1、Comprehensive of Sales
Otherside is a new metaverse project launched on May 1st, and its virtual land sales this month accounted for 98% of the total sales of the metaverse platform in May, which also caused the total sales of the metaverse section in May to increase by 22 times compared with the previous month.
However, for the other six platforms, compared with May 2022 and April 2022, they all dropped significantly (the red part of the table), and the transaction volume was all below 4 million.Sales of Worldwide Webb and Somnium Space also failed to extend the steady state of the previous month, falling even more than 70%.
From the histogram of cumulative sales on the platform, we can see that the overall and April compared with the sales of Otherside have increased significantly;
But looking at the May bar chart alone, it seems that you can only see the color of Otherside, which has the highest sales, and is much higher than the sales of virtual land in the Metaverse in previous months.
2、Single Platform sales
The trend of a single platform more vividly reflects the new launch of Otherside in May, and the sales of the other six platforms decreased significantly in May.
Judging from the average sales price of virtual land, the six metaverse platforms except Otherside fell as a whole and by a considerable margin, all higher than 39% (the red part).
Judging from the average price of a single platform, Otherside’s monthly average sales price in May was as high as $13,000, which is much higher than other platforms.
In the monthly average price line chart, the prices of Otherside (yellow) and NFT Worlds (green) are among the top two.
2、Average Price on a Single Platform
From the perspective of a single platform, the average selling price of platforms other than Otherside has a more obvious downward trend in May.
1、Comprehensive Sales Volume
Judging from the number of virtual land sales, the sales of Voxels and Decentraland have increased. Judging from the completion of the virtual world, these two platforms are currently relatively well-completed, with better construction and play experience, and more companies settled.When the price falls to a certain level, it will undoubtedly stimulate a part of consumption.
Otherside virtual land sales reached 56,000, far higher than all other platforms, as can be seen from the histogram below.
The number of sales on other individual platforms has declined to varying degrees.
2、Number of single platform sales
The following is a graph of fluctuations in sales volume for a single platform：
Due to the differences in data openness of different platforms, traffic currently only involves the Voxels platform.
From the bar chart below, we can see that the traffic dropped significantly in May, which also echoes the current drop in the popularity of the Metaverse section.
In May 2022, the hotspots of the Metaverse will be on Otherside launched by Yuga Labs. The number of sales on May 1st alone reached 47,000, and the average daily transaction price in early May even exceeded $28,000 (about 10ETH).But at the time of this report, the average daily transaction price had dropped to $8,000 (about 4.4ETH).
Hype is temporary, Build is the Metaverse’s long-term solution.