OneLand Metaverse Market Analysis: August 28 – September 3

Welcome to Metaverse Market Analysis! Every Monday we bring you the latest statistics and data on the general state of the Metaverse market. This column was created in collaboration with the incredible team at OneLand, a financial platform for virtual lands in the Metaverse. This week, OneLand Metaverse Market Analysis stats for August 28 – September 3 are available.

Stake your TheSandbox LAND and earn 3.18%* APY. Wager your $SAND and earn 9.66%* APY (*9.4.2023)

Seven days of data shows that the VRE market cap for the 10 projects on OneLand has increased by 1.45% to 711,947 ETH. The total NFT cap rose more moderately – by 0.69% – to 2.91 million ETH.

The second straight week of rising total country capitalization (as opposed to three months of a declining week) comes despite $ETH (and the total market cap for crypto) falling for the third week in a row, falling 1.31% to $1,635.72.

The land capitalization of Decentraland (+3.8%) continues to rise, as does that of HYTOPIA (+9.35%).

OneLand Metaverse Market Analysis August 28 – September 3 — Meta Rankings (7D)

BYOPills saw some notable BYOLands sales at prices above the norm, driving 7D volumes up 86.35% and total land market capitalization (+1.38%) to its highest level since the end of July.

Volume appeared to be picking up at Somnium Space (+162%) mid-week, but that happened due to some back-and-forth buying gestures on the same lot, distorting the price (+149.65%) and other data.

While we are at Worldwide Webb, Penthouse 9024 went both ways, first for 4.79 ETH (highest sales in 2 months), then 3.86 ETH, after the gaming metaverse went live with its first Rugbusterz Rumble.

At HYTOPIA, the average price of a plot of land continues to rise, up 26% for the month, while the bottom price rises and rises a whopping 69.35%, all fueled by a steady stream of updates on the game’s own blockchain.

Meanwhile, some of the $TOPIA “holders” cashed in after last week’s price spike, with the token down 17.5% this week, but still 28.5% above its level a fortnight ago. Looking at other tokens in the virtual world, both $SAND and $MANA are down for the sixth straight week, while $APE is down 32.2% in three weeks.

Finally, an Otherdeed selling for 24.37 ETH was Otherside’s most expensive transaction since May.

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For an explanation of our data calculations, see docs.oneland.world/. For metaverse market and project data, visit oneland.world.

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OneLand is a one-stop MetaHub – providing Metaverse data and analytics, Land NFT marketplace, LandFi tools, and Metaverse MediaHub. Our mission is to make it easy to discover, access, stay informed, research and invest in the metaverse projects you love the most.

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*All investment/financial opinions expressed by NFT Plazas are the result of the personal research and experience of our site moderators and are for educational purposes only. Individuals are required to fully research each product before making any kind of investment.

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