Metaverse Market Analysis: January 2-8

On Jan 9, 2023

Welcome to Metaverse Market Analysis! Every Monday we bring you the latest stats and data on the overall state of the Metaverse market. This column is in partnership with the incredible team from OneLand, a financial platform for virtual lands in the Metaverse. This week brings the Metaverse Market Analysis stats for the first week in January 2023.

In a healthy start to the year for crypto, Metaverse land NFTs were hardly immune from the action. OneLand 7-day data reveals total market cap for the 10 projects listed on OneLand rose 16.76% week-on-week to 934,311.67 ETH, or $1.18 billion.

Context:

Treeverse records its highest daily volume (34 ETH) in 8 months with volumes +250% and sales +158%, as its Pre-Alpha kicks off.
The Sandbox (19.95 ETH) and BYOPills (3.0 ETH) achieved their highest land sales since September.
Otherdeeds records the 3rd highest NFT trade volume in 2022 at $1.1 billion, behind Yuga Labs’ other blue-chip NFT projects BAYC and MAYC.

Highlight:

Decentraland land cap is up 26% week-on-week from 204,510 ETH to 265,018 ETH. The fully decentralized virtual world achieved its highest sale for an Estate (111.42 ETH) in 11 months.

In terms of price performance, Decentraland was the clear winner in 2022 among the 10 metaverses on OneLand. That’s a nice bit of data to relish for the DCL MetaWeb3rs!

Join us on Tuesday 10 Jan at 5am UTC (that’s Paris 6am, Beijing 1pm, Sydney 4pm!) on our Discord for a Metaverse Data Dive. In the process, we’ll show you how easy it is to navigate oneland.world and hone in on the data you want.

For comprehensive market and Metaverse project data, find out more on oneland.world and follow the latest updates on Twitter.

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.