Metaverse Weekly Wrap-Up: Sep 25 - Oct 1

Market Data | Market News | Sales & Mints | Twitter Spaces, Project Streams & Interviews | Project Updates | Partnerships


💹 Market Data

Stake your TheSandbox LAND & earn 2.79%* APY. Stake your $SAND & earn 7.48%* APY (*10.2.2023)

OneLand 7D data shows aggregate land cap for the 10 projects listed falling 0.67% to 656,191.85 ETH. But in USD terms, land cap pumped 8.92% to $1.137 billion on the back of a cryptocurrency rally of 5.71% that saw $ETH soar 9.63% to $1,733.

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

Looking closer, and Otherside hit its lowest land cap of Otherdeeds to date (-0.95% to 323,161 ETH).

Ironically, it happened in the same week Otherside enjoyed its highest volume in a full 3mths (+102.5% to 265.95 ETH). This as average land prices sunk to a lowly 0.75 ETH (but APEcoin at least was up by 15.66% for its first 7D rise in 2mths).

Otherdeed prices are down in October — Trade Plots (3M)
Otherdeed prices are down in October — Trade Plots (3M)

In contrast, over at HYTOPIA, last week’s average price almost reached a whopping 3 ETH per parcel, as its land cap continues its rise.

It is an interesting comparison (check Land Price Trend chart below), one that warrants further comparative analysis of the two projects.

Market Value & Land Price Trend — HYTOPIA & Otherside (180D)
Market Value & Land Price Trend — HYTOPIA & Otherside (180D)

At The Sandbox, it was once again a case of land sales inducing trades, but at the expense of/supported by lower prices (-43.5% to 0.252 ETH). Higher sales (+455%) & volume (+214.3%) did nothing to rescue a falling LANDs cap (-0.77% to 116,118 ETH).

Meta Rankings — Trading Volume (7D)
Meta Rankings — Trading Volume (7D)

7D trading volume was also up at Decentraland (+617.4%) — 6 Estates exchanging wallets, incl. one for 7.47 ETH — in the week they announced their upcoming Metaverse Music Festival 2023.

At Worldwide Webb, 7D sales recovered from a bad week and, with Penthouse 9054 moving wallets for 4.53 ETH, sent 7D volume soaring 1,014%.

While at BYOPills, and BYOLand prices were up last week by 92.8% to 0.112 ETH, as excitement heats up for this week’s BYORacer launch.

For info & details on how to Stake Your Sandbox LAND &/or $SAND with OneLand (it’s simple!)


🗞️ Market News

Telegram starts to look like a super app, echoing WeChat 9.26

Argentine oil company to start mining crypto with gas power leftovers 9.27

Yuga Labs bars Seaport, blocking OpenSea, Blur, LooksRare & SudoSwap from trading its latest NFTs 9.28

Meta Unveils Glasses, Chatbots, Image Editing Powered by AI 9.28

Epic Games cuts 16% of staff 9.29


🌄 Sales & Mints

WAGMI GAMES — 9.28: WAGMI Games launches its Founders Pack NFTs on OpenSea, interactive in its first mobile game WAGMI Defense.


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

DECENTRALAND: Open call for artists & creators to get involved in DCL Music Festival ’23. Listen!

HYTOPIA: The Flywheel Part II: Content & Creators First

META: Lex Fridman interviews Meta CEO Mark Zuckerberg in the Metaverse

WAGMI: Is Web3 Gaming Dead? Or The future? hosted by Mario Nawfal *

* OneLand favourite


🛠️ Project Updates

AXIE INFINITY — 9.28: The Lunalog Catalog went live on App.Axie. Described as a “Pokedex for Axies”, it is a treasure trove of information on Axie classes, collection parts, normal parts & body attributes.

BIG TIME — 9.28: Times End Blog for Sep 28, 2023.

Covers NFT animations, rentals, native currencies Time Crystals, Cosmetic Shards & $BIGTIME, NFT withdrawals & deposits… plus sneak peaks, & some nice screenshots from the community too.

DECENTRALAND — 9.26: Transform your Emotes into GIFs & share across platforms. Here’s your simple guide to craft your own.

9.29: Decentraland released Emotes 2.0, now with a range of props & sounds.

9.28: More updates! Incl. new UI for Editor, bigger Examples page, brand new quests feature. Details in their Discord.

MY PET HOOLIGAN — 9.26: Bunny-themed gaming world My Pet Hooligan just opened its Public Early Access, also releasing updates that incl. a partnership with Prime Gaming and reaching #2 on the Epic Games Store where it is exclusively available. More info in this article.

OTHERSIDE — 9.26: Otherside launched Legends of the Mara (LOTM) but it got off to a rocky start due to technical issues caused by high demand for their Shattered Defense mode.

9.26: New Otherside General Manager

TREEVERSE — 10.1: Monthly Update #22. Features art & engineering insights into the development of Web3 MMORPG Treeverse.


👬 Partnerships & Funding

PROOF OF PLAY — 9.22: Farmville creator Amitt Mahajan secured $33M to develop Proof of Play, an on-chain game studio focused on non-P2E gaming.

AAVEGOTCHI x GAMESWIFT — 9.28: Aavegotchi partnered with zkEVM aggregation platform GameSwift where they will showcase Aavegotchi-based gaming titles.


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