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

Highlights:

• Otherside sells an Otherdeed (& BAYC NFT) for 160 ETH — prices, land cap on the rise

• Saudi Arabia’s Digital Government Authority signs MOU with The Sandbox

• The SEC shuts down Kraken staking

• Customisable Illuvitars are coming to Illuvium: Beyond

• Metaverse for Humanity WEOM goes live with its Land Portal

• TheSandbox updates VoxEdit, makes staking adjustments…&

• Updates at Decentraland, Otherside, Upland & WorldwideWebb

💹 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.

OneLand data shows total land caps (7D) for the 10 metaverse projects listed up 1.05% to 942,217 ETH. Those of Otherside, The Sandbox and NFT Worlds all increased, while Decentraland fell 3.5% to dip below 250k ETH. In USD terms, however, land caps fell by 7%, reflecting a similar 7% 7-day loss for $ETH.

Context:

• $SAND rocketed 28% to $0.92 on Feb 7 as The Sandbox signed a MOU with the Saudi government to work together on the future metaverse (see Market News). But the gains were sold in 48 hours, $SAND ending the week -4.9% to $0.70 (up 83% YTD).

• $SAND, $MANA (-10.8%) and ETH (-7%) experienced a second week of correction from their January rallies.

• Trading activity at NFT Worlds continues to cool from January, recording 20% less volume and 30% less sales WoW, while native token $WRLD also corrected 29.5%. But perceived value still appears to be healthy (average price +13%), with an NFT World sold for 3.69 ETH its 2nd top sale in 5 months.

Highlight: Otherside

Monthly NFT sales hit $1bn in January for the first time since May last year. Yuga Labs’ collections accounted for a full 34% ($324m) of it, as well as all the Top 5 by volume, its blue-chip metaverse dream Otherdeeds ranked #4.

160 ETH for an Otherdeed on Feb 9 was the top sale since Sep 27 (though it came with a BAYC NFT!), pushing the 7-day Average Price up 33% to 4.1 ETH. YTD, both Average Price and Floor Price are up, 18.7% and 17.9% respectively.

It also lifted Otherdeeds’ land cap by 3.26% to 434,793 ETH (or $652.8m). Total land cap for Otherside is already up 13% YTD, and 20% since hitting an ATL of 362k ETH in November.

Otherdeeds’ WoW trade volume of 1486.68 ETH ($2.33m) (+16.2%) dwarfed 2nd-placed The Sandbox with 112 ETH by a factor of 13, as anticipation continues to build in the community for the coming Otherside.

🗞️ Market News

META — Feb 7: Meta announced it will launch the first metaverse academy for the Middle East & North Africa (MENA) in Saudi Arabia on May 1.

THE SANDBOX — Feb 7: The Saudi Arabia Digital Government Authority (DGA) signed a MOU with The Sandbox for future Metaverse development at the LEAP 2023 conference in Saudi Arabia. Check Partnerships for more info.

DONATION TO EARTHQUAKE VICTIMS — Feb 9: The crypto community raised at least $11.7m as of Feb 9 for earthquake victims in Turkey and Syria.

KRAKEN — Feb 9: The SEC shut down Kraken’s staking program for being an unregistered security. But as Stacy Elliott writes, some investors think it could be a boon for decentralized alternatives.

BINANCE — Feb 9: Coindesk reports that Binance is organizing a crypto consortium to rebuild faith in the sector, with several exchanges, projects and blockchain analytic firms.

ETHEREUM — Feb 9: Ethereum completed a successful simulation for withdrawing staked ETH in readiness for the “Shanghai Fork”, which is expected to happen in March and is its biggest upgrade since last year’s switch to PoS.

Whether it will push the price up (with more people wanting to stake, knowing they can withdraw) or down (as stakers flock to remove their ETH, some staked as far back as 2020) remains to be seen. About 14% of all ETH is currently staked ($29bn).

SUPERBOWL — Feb 10: Super Bowl themed avatars released on Reddit for free were a huge hit, with half a million users picking them up in 24 hours.

But this year there were no crypto ads. Last year’s event in contrast included advertisements for Coinbase, crypto.com, eToro and — you guessed it — FTX.

🌄 Sales & Mints

WEOM — Feb 9: WEOM’s Bazaar & Land Portal went live.

Seed Pass holders can select their land plots where they wish in the EARTH, FIRE, WATER or AIR districts, and might want to do so before the Private Sale kicks off on Feb 15.

The Land Portal is a beautiful experience, and open for all — have your sound on to maximize it: https://bazaar.weom.xyz/island

VOXELS — Feb 6: 10 Chronos Island parcels were added to the landworks.xyz renting pool and 2 parcels listed on OpenSea.

THE SANDBOX — Upcoming: The Sandbox teased an upcoming LAND sale. Stay tuned.

UPLAND — Feb 9–10: Upland ran a Landmark Auction for the iconic Cadillac Place in Detroit, the former General Motors Building.

RABBIDS — Feb 7: The first 750 who sign up get AllowListed for the upcoming Feb 21 public sale of 2,066 unique Lunar New Year Rabbids avatars.

🎪🏅🎁 Events, Contests & Giveaways

Events

WORLDWIDE WEBB — Feb 9: Worldwide Webb ran a 5v5 PVP competition in its new MOBA for 2 hours with a 1ETH prize pool.

SOMNIUM SPACE — Feb 11: ROOTv held a Virtual Cool Cat Disco Party at Roots Club in Somnium Space.

DECENTRALAND — Feb 11: Decentraland held a party to kick off Metaverse Carnaval Week ’23 (MVCW) in celebration of the famous Brazilian festival. Participants can enjoy a virtual environment full of color, music and fun.

DECENTRALAND — Feb 13–17: BCBGMAXAZRIA conducted a debut event in Decentraland for an exclusive collaboration collection with celebrity stylist Maeve Reilly.

Contests & Giveaways

ILLUVIUM — Feb 6: Illuvium raffled off a Tier-1 land plot to celebrate its partnership with on-chain data provider Chainlink, who are integrating price feeds to help determine the $sILV2 price.

UPLAND — Feb 6–10: Upland ran its BIg Game Challenge — a gridiron test (for players with NFLPA Legits) with prizes in UPX, Spark and (the ultimate prize) the Football Turtle Block Explorer.

THE SANDBOX — Feb 8 — Mar 1: Jump into McDull LAND here and take a selfie with McDull to win a Lunar New Year Fortuna hat NFT.

Feb 8 — Mar 7: The Sandbox’s February Festival has opened for everyone (you can register here) with 30 experiences. Prizes include individual experience rewards, 500k SAND, NFTs, Mystery Boxes and memorabilia.

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

DECENTRALAND: Future of ESports in the Metaverse hosted by MetaGameHub Dao

DECENTRALAND: Wearable Wednesdays feat. Doki Doki Deez Hands & Nikki Fuego

ILLUVIUM: The Escape Pod: Episode 2 with Head of Game Design

NFT WORLDS: Weekly WRLD — UI/UX with Dann Petty

OTHERSIDE: Community Collabs & Marketing in the Otherside hosted by OtherGuild

OTHERSIDE: Legends of the Mara & Personalizing your Deed hosted by OtherSpace

SOMNIUM SPACE LIVE: World Exploring

THE SANDBOX: New VoxEdit

🛠️ Project Updates

ILLUVIUM — Feb 6: Illuvium announced that its customisable Illuvitar NFTs will be launched on Mar 7 in ‘Illuvium: Beyond’. Illuvitars will have in-game utility across the entire Illuvium universe and be customisable with a range of accessories.

THE SANDBOX — Feb 7: Staking pools were refilled with 200k $SAND (per week) for the next 4 weeks.

Feb 8: The Sandbox launched updates to VoxEdit incl. improved selection tools, menus, hotkeys and shortcuts, as well as faster loading times, not to mention localization in 11 languages!

Feb 9: The SAND cap for LAND owners staking pool increased from 1k to 2k per LAND.

Feb 12: The Sandbox posted a 2022 Recap thread in Twitter. It covers 35+ collections of interoperable avatars, new virtual land neighborhoods, 1.3m game client installs, $SAND staking & more.

**UPLAND — Feb 7: **Upland integrated Ready Player Me 3D avatars for all its players.

WORLDWIDE WEBB — Feb 8: PvP beta testing opened to all Worldwide Webb Apartment holders, with a live battle on Feb 9 (see Events, above).

DECENTRALAND — Feb 11: Decentraland announced that new wearables and wearable features will launch soon, inspired from ideas and feedback from the recently launched WearableWednesdays Twitter Spaces and in time for the upcoming MVFW23.

OTHERSIDE — Feb 11: Otherside released a behind-the-scenes look at the design process for Otherside environments.

Feb 12: The Otherdeed marketplace added 2 new sorting functions — Fair Value Undervalued & Fair Value Overvalued — to assist in valuing an offering price.

👬 Partnerships

THE SANDBOX — Integrations:

Feb 7: Rabbids avatars from games publisher Ubisoft. Lunar New Year Rabbids avatars minting begins Feb 21 — sign up to get on the AL.

Feb 8: Zzoopers playable avatars from MetaOasis DAO.

Feb 13: OctoHedz avatars.

THE SANDBOX <> ZEPTOLAB — Feb 7: Creator of Cut The Rope, global games company ZeptoLab, is teaming up with The Sandbox to build a new virtual space, and develop digital collectibles, avatar accessories and wearables.

WORLDWIDE WEBB — Feb 8: Pixel Groupies NFTs were integrated into Worldwide Webb.

CRYPTOSKYLAND <> LASMETA — Feb 8: P2E VR poker platform LasMeta announced a partnership with CryptoSkyLand, a company offering tools, SDKs and other services for creators.

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