to have done little to rekindle investor sentiment.

In any case, new listings on Pastel Island and the $FOLK airdrop returned some attention to Voxels. The airdrop intended to help fuel a new tipping mechanism. Voxel’s trading volume and average parcel price both rose by 69.3% and 100% respectively this week.

This week, Decentraland performed well across several key data points. The Game Jam which kicked off on May 17 seems to have been the trigger that grabbed players’ attention. On the same day, Estate 4891 sold on Decentraland’s marketplace for 105.31 ETH in its highest-priced transaction since March 10, while the floor price was up 65% for the week.

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

2. Market News

Voxels

  • 17/05

Voxels listed several parcels on its Pastel Island. The island is located in the northwest section of the Voxels map and is divided into three blocks.

The Sandbox

  • 18/05

The Missing Parts NFT collection was listed in The Sandbox Marketplace. It includes flying buses and flying robots.

  • 19/05

The Sandbox acquired the Uruguayan company Cualit.

Cualit is a full-stack development firm experienced in gaming. Cualit will become The Sandbox Uruguay, expanding The Sandbox global team and accelerating growth of its metaverse ecosystem.

Bloktopia

  • 20/05

Bloktopia announced its Genesis NFT Land Sale portal to launch pre-sales in the week commencing May 23.

3. Events

Voxels

  • 17/05

The “DAWN of ETERNAL SPIRITS” collection went on display in Voxels gallery.

The pre-sale mint began at 11 AM UTC.

  • 18/05

Voxels started rolling out their $FOLK airdrop.

The airdrop intended to help fuel a new tipping mechanism. A snapshot was taken on May 9 of all parcel and costume holders on the platform, each of whom will receive a portion of the delicious new coin coming their way.

  • 22/05

Voxels held a BItcoin Pizza Day to celebrate the special moment in blockchain history.

The Sandbox

  • 18/05

NFTfi.com held an AMA with The Sandbox in The Sandbox’s Discord.

  • 20/05

The Sandbox held a special AMA in its Discord server to discuss its LAND owner roadmap.

Topics covered included SAND airdrops to all landowners as well as The Sandbox Game’s claim, stake, buy, build, migrate and meet functions.

Otherside

  • 22/05

Otherside halted all claims for Otherdeeds from Apes and Mutants on May 22.

Otherdeeds that haven’t been claimed now go to the Yuga Commons to be used exclusively by the community, partners and SDK developers for testing, public events, builds and other Otherside initiatives.

Decentraland

  • 20/05

RLTY held the 1st NFT Movie Festival in Decentraland.

Attendees who were unable to reach Cannes could watch LIVE in Decentraland. The event also included speeches, workshops, networking and NFT auctions.

4. Contests

Decentraland

  • 17/05

The 2022 Decentraland Game Jam commenced.

The Game Jam runs from May 17 till June 14.

Entries must be a Decentraland Scene with a maximum size of 4x4 parcels, that works in Decentraland without any blocking bugs.

This year, the Decentraland Foundation is partnering with MetaGameHub DAO, the organization that created the DCL-Edit tool. To encourage more creators, MetaGameHub DAO will offer their own set of rewards for entries created using DCL-Edit.

5. Project Updates

NFT Worlds

  • 16/05

NFT Worlds released a new Deck to showcase everything in the NFT Worlds platform.

Decentraland

  • 18/05

Decentraland updated their Chat and Friends interface.

The Sandbox

  • 19/05

The Sandbox released a new version of its metaverse map. Landowners can now upload logos to their 1x1 Lands.

Voxels

  • 20/05

Voxels released the weekly Devs roundup.

6. Partnerships

The Sandbox

  • 16/05

RLTY entered The Sandbox, introducing simple event-building tools that allow anyone to launch Metaverse events.

RLTY’S revolutionary toolkit and event architecture will allow brands, artists and businesses to launch virtual events in The Sandbox in just a few clicks. In addition, RLTY purchased a 6x6 LAND to showcase the power of its architecture.

  • 17/05

The Sandbox partnered with Studio Dragon to build the K-Drama Metaverse which will include a K-drama playground with players able to mint avatar accessories and game item NFTs.

  • 18/05

The Sandbox partnered with Jamiroquai, the seminal jazz-funk band led by Jay Kay, bringing the group’s free-spirited essence to Web3.

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

Discord: OneLand

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