Metaverse land caps stable for the week, as Decentraland and Arcade Land record top sales
Decentraland announces its second Metaverse Music Festival, to happen Nov 10–13
MVMF22’s lineup released — includes Ozzy Osbourne among over 100 other artists
Aptos launches its new blockchain, as NFT sales boost push Cardano into top 3 of NFT chains
BYOPills launches a BYOHub for its community
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OneLand 7-day data shows aggregate land market cap for the 10 metaverse projects up 3.52% to approximately $1.283 billion, while trading volume fell 1.63%. There were no big weekly movements in land caps of metaverse projects in a week in which the price of ETH held relatively steady, up 4.4%.
The Sandbox’s land cap was steady for the week, up 1% to push past 190,000 ETH. Weekly average prices continue to look cheap at 1.42 ETH, having dipped below 2.0 ETH at the end of August and not rising above that since. Trading volumes (-28.5%) have also been retreating again since The Sandbox launched its landholder-only staking program a month ago. (In our upcoming October report, we will assess the performance of land sales over the duration of Alpha Season 3 (Aug 24-Nov 4) compared to AlphaS1 and S2 (which both ran 4 weeks)).
Meanwhile, Decentraland’s average price jumped 45% to more than double that at 3.18 ETH in a week which saw an Estate sell for 31.01 ETH. Decentraland’s second annual Metaverse Music Festival (MVMF22) was announced this week to happen Nov 10–13 and will be hoped to renew interest in the metaverse’s virtual real estate. Sales numbers (though down for the week 29%) and volumes (+3.2%) have been creeping upwards over the past couple months. Unique landholders are on the rise, as holding concentration loosens at Decentraland, while the opposite seems to be happening at The Sandbox.
Voxels’ holder numbers were down for the week, but they are also up for both the month and the year.
In its highest sale in nearly three months, a parcel in Arcade Land sold for 11.79 ETH. The sale composed 40% of its weekly trading volume (+27%) and helped Arcade Land to a second consecutive week of higher land cap, volume, sales and average price. However, there were no premium sales of BYOLands this week, nor indeed any week over the past month. But trading activity had a definite pickup from last week’s lull, sales numbers recovering even if average price fell. BYOLands’ land cap ended the week down 6.4%.
For comprehensive market and metaverse project data, check oneland.world.
The new Aptos blockchain launched but not without a few hiccups.
Cardano jumped into the top 3 of NFT blockchains when its number of trades jumped 40% and sales volume soared 132% in 24 hours.
The late and extremely great boxer Muhammad Ali’s estate filed a trademark for Web3 products that include NFTs and downloadable clothing. Meanwhile, an upcoming Muhammad Ali biopic being developed by Studio Pictures and the launch of NFTs tied to the film.
Humanity-centred metaverse WEOM published a brief article in Medium to introduce itself.
Community driven AI firm Stability AI secured a $101 million seed round investment from Coatue Mgmt and Lightspeed Venture Partners, earning unicorn status with its now $1 billion valuation.
Ripple announced the latest recipients of its $250 million NFT Creator Fund. They include virtual event ticket seller 9LEVEL9, Japanese NFT marketplace Anifie, NFT sports platform Capital Block, XRP NFT marketplace NFT Master and NFT membership project ThinkingCrypto.
Ripple, founder of 6th largest cryptocurrency XRP, obtained sought after documents of a former SEC official who in 2018 declared Ethereum not to be a security. The evidence could be key for Ripple in its legal battle with the SEC who claims XRP was sold as an unregistered security.
Metaverse casino Slotty was hit with simultaneous cease-and-desist orders from 4 state enforcement bodies across the U.S. which have deemed the company’s NFTs as unregistered securities.
Web 3 company Arcade raised $3.2 million in a seed funding round led by crypto.com, with support from KuCoin and Solana Ventures. Arcade will provide GameFi services that do not require players to own expensive characters or land NFTs.
Media goliath Warner Bros announced the imminent arrival of its NFT-powered Movieverse, and plans to bring cinema classic ‘The Fellowship of the Ring’ to Web3.
Lords of The Lands commenced its new round of Land sales, offering standard (0.2), platinum (0.4 ETH) and prime (0.8 ETH) land NFTs. LOL landlords can earn monthly rentals in Ethereum.
The Czech National Theater launched its first ever NFT, and held an auction inside the SomniumSpace SOPRG gallery. The proceeds will be used to build a rehabilitation and physiotherapy center for dancers.
The following NFT collections went live in The Sandbox Marketplace:
Oct 17 — Much Doge Pack by Lords of Dogetown
Oct 21 — CryptoWeen by Paris Hilton:
Oct 21 — Light Trail Adventures
Oct 22 — The Funguys Kingdom Collection Vol.1
Voxels listed 10 more parcels from Chronos Island on OpenSea.
The lineup has been released for Decentraland’s upcoming 2022 Metaverse Music Festival, from Nov 10–13. More than 100 artists from all genres, including Ozzy Osbourne, Dillon Francis and Soulja Boy, will be performing on 15 unique stages in Decentraland.
Crystal City — a district hosting offices, shops, galleries, events and featuring Crystal Tower, the tallest multi-use building in Decentraland — was opened to the public, with a launch party.
Oct 21: First Annual FMF365 Halloween Bash
Oct 21:Save The Date Halloween Party.
Oct 22: Crypto Musica Television hosted a Spanish music party.
The Sandbox took part in the MEGAMIGS Festival in Montreal, Canada to showcast new features on the Game Maker.
Near & MasterMinds DAO held the AMAPIANO ROCK Fest in Voxels.
The Sandbox announced its new ‘Halloween Edition’ VoxEdit contest. The contest lasts Oct 17–31, and requires entrants to create “the scariest, spookiest, creepiest creature of the metaverse”.
The Sandbox held a Twitter giveaway to celebrate star footballer Sergio Kun Aguero entering the Metaverse. Entrants can win a football jersey signed by Kun and 120 $SAND.
PvP fighting game Galaxy Fight Club released the second round of its Cross-IP Championship, with 250k in prizes. Several partner project communities have been invited to join the championship, including BYOPills.
Decentraland: Behind the Scenes of a Metaverse Music Festival feat. producers Gigi & Lara, creative director Sam
NFT Worlds: Weekly WRLD — GameFi Dev
The Sandbox: Musicians in the Metaverse feat. TSB founder Sebastien Borge
The Sandbox: Cultural Development in the Metaverse feat. Indexgame
Tropyverse: Community Building — Share Your Project feat. Waterdown Queen Everything Metaverses
BYOPills announced in its Discord that they will be releasing a BYOHub, which will be a mobile-friendly one-stop shop for all things BYOPills.
The Sandbox published its Alpha Season 3 Leaderboard Update. In it, The Sandbox outlined updates to the leaderboard on selected experiences that were affected by patching glitches.
The Bored Mummy Waking Up Avatars were released into The Sandbox, with players able to play as their Bored Mummy Avatars.
Web3/NFT platform Looking Glass Labs announced the Alpha release date of its flagship studio House of Kibaa’s (HoK) Pocket Dimension Metaverse Assets. The launch introduces holders to the overall metaverse experience, while testing features of each Pocket Dimension, exploring the environments and stress-testing multiplayer capabilities.
Rarible will step back from its NFT marketplace model and transition into a fully fledged market aggregator called Rarible2.
Somnium Space ran a stand at the latest GITEX GLOBAL digital tech event in Dubai, held in partnership with Teslasuit. GITEX GLOBAL 2022 hosted more than 4,500 companies and 100,000+ attendees from 170 countries over 5 days at the World Trade Center in Dubai.
The Sandbox teamed up with Paris Hilton’s 11:11 Media to extend its Halloween-themed virtual experience Cryptoween into its metaverse. The limited-time multiplayer experience is open to all from 21 Oct — 7 Nov.
Upland announced a partnership with Sotheby’s Xperience Digital Artist of the Year, Jacky Tsai, famous for bringing his amazing MetaSKull collection to the metaverse. Jacky Tsai will add style to Upland with iconic skull art, though players can also own Block Explorers, Legits, and Structure Ornaments.
Worldwide Webb teamed up with Chimpers NFT to hold a party in the metaverse.
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