Metaverse Weekly Wrap-Up: July 4-10

Highlights:

  • Good weekly recoveries for The Sandbox, Somnium Space, Worldwide Webb & Voxels
  • Decentraland launches a Beta version of its Mac desktop client
  • The Sandbox and Decentraland both launch bounty programs for finding bugs
  • Otherside holds two load tests to prepare for the upcoming First Trip demo

&

  • Thumbay Group to launch the first fully functional virtual hospital in the Metaverse!

1. Market Data & Analysis

Though overall aggregate land market cap and trading volume for all 7 metaverses on OneLand fell by 4% and 14.3% respectively this week, several projects showed some positive movements for the week.

The Sandbox had yet another active week, with the launches of Ledgerverse and its Bug Bounty Program helping the metaverse to keep its community focused. Trading volume made a significant recovery last week, up 18.6%, while land market cap was also up 3.7%.

Meanwhile, trading volume continues to fluctuate in Decentraland, down 37.6% this week on the back of recent week-on-week movements of +137%, -84%, +9.5% and -15%. Market cap was also down significantly (-15.1%).

Otherside held two load tests this week in preparation for its First Trip tech demo set for July 16. Nevertheless, enthusiasm continues to wane overall from the peaks of May, when lands first sold, sales declining by 19.8% this week, canceling out last week’s up-trend. Meanwhile, NFT Worlds’ trading activity continues to fizzle, recording a second week of sizable double-digit declines in trading volume (-29.8%).

Sales for Worldwide Webb were back up this week by 18.9%. The metaverse has been hard at work on development, with the project continuing to post weekly progress updates in an effort to maintain energy amongst the community amidst the hefty recent challenges of the bear market.

Meanwhile, Somnium Space had another good week, weekly sales reaching 11 after poor showings of just 5 and 1 transactions over the previous fortnight and its overall market cap showing signs of recovery, up 12% for the week.

Top Sales by metaverse (7D):

Otherdeed #2118: 135 ETH (7.5)

NFT World #4567: 9.99 ETH (7.5)

The Sandbox #87503: 8.8 ETH (7.10)

Decentraland LAND: 5.5 ETH (7.9)

Somnium Space #946: 2.99 ETH (7.5)

Voxels #318: 2.5 ETH (7.6)

Worldwide Webb #8373: 1.5 ETH (7.9)

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

2. Market News

The Sandbox

  • July 8

Quests of Triloga launched the JATU Collection on The Sandbox Marketplace.

Cardano

  • July 5

The Cardano Metaverse utility token LONIA went on pre-sale for investors who wanted to acquire it at a discount before its official listing on exchanges.

  • July 7

Cardano Island launches its pre- and public land sale. Cardano Island forms part of Terra Virtua, a gamified metaverse where you can play and interact with iconic brands, build and showcase your NFT collection.

Planetarium Labs

  • July 7

Planetarium Labs, which is building a community-driven Web3 game network, has raised $32 million in a Series A funding round led by Animoca Brands. The funds will be used to build out its network with tools for gaming and player governance.

Thumbay Group

  • July 7

The UAE together with healthcare provider Thumbay Group will launch the first hospital in the Metaverse, to go live in October. The virtual hospital will be fully functional, with patients able to visit as avatars, and interact with doctors.

3. Events

Decentraland

  • July 4

Decentraland co-founder Esteban Ordano published an article to discuss his thoughts on the recent Davos 2022 World Economic Forum.

  • July 8

Everyrealm held a Metaverse release party in Decentraland to celebrate Nancy Ajram’s new single SahSah.

The Sandbox

  • July 6

The Sandbox took part in a Twitter Space hosted by Ledger to preview the Ledgerverse in the Metaverse.

  • July 6

The Best Wallet held a Twitter Space with The Sandbox to discuss the future of Web3 and the Metaverse.

  • July 8

The Sandbox announced the winners of the Pororo Game Jam.

Voxels

  • July 6

Voxels hosted their Weekly Voxels Twitter Space.

NFT Worlds

  • July 8

NFT Worlds hosted their first weekly Twitter Space, The Weekly WRLD. The Twitter Space will focus on NFT Worlds and related projects.

4. Contests & Giveaways

The Sandbox

  • July 4

Tuschay held a giveaway on Twitter. The winner received a People of Crypto avatar and Funguy Coin NFT.

  • July 5

The Sandbox launched The Sandbox Bug Bounty Program. People can obtain rewards for reporting bugs, with the rewards earned depending on the severity of the bug detected.

Decentraland

  • July 5

Decentraland launched their bounty program on Immunefi, with rewards distributed based on the impact of the vulnerability.

Somnium Space

  • July 9

Somnium Space held a Times Sci-fi Character Contest. Join the Somnium Times Discord and send ideas in the short-fiction channel to take part in the contest. The winning sci-fi character will be announced August 8.

5. Project Updates

Decentraland

  • July 4

Decentraland launched a Beta version of its Mac desktop client.

Download link:

Feedback link:

Otherside

  • July 6

Otherside held 2 load tests on July 6 and 9 in preparation for the First Trip tech demo on July 16.

Worldwide Webb

  • July 5

Worldwide Webb released an update on recent expansions to their marketing, developer and art teams.

6. Partnerships

The Sandbox

  • July 7

The Sandbox partnered with CJ ENM to introduce diverse content for Gen Z in the Metaverse.

7. One Week in OneLand

  1. Media Hub — Beta version — is available!
  2. We published our Monthly Data Report

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_World

Subscribe to OneLand
Receive the latest updates directly to your inbox.
Mint this entry as an NFT to add it to your collection.
Verification
This entry has been permanently stored onchain and signed by its creator.