Metaverse land caps retreat a second week, following Decentraland’s lead
Arcade Land and Voxels witness weekly climbs in volumes, average prices
Uniswap Labs raised $165 million at a $1.66 billion valuation
WorldwideWebb releases a cool, new cinematic trailer
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Decentraland announces dates for its 2nd Metaverse Music Festival (MVMF), coming very soon…
1. Market Data & Analysis
OneLand’s 7-day data reveals land market cap for the 10 listed metaverse projects down 4.01% to around 950,698.32 ETH or $1.24 billion. Aggregate land caps rebounded through September on the back of a Decentraland recovery, but have since reversed, falling for a second consecutive week, as has Decentraland’s land cap for a second week since early August.
Land caps of other projects were mostly up, but marginally, for the week, including The Sandbox which at least maintained some momentum as it moves into its final weeks of AlphaS3.
Total land cap of Otherdeeds ended the week pretty much where it started it, up just 0.33%. It follows a one-day crash of 8.4% on Oct 7, after it had begun the month flirting with half a million ETH. There were no high-price sales this week, and in fact there has not been one Otherdeed sold for higher than 40 ETH since September. Trading volume was up for the week (+9%), as it has been for the month.
Meanwhile, it was a better week for Arcade Land, with trading volume up 211% and sales 113%. Voxels also saw a weekly climb in trading volumes, while Voxels and Arcade Land’s average prices recovered 56% and 45%% respectively.
ETH’s price remained stagnant for the 7 days (down 1.23%) as it has been for a month now.
Top Sales
For comprehensive market and metaverse project data, check oneland.world.
2. Market News
Decentraland
Oct 11
Decentraland announced the dates for its second Metaverse Music Festival (MVMF), which is themed CyberPunk meets Nature. The Festival happens Nov 10–13, with Decentraland launching a dancing and singing Emote contest to celebrate.
Decentralized metaverse company Multiverse Labs announced a partnership with the government of Sharjah, United Arab Emirates, to launch a virtual world city called Sharjahverse.
Microsoft and Meta teamed up to make Office 365 apps available in VR to Quest headset owners. So far, Teams, Word, Excel, Powerpoint, Outlook and SharePoint are already available in VR.
Uniswap Labs raised $165 million (at a $1.66 billion valuation) in a Series B round led by Polychain Capital. The investment will be used to support the web app and developer tools, launch NFTs, and move into mobile.
Somnium Space went live with its second week of auctions for their Quaternary Land Offering (QLO. NFTs for auction include avatars, vehicles, worlds, parcels, estates & more, all available for purchase and instant usability in the Metaverse.
Voxels listed 10 waterfront parcels on Chronos Island for a fixed price between 0.5 and 0.6 ETH.
4. Events, Contests & Giveaway
Events
The Sandbox
Oct 11
The Sandbox renewed its collaboration with The Museum of Contemporary Digital Art (MoCDA) for AlphaS3, with two MoCDA-curated exhibitions showcased in The NFT Institute. The Edicurial Collection runs Oct 11–20 and the TokenAngels Collection Oct 21–31.
Worldwide Webb teamed up with KaijuKingz to hold a metaverse party.
Contests
The Sandbox
Oct 10
Human X Club teamed up with DOASIS City to give away The Sandbox AlphaS3 passes. People needed to complete just a few easy steps in Gleam for the chance to win a pass.
Decentraland
Oct 10
Decentraland teamed up with Decentral Games and GITEX GLOBAL to hold a X-VERSE Scavenger Hunt.
Catch up on this week’s Twitter Spaces, project streams and interviews:
The Sandbox released some highlight metrics on its Alpha Season 3. They include 39k DAU, 201k MAU, 1.6 million hours played as well as 128 million $SAND staked. AlphaS3 is The Sandbox’s longest running season to date, and lasts for 10 weeks.
Decentraland
Oct 12
Decentraland published an article on the difficulty of tracking “Active Users” in the Metaverse, and to break down the significance of its DAU numbers
WorldwideWebb integrated BYOPills Pixel Apostles. Players need to hold both an Apostle and a WorldwideWebb Apartment to use their Pixel Apostle in WorldwideWebb.
OneLand
