Metaverse Weekly Wrap-Up: Aug 14–20

OneLand
5 min readAug 21, 2023

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Market Data | Market News | Sales & Mints | Events, Contests & Giveaways | Twitter Spaces & Project Streams | Project Updates | Partnerships & Funding

💹 Market Data

Stake your TheSandbox LAND & earn 2.89%* APY. Stake your $SAND & earn 9.55%* APY (*21.8.2023)

7-day data shows VRE market cap for the 10 projects on OneLand up 1.84% to 676,129 ETH, supported by rises in land caps for Otherside (+ 0.88%), The Sandbox (+6.2%) and Decentraland (+1.96%).

But with ETH seeing out the week down 8.93%, the entire crypto market feeling the reverberations of a BTC freefall that kicked off Thursday, VRE caps in USD terms finished out the week worse for wear, -6.67% to $1.14 billion. Overall crypto market cap ended the week down 9.67%.

Meta Rankings — VRE Market Cap (7D)

In line with that, major metaverse tokens $SAND (-15.4%), $MANA (-13.9%) and $APE (-20%) plummeted.

The notable exception was $TOPIA, down just 1%, as HYTOPIA presented its updated, and apparently justifiably hyped, blockchain — see Project Updates, below. More notably, $TOPIA’s listing on CoinGecko Wednesday saw it soar to close in on ATHs.

Overall, data showed land trading firing up around the Metaverse, all but 2 of the 10 projects experiencing upturns in sales and volumes, and OneLand-listed projects recording its highest aggregate volume in 6 weeks.

Voxels looked the standout, with volume and sales numbers up 412% and 264% respectively. Meanwhile, a Premium LAND passed hands for 29.99 ETH at The Sandbox, a top sale in over 3mths.

Meta Rankings — VRE Trading Volume (7D)

But things get clearer when peaking into Otherside, where 7-day volume reached its highest in 6 weeks (+61.1%), due to a slew of 18–20 ETH trades in the space of 24hrs — of the same Deed! Meanwhile, land cap of Otherdeeds achieved its first weekly movement to the upside in 3mths.

Otherside kicked off the week with a slew of suspect 18–20 ETH Otherdeeds sales on Monday.

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

🌄 Sales & Mints

ILLUVIUM — 8.16–11.15: The Illuvium: Beyond Wave 2 Alpha Sale is now over — and with it, the massive Launch Party with info & giveaways galore.

But the Extended Run Sale offers cheaper Illiuvitar D1SKs with better drop rates than Wave 1, & runs till Nov 15.

🎪 Events, Contests & Giveaways🏅

DECENTRALAND — All About Emotes! 4wks of emote spaces, workshops, contests & parties to celebrate a year of community-made DCL emotes. Check this thread for the rundown, and the blog for more workshop info, & contest details.

9.7: Emote Extravaganza party! DCL wraps up the month-long festival on Sep 7 from 5PM UTC — celebrate all the awesome creations, equip your best emotes & jam to @stoney_eye live. RSVP.

THE SANDBOX — till 8.27: Heroes vs Villains Game Jam. Share among 50k $SAND in prizes.

SXSW x THE SANDBOX: The Sandbox will participate in SXSW 2024 (Mar 8–16 in Austin, Texas) and has opened voting on the following sessions:

1. Defining & Shaping the Metaverse w/ the @wef & @Accenture

2. Metaverse Builders, Creators & Digital Fashion Designers w/ Open Metaverse Alliance @oma3dao…&

3. Exploring Music’s Emerging Role in Virtual Worlds w/ @a0k1verse & @pixelynx_io.

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

BFF BUZZ: The Metaverse

DECENTRALAND: The Role of Emotes in Digital Identity / Emote Workshop

OMNIEDEN: Navigating Web3 Wellness: Trust, Connection & Empowerment *

SOMNIUM SPACE LIVE: Competitive Game Hub Event @THE_HUB_DAO / Immersed Minds AI Discussion @OMG MULTIVERSE

HYTOPIA: Mainnet launch deep dive

* OneLand favourite

🛠️ Project Updates

ILLUVIUM — 8.14: Illuvium Zero Tech Update. Incl. upgrades to security, biodata & overall integration.

GALVERSE — 8.15: Anime studio Shinsei Galverse introduced ERC6551, aka Token Bound Accounts (TBA) for its holders. A TBA makes it possible for NFTs to have their own wallet, the token itself holding custody of other tokens, incl. NFTs!

HYTOPIA — 8.16: Hytopia finalized its initial baseline contract for on-chain player accts:

  1. Players can sign in to HYTOPIA via email and Discord
  2. Smart contract account wallets tie to player accounts

Founder ArkDev says the implementation unlocks things impossible in other EVM chains e.g. subscription payments, account recovery & gasless txs, while on-chain accounts can be fully ported to any other EVM chain.

THE SANDBOX — 8.16: TSB launched new tools for LANDowners to build and share experiences. Our partner NFTPlazas breaks it down:

8.18: TSB COO teased the project’s future mobile interface, following in the footsteps of a select few mobile-first virtual world projects, for instance the spiritual 3D world WEOM.

DECENTRALAND — 8.17: DCL Profiles are now accessible on web & mobile.

Meanwhile, DCL also released its new in-World camera!

SOMNIUM SPACE — 8.18: The SomniumVR1 headset has been selected as a finalist for VR Hardware of the Year atr the 2023 VR Awards.

👬 Partnerships & Funding

FC BARCELONA — 8.11: FC Barcelona scored €120m from Libero Football Finance and Nipa Capital to fund a Web3 NFT & metaverse initiative.

LEDGER x PAYPAL: Ledger launched a new on-ramp solution with PayPal, with hardware wallet owners able to use PayPal accounts to purchase crypto incl. BTC, ETH, BCH & LTC.

BITGO: Crypto custodian BitGo secured $100m in Series C funding, raising the company’s valuation to $1.75bn. BitGo processes 20% of all on-chain BTC transactions by value.

POLYGON x SK TELECOM: Polygon Labs & SK Telecom are partnering to incubate Web3 projects, while the Korean mobile giant’s NFT marketplace TopPort will also support the Polygon chain.

OneLand is a MetaHub — providing metaverse data & analytics, a Land NFT marketplace, LandFi tools & Metaverse MediaHub. Our mission is to make it easy for you to discover, access, stay tuned to, research & invest in the metaverse projects you love most.

Connect with us on Twitter & Discord.

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OneLand
OneLand

Written by OneLand

OneLand is a MetaHub - providing metaverse land market data & analytics, Land NFT marketplace, LandFi tools and Metaverse MediaHub.

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