Metaverse Weekly Wrap-Up: Jan 2–8

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

Highlights:

  • Decentraland LAND cap soars 26% to pass ¼ billion ETH; records top sale (111+ ETH) in 11 months

  • NFT sales in 2022 match 2021 bull run; Otherdeeds record 3rd highest NFT trade volume in 2022

  • Illuvium deploys its third game — Illuvium Zero

  • The Metaverse takes pride of place in Central Hall at CES 2023 — featuring Somnium Space’s new VR headset, and virtual TVs!

  • SBF pleads not guilty to charges of fraud, as Animoca CEO labels him “a fake and a fraud”…&

  • Project updates for Axie Infinity, BYOPills, Decentraland, Somnium Space, Star Atlas, The Sandbox & Treeverse

💹 Market Data & Analysis

Join us on Tuesday 10 Jan at 5am UTC for our Metaverse Data Dive into our weekly data and a few of the interesting highlights.

Meta Rankings (7D)

In a healthy start to the year for crypto, Metaverse land NFTs were hardly immune from the action. OneLand 7-day data reveals total market cap for the 10 projects listed on OneLand rose 16.76% week-on-week to 934,311.67 ETH, or $1.18 billion.

Context:

  • Treeverse records its highest daily volume (34 ETH) in 8 months with volumes +250% and sales +158%, as its Pre-Alpha kicks off.

  • The Sandbox (19.95 ETH) and BYOPills (3.0 ETH) achieved their highest land sales since September.

Highlight:

Decentraland land cap is up 26% week-on-week from 204,510 ETH to 265,018 ETH. The fully decentralized virtual world achieved its highest sale for an Estate (111.42 ETH) in 11 months.

Trade Plots — Decentraland (1.2022–1.2023)

In terms of price performance, Decentraland was the clear winner in 2022 among the 10 metaverses on OneLand. That’s a nice bit of data to relish for the DCL MetaWeb3rs!

For explanations of our data calculations, check here.

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

Join us on Tuesday 10 Jan at 5am UTC (that’s Paris 6am, Beijing 1pm, Sydney 4pm!) for a Metaverse Deep 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

Otherside

Otherdeeds recorded the 3rd highest NFT trade volume in 2022 at $1.1 billion, behind Yuga Labs’ other blue-chip NFT projects BAYC and MAYC. The crucial difference — Otherside is a metaverse, and users who mint Otherdeed NFTs can secure a plot of land within Otherside.

NFT Worlds

  • Jan 3

NFT Worlds has eyeballed 2023 for a huge comeback following the disaster that befell it when Mojang banned NFTs from Minecraft servers. NFT Worlds is building its blockchain infrastructure using gaming API Meta Fab, and looking to onboard 1 million + players in its first year of public release.

FTX

  • Jan 3–8

Ex-FTX CEO Sam Bankman-Fried (SBF) pleaded not guilty to charges of fraud in a New York courtroom on Jan 3 (having taken to Twitter on NYE to deny moving Alameda-linked funds).

Meanwhile, the US Justice Department seized 56m Robinhood shares of SBF (approx. $450m), while prosecutors launched a website to notify SBF‘s allegedly more than 1 million victims.

Animoca Brands

  • Jan 5

Animoca Brands kicked off 2023 by cutting its metaverse fund target to $1 billion. It previously suggested a value of up to $2 billion.

CEO Yat Siu talks FTX/SBF, Animoca’s positions and the overall crypto & Web3 investment environment in a revealing Twitter Space.

DappRadar <> Decrypt

  • Jan 5

NFT sales volumes in 2022 nearly matched the 2021 boom despite recent months of falling sales and prices, according to data from DappRadar.

Decrypt’s article details the ebbs and flows in NFT trading across 2022 — through boom, bust and bear, the mint of Otherdeeds, Luna/UST crash and FTX collapse.

Coinbase

  • Jan 5

Coinbase announced a $50m settlement with financial regulators (NYDFS) over failings in its compliance systems, and vowed another $50m to upgrade them. COIN shares jumped near 15% on the news.

CES 2023

  • Jan 5–8

The Metaverse, Web3 and gaming featured at this year’s Consumer Electronics Show (CES) in Las Vegas’ Convention Center Central Hall, where the biggest exhibitors tend to appear.

Metaverse & Gaming, Creator Economy & NFTs and Digital Hollywood were some of the metaverse-related tracks at CES 2023.

Illuvium

  • Jan 6

Illuvium deployed its Zero Alpha game exclusively to Landowners, and published an explainer video. Zero is a F2P industrial building game available on mobile, PC and Mac.

🌄 Sales & Mints

Star Atlas

  • Star Atlas‘ Central Space Station Land Sale kicked off Dec 20 and is ongoing.

Memeland Captainz

  • Jan 4

Coveted collectible Memeland Captainz launched its 48hr NFT mint, then canceled it after receiving 9,999 deposits in just 11min! The Memeland Captainz NFTs were sold for 1.069 ETH each.

The Sandbox

  • Jan 6

TRIX and Y.GRAM’s joint NFT collection, I LOVE KARACTER, went live in The Sandbox Marketplace. NFT buyers can share revenue from character model fees among other benefits.

🎪🏅🎁 Events, Contests & Giveaways

Events

Somnium Space

  • Jan 5–8

Somnium Space took part in the Consumer Electronics Show (CES) 2023 and exhibited their new SomniumVR1 Headset.

Decentraland

  • Jan 5

Parcel Party teamed up with BabyDolls to hold Winter Fest‘ 23, a full day of fashion, art & music in Decentraland. Artists who performed included Stoneye, Soultry Dubs, King Mizo and Gucci Toe.

  • Jan 5–12

Soul Magic are holding a giveaway event to celebrate Master Kan and the Taoist MetaTemple entering Decentraland. Players exchanging resources in the Magic Circle in Soul Magic can win a Master Kan NFT, unlocking benefits in the Taoist MetaTemple.

Contests & Giveaways 🏅💰

Sandstorm

  • Dec 29

Sandstorm announced the results of the DCL Builder Contest #8 at their Decentraland HQ launch party. First prize won 2,500 USDC.

The Sandbox

  • Jan 1

Club XYZ held a Midnight in the Metaverse party to giveaway an NFT. Dress up in your best avatar, hit the dance floor and show off your best moves in the event.

Decentraland

  • Jan 2–15

Decentraland is running the DCL Contest #10 — Metaverse Olympics. Players need to develop a stadium and avatar animation showing a sporting event taking place there.

  • Jan 3–16

For 2 weeks, MetaPlay is hosting nation-themed quests in Decentraland (2,16), incl. British, American, French & more. Players need to jump over objects and submit a pic at the finish line to to win a parkour crown that can be redeemed for a wearable.

Axie Infinity

  • Jan 3–10

Axie Infinity is running a contest to find the best-dressed axies to celebrate their accessories update (see Project Updates, below). Upload a pic of your accessorised axie on Twitter with your axie ID, Ronin address and #AxieLookBook hashtag to win an exclusive Sky Mavis accessory.

Upland

  • Jan 4–8

Upland held a giveaway of 1 million UPX to 10 players! Entrants had to share a property they wished they owned in Upland but don’t, and why.

Catch up on this week’s Twitter Spaces, project streams & interviews:

Animoca Brands: Crypto’s 2023 feat. Animoca CEO Yat Siu

Crust Network: NFT Creator Royalties, Centralized Exchanges Opinions + More feat. OneLand, CryptoMeina

Otherside: Choosing the right Otherdeed for your Otherside journey feat. OtherSpaceFM

Somnium Space: Somnium Space LIVE

The Sandbox: Navigating The Sandbox as a Digital Creator feat Flickplay

The Sandbox: Voices From the Metaverse feat. NFT art curator Bruno Pitzalis [4min]

Upland: Q4 Roadmap Update & AMA

🛠️ Project Updates

Sandstorm

  • Dec 30

Sandstorm deployed its Decentraland social hub to on-ramp thousands more 3D builders, and bridge Decentraland and The Sandbox.

Follow your favorite builders with Sandstorm’s app.

Star Atlas

  • Dec 31

Multiverse P2E MMORPG Star Atlas published the Star Atlas Economic Report 2022 Q4.

Star Atlas kicked off its first land sale on Dec 20.

Decentraland

  • Dec 31

Decentraland dropped an awesome Recap 2022 Twitter thread and blog — covering PC & Mac clients, VR, wearables, SDK, incubator program, Fashion Week 2022, MV Music Festival ’22, royalties, emotes, land rentals & more!

  • Jan 1

New grant proposals will be paused for 2 months to let the Decentraland community focus on several upcoming governance decisions.

Treeverse

  • Jan 1

Treeverse published its Update #13. Included are January’s Game Jam, upcoming PVP in 2023 and a request for player feedback on monsters’ behavior and weapon varieties from the ongoing Pre-Alpha.

Axie Infinity

  • Jan 3

Axie Infinity players can now equip their axies with accessories, as well as trade and equip them in the marketplace.

Somnium Space

  • Jan 4

Somnium Space published an article on the new Somnium VR1 Headset, exhibited at CES 2023.

BYOPills

  • Jan 4

BYOPills tweeted a few nuggets of Alpha to kick off the New Year:

  1. BYOCassettes minting will go live Jan 16.

  2. A major BYOHub update is due at the end of January.

  3. A first playable version of the Racer is coming in April.

Check BYOPills’ Discord for more info.

The Sandbox

  • Jan 6

The Sandbox published a glimpse of the next version Game Maker, incl. multiplayer features, lighting and visual effect upgrades, audio/video streaming and equipment support in social hubs.

👬 Partnerships

PUBG Studios <> Banger Games

Battle royale game PUBG Battlegrounds will integrate NFTs thanks to a new partnership with Web3 gaming platform Banger Games. Players can enter 3 different gaming modes: Kill Frenzy, Ghost Killer & Mad Max.

Ubitus <> Sansar <> LG

  • Jan 3

VR platform Sansar partnered with cloud provider Ubitus and South Korean tech giant LG Electronics to launch the first-ever HiFi metaverse platform on smart TV at CES 2023.

Oorbit <> LG Electronics

  • Jan 3

LG also struck a deal with cloud streaming firm Oorbit, that will enable users to enjoy virtual worlds and experiences such as virtual concerts on LG Smart TVs.

H&M<>Dubit

  • Jan 4

H&M partnered with metaverse studio Dubit to launch immersive gaming experience Loooptopia on Roblox. The game allows players to experiment with materials and patterns, and create a virtual garment and wardrobe for their avatar.

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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