Highlights:
- Trade volumes crash across the board, Decentraland bucks the trend
- Worldwide Webb launches its V2 Early Access Alpha Landholder Exclusive
- Voxels kicks off month-long Digital 20/20 event to bring companies on board into the Metaverse
- NFT Worlds releases a Marketing Update
- And South Korea’s government announces an investment of $177m into the Metaverse
1. Market Data & Analysis
Major indicators show a mostly poor market performance this week across the VRE sector. Trading volume was down 38.8% as a whole across all seven metaverse projects listed on OneLand, while land market cap was down 5.63% and there was also a 1% decrease in the number of landowners.
Decentraland was the only project to record any upswing in trading volume for the week, up a notable 45.82%. With the mint of the Baby Singularity NFT Collection and on the eve of Miami Fashion Week, three Estate sales in Decentraland brought in 25.6, 26.14 and 28.87 ETH respectively, pushing trade volume up to 103.05 ETH on June 1.
The other metaverses all suffered marked drops in volume for the week, including Voxels (-89.47%), NFT Worlds (-89.19%) and Worldwide Webb (-79.26%). Trading activity on Otherside was also down..
Market caps were all down for the week except for those of The Sandbox and Voxels, which remained steady. Interestingly, this is the first week that Otherside recorded a fall in its total land cap since the historic minting of Otherdeeds happened on May 1, while both average prices (-21.66%) and trade volumes (-39.22%) continued their descent.
Sales numbers were down for Voxels, NFT Worlds and Otherside compared to last week, but up for Worldwide Webb (+71%), as it released some crucial Alpha on its upcoming V2 and recorded 75 Apartment sales across two days (May 30 and 31). And while it is certain Otherside will remain in the ‘box seat’ for some time, it is interesting to note that sales of Otherdeeds continued their downward trajectory, down from 1,058 to 750, or 30%, for the week. Just 3 weeks ago, this number was 3,684.
For comprehensive market and metaverse project data, check oneland.world.
2. Market News
The Sandbox
- 01/06
The Hero NFT, a mural located on Lafayette Street in NYC to celebrate Italian soccer icon Andrea Pirlo, was listed for auction. The buyer will win the chance to have dinner with the football superstar.
Decentraland
- 01/06
Sophia the Robot launched its ‘Baby Singularities’ NFT collection on OpenSea.
The social humanoid developed by HK-based Hanson Robotics, whose previous NFT collaborations sold in the millions, tweeted the announcement Wednesday. Owners of Baby Singularities NFTs will gain premium access to Sophia’s metaverse (SAOS), an NFT-based gameplay environment based upon a sci-fi imagining of the year 2042 when machines begin to ‘awaken’.
Other
- 31/05
South Korea’s government announced that it will invest $177m directly into metaverse projects to support metaverse-related jobs and businesses in the country. The investment makes it one of the first countries to fund development of the virtual world.
- 02/06
Kanye West’s Yeezus brand has filed for 17 trademark applications marking a potential move into NFTs. The applications refer to “blockchain-based non-fungible collectibles, assets, currencies and tokens”, and come just weeks after the famous rapper criticized non-fungible tokens in a now-deleted Instagram post.
- 03/06
Pulitzer Prize winning photographer Lynsey Addario launched an NFT collection ‘From the Flames’ to raise awareness of global warming.
Lynsey’s photography, which has featured in The New York Times, National Geographic and Time Magazine, has mainly focused on wars and humanitarian crises. ‘From the Flames’ features photos from the 2021 wildfires in northern California.
3. Events
Voxels
- 31/05
Voxels held a livestream discussion with their Product Owner, Dev and CM.
- 31/05
OKX held a party in Voxels to celebrate their 5-year anniversary.
- 06/03
The Digital 20/20 Towards Digital World organized by TSA NFT started in Voxels.
Digital 20/20 is a month-long event designed to help companies understand all the intricacies of successfully leveraging the metaverse and collaborating in the digital world. The event will include keynotes, case studies, strategy sessions as well as networking opportunities.
The Sandbox
- 31/05
The Sandbox announced that the 5m of $SAND airdropped to landowners in May can now be claimed. Full details can be found here.
Decentraland
- 02/06
Decentraland hosted the premiere of Jim Jonescapo and Migos’ NFT Music video to celebrate the opening of the Metaverse Theater.
- 03/06
MetaMundi held a special launch event for Housi’s NFT collection in Decentraland.
- 03/06
Miami Fashion Week was held in Decentraland from June 3 to 5.
4. Contests
The Sandbox
- 01/06
The Sandbox airdropped 50 $SAND to 25 lucky recipients to celebrate their partnership with People of Crypto. The giveaway ended on June 3.
- 02/06
The Sandbox partnered with CyberKongz through a brand new VoxEdit contest.
Voxels
- 01/06
Melos Studio held a Treasure Hunt in Voxels.
The first 30 hunters to complete the quiz could win $500 worth of Melos Studio’s #MusicNFT pool.
5. Project Updates
Worldwide Webb
- 30/05
Worldwide Webb released their new V2 dev log.
V2 has six different grading filters that can be smoothly blended to give the appearance of sunrise, morning, noon, afternoon, sunset, twilight and night.
- 31/05
Worldwide Webb released some early-access Alpha on its upcoming V2.
For V2, Worldwide Webb has rebuilt their Apartment system. Holders can now enter their Apartments via the main city square with the use of a keypad. They have also suspended some quests and NFT rewards for the release, and will hold a landholder-only competition using a scoreboard.
- 05/06
Worldwide Webb launched the V2 Early Access Alpha Landholder Exclusive.
NFTWorlds
- 31/05
NFT Worlds released a marketing update.
The marketing update includes a plan to attract and on-board existing Minecraft players from Web2 into the Web3 gaming ecosystem. NFT Worlds is a Minecraft-compatible decentralized metaverse, which allows them to capitalize on the success of the hugely popular gaming franchise.
6. Partnerships
The Sandbox
- 02/06
The Sandbox partnered with Dimitri “Vegas” Thicaios to bring Alien Samurai Dino Warriors to the Metaverse.
- 02/06
Ikonia partnered with The Sandbox to immortalize the New York NFT mural of soccer legend Andrea Pirlo as a single-edition 1-of-1 NFT.
Don’t forget — to access the most comprehensive, in-depth and up-to-date aggregated VRE market and project data, check out OneLand.
Twitter: @OneLand
Discord: OneLand
