Metaverse Weekly Wrap-Up: May 1–7

Market Data | Market News | Sales & Mints | Events Contests & Giveaways | Twitter Spaces Project Streams & Interviews | Project Updates | Partnerships |

Highlights:

  • TOPIA is the new metaverse in town.. as NFT Worlds rebrands to try excite the non-Web3 world

  • Blur launches peer-to-peer NFT lending protocol Blend

  • Stripe to launch simple fiat-to-crypto on-ramp solution

  • Relaunch of 1st game in Decentraland, The Sandbox kickstarts its May Festival, WEOM offer Meditation on Mondays… plus win in many more events & contests

  • Updates at Arcade, Upland, Big Time &…of course, **NFT Worlds…**as…

  • Esports up their game in the Metaverse!


💹 Market Data

Earn 3.74%* APY staking your The Sandbox LAND. Earn 12.01%* APY staking your $SAND. (* 2:43pm, 5.11.23). Stake with us

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

OneLand 7-day data shows aggregate land market caps for the 10 listed metaverse projects down 2.33% to 793,750 ETH, or $1.49b (-1.84%). $ETH ended the week down just 0.42% to $1,872.48, while metaverse tokens including $SAND (-5.17%) and $MANA (-7.27%) suffered bigger losses.

Top Weekly Performer by Average Price / Metaverse Heat Index (7D)
Top Weekly Performer by Average Price / Metaverse Heat Index (7D)

Sales counts and trading volume were down for most metaverse projects this week, major exceptions being The Sandbox (+139.5%) and Decentraland (+19.7%). Trading at BYOPills, Somnium Space (-100%), Voxels (-36%) and Worldwide Webb (-51%) were all down significantly over the past 7 days, and particularly since the start of April.

It mirrored global NFT sales, which tumbled another 12%, now down by more than 50% over the past month.

The Sandbox picked up its top sale in over a year just days ahead of the official kickoff of its MegaCity3 LAND sale.

LAND #82768 passed hands for 300k $USDC, just over 160 ETH, on Apr 6, increasing its 7-day average price (+133%) and volume (+140%), but not its total land cap which fell 3.2% on the back of a lot of much cheaper sales.

Cheap sales brought down The Sandbox LAND cap, regardless of its top sale in 13 months.
Cheap sales brought down The Sandbox LAND cap, regardless of its top sale in 13 months.

Otherside also picked up a big sale, with 200 ETH for an Otherdeed its top sale in 6 weeks.


🗞️ Market News

BLUR — 5.2: Blur launched its new peer-to-peer lending protocol Blend, allowing NFT owners to use NFTs as collateral to take out loans, while enabling liquidity providers to earn interest on supplied ETH.

Blur claims the “Buy now, pay later” protocol will charge no extra fees to buyer or seller. All the attention led to a dramatic launch. This cautionary tale may help guide.

SOTHEBY’S — 5.1: Auction house Sotheby’s launched an on-chain P2P secondary NFT marketplace, commencing with works from 13 artists incl. Diana Sinclair and Tyler Hobbs, followed by sales of works by a revolving rotation of artists.

In June, Sotheby’s will also launch a digital gallery via metaverse platform oncyber.

ETHEREUM — 5.3: Milk Road breaks down the results of the Shanghai (Shapella) upgrade:

  • Only 2% of staked ETH withdrawn so far

  • People are collecting their staking rewards, not their deposited ETH

  • More ETH is being staked over time

OPENSEA — 5.3: Former OpenSea manager Nate Chastain was convicted for insider trading after he used knowledge of which NFTs would be featured on OpenSea’s homepage to earn $50k+ in profits. Chastain claims he had no knowledge he violated any rules or policies.

AI <> GOOGLE — 5.3: Prominent figure in AI Geoffrey Hinton (aka The Godfather of AI) left his role at Google to speak out on the dangers of AI.

POLYGONAL MIND - 5.3: Polygonal Mind studio relaunched the first ever platform game in Decentraland, Tomb Chaser. In a new twist, the game originally built as a sacred Egyptian pyramid has transformed itself into a cyberpunk Aztec pagoda.

STRIPE — 5.4: The financial giant announced it will launch a new fiat-to-crypto on-ramp solution, making it easy for customers to purchase cryptocurrencies. Devs can embed a crypto-purchasing widget into their site or app with just 10 lines of code.

NFT WORLDS — 5.5: NFT Worlds rebranded to its new name — introducing TOPIA! — and migrated to a new contract. Topia Worlds has been airdropped to all previous NFT Worlds holders, and trading has resumed.


🌄 Sales & Mints

THE SANDBOX — Till 5.10: Raffle signup for China cultural hub Mega City 3 LAND Sale (May 11–17) of 222 regular & 12 Premium LANDs (w/ exclusive NFTs); 6 Estates, 12 1x1 LANDs to be auctioned on OpenSea.

Learn and check out these short videos showing what landowners and partners of MegaCity3 are bringing to The Sandbox.

UNTITLED,XYZ x PANGEA DAO — 5.1: New NFT project ARQs are 300 unique QR code inspired 3D building blocks optimized for the metaverse & beyond.

STAR WARS CRYPTOYS — 5.4 / 5.24: NFT startup Cryptoys launched its Star Wars digital collectible toy collection. Its last collection was its Masters of the Universe collaboration with Mattel. The NFTs are set to drop May 24 and will sell for $39.99.

STARRY NIFT — 5.3: StarryNift launched a $1m artist creator fund, and unveiled its first co-creation — AI ANIMO NFT, with AI artist Mia. The NFT is sealed in a mystery box with AIGC Avatar, Composable 3D Space & embedded Sui token lucky draw. Mint here.

StarryNift plans to collaborate with and integrate more artists & original IPs into its 3D space.

TOPIA — 5.5: NFT Worlds’ trade history and sales has been fully migrated to the TOPIA Worlds collection after its rebranding to new name TOPIA, and assets trading has resumed.


🎪🏅🎁 Events, Contests & Giveaways

SOMNIUM SPACE — 5.4: Make other people laugh — in VR — at Somnium Space’s new weekly JOKES on YOU event — every Thu 8pm UTC.

THE SANDBOX — 5.10–6.6: Up to $1m SAND to win & 70+ experiences to enjoy in The Sandbox’s May festival.

WEOM: Meditation Mondays — guided meditation sessions led by holistic healing practitioner of 15 years from non-profit Purple Lotus Collective. Every Monday, 12:30–1pm UTC.

CONTESTS

UPLAND — 5.2–6.2: Get your hands on 1 of 64 rare London Map Asset Chess Pieces in the London Map Asset Chess Giveaway. Visit an Upland Bureau Showroom or purchase a London Map Asset to earn entries.

THE SANDBOX — Till 5.9: DanceFight is running a Twitter giveaway of 5 Wild Ones Avatars.

5.1–5.14: The Walking Dead VoxEdit Contest. 15k SAND in prizes.

5.4–18: Test your sporting skills, prove your worth and ascend to the Liberty Dome in Liberty Legends.

HIGH STREET x TALON ESPORTS — 5.5: Unlock the Talon Booster in the Highstreet x Talon Booster Unlock Campaign to celebrate the new partnership and win $HIGH in the upcoming race.

METAFLUENCE — 5.6: Discord Playground Season 2. Users who advance to the top 10 win Land plots and $METO. Go to Metafluence’s Discord for more details.

KENKA METAVERSE x SAFEPAL WALLET — 5.8–17: Win a LB item usable for all characaters & the chance to grab a SafePal & TTX collab hardware wallet in this giveaway.


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

COMEARTH: Business Opportunities in the Metaverse

DECENTRALAND: Wearable Wednesday

ULTIVERSE: The Future of Web3 Gaming: NFTs & AI-Driven Gameplay

SOMNIUM SPACE LIVE: Soul Sunday at Incrediworlds Parcel #4302

THE SANDBOX: Mega City3 — Nouse AMA / Game Maker Tutorial — Setting up Quests / How to Use WorkSpaces / Play YOUR Parkour Game Jam Entries / Metalympics


🛠️ Project Updates

ARCADE — 5.2–5.9: The claim site went live for landholders to retrieve their limited-edition Arcade Drops — each Land gets 2 starter NFT Items to complement your land and unlock future potential.

UPLAND — 5.2: 14 London Map Assets chess piece designs are on sale at any of the 5 new Upland Bureau Showroom locations throughout Upland.

5.4: New Global Asset Search. Filter your search for assets across Upland (block explorers, cars, legits, map assets…) based on an offer, secondary market price, token name and mint number.

NFT WORLDS > TOPIA 5.5: NFT Worlds has rebranded, migrated to a new contract…and are now TOPIA.

BIG TIME — 5.5: Patch 0.26 went live, feat. new classes, weapon combo revamps & more.


👬 Partnerships

THE SANDBOX <> MEGA CITY - 5.1: The Sandbox tweeted a thread revealing info on what MegaCity landowners and education partners (incl. Hong Kong Design Institute, Ledger & more) are bringing to students in the Metaverse.

THE SANDBOX x GAMER ARENA - 5.3: The Sandbox partnered with Turkey’s leading gaming platform Gamer Arena, integrating Gamer Arena’s ‘Challenge & Earn’ and The Sandbox’s ‘Play, Create, Earn’ models.

HIGH STREET x TALON ESPORTS - 5.5: Metaverse Highstreet World is teaming up with Talon Esports to promote esports in the Metaverse.

RUNIVERSE <> ESL ESPORTS - 5.3: Run-to-earn game Runiverse is expanding into esports with esports’ biggest tournament platform ESL. Runiverse NFT holders benefit from an additional layer of player involvement, incl. a 6% reward from the prize pool.

MYSTEN LABS / SUI - 5.3: Mysten Labs onboarded 11 gaming partners for its new Layer 1 blockchain Sui.


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