Metaverse Weekly Wrap-Up: Sep 11 -17

Market Data | Market News | Sales & Mints | Events Contests & Giveaways | Twitter Spaces Project Streams & Interviews | Project Updates |

💹 MARKET DATA

Stake your TheSandbox LAND & earn 2.14%* APY. Stake your $SAND & earn 6.66%* APY (*9.18.2023)

OneLand 7-day data shows 10-project land cap down 1.75% to 688,309 ETH (or -1.37% to $1.117 billion). $ETH rose minimally, up 0.39% to $1,623.08.

Meanwhile, 7D volume was up 30.44% (in USD, +29.02%) with Otherside sinking further to crash for the 1st time below 100 ETH! The Sandbox (76.88) and HYTOPIA (74.12 ETH) were hardly far behind.

Kicking off this week’s findings at BYOPills — & the past week’s data witnessed a frenzy of land sales. It’s not all clear, but the project’s Discord chatroom started buzzing Tuesday with talk of the anticipated BYORacer launch, then Thursday a tweet from founder DrEtherJay was a video showcasing the Racer in-device in what was BYOPills’ first tweet since Aug 24.

The result for BYOLands — sales boomed Tuesday, then went ballistic Sunday. 7D sales tallied 146 (+1,026%) & volume soared 1,384% to 8.79 ETH, its highest daily volume since almost the same time last year.

On the back-end of WorldwideWebb rolling out Rugbuster Rumblez in 3 parts in as many weeks for its gaming community, 7D land sales rose near 77% to hit 46, with volume seeing a return to the heights of a fortnight back (+386% to 14.11 ETH).

Penthouse #9024 moved wallets twice Thursday, first for 4.09 ETH then 4.68 ETH, in the space of a few hours, while the same thing happened to the same Apartment a fortnight ago (for 4.79 & 3.86 ETH).

At HYTOPIA, the project teased, then kicked off on Saturday its pre-registrations, in what appears a cleverly timed culmination of recent announcements on the game incl. its new blockchain.

What ensued was 160k+ sign-ups in just 36hrs, accompanied by higher 7D land metrics all round incl. sales (+40.9%), trade volume (+53.65%) & a top sale in 3mths (at 9.0 ETH). Meanwhile, land market cap pumped another 7.28%.

Native token $TOPIA also re-pumped, up 19.17% for the week, as the team issued warning of a, followed shortly after by an actual, burn of previous token $WRLD. (See Project Updates below for more info).

At Decentraland, native token $MANA had its first 7D price rise (albeit +3.57% only) in 10wks, while LANDs had a 2nd week running of cheap sales (avg. price 0.75 ETH) & low trade volume (-35.15%).

But at Arcade, it was a 2nd straight week of bumper sales (albeit combined with the lowest 7D prices in a long while) — down 16.67% from last week’s 36, with both days recording the highest daily sales counts since early July.

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

🗞️ MARKET NEWS

Court approves sale of FTX digital assets

Game developers livid over new Unity fees

Telegram adds self-custodial crypto wallet worldwide, excluding

Germany’s Military Tests AI Weapon Systems in the Metaverse

Meta Horizon Worlds launch mobile & web early access

🌄 SALES & MINTS

THE SANDBOX — 9.13: Lion City Sale.

Settle beside industry leaders & global brands like MM2 Asia & Might Jaxx in the Lion City, representing Singapore & all the innovation the modern-city state inspires. Enter the raffle.

Find out more.

🎪 EVENTS, CONTESTS & GIVEAWAYS 🏅

DECENTRALAND — 9.11: Decentraland featured on CNN‘s ‘The Next Frontier.’ Scroll down to Twitter Spaces & Project Streams to watch.

9.21–24: First-ever Metaverse Architecture Biennale. Feat. 30+ futuristic pavilions, architects from around the world, panel discussions & more.

THE SANDBOX: Launch of the LPN BoxingVerse feat. legendary Thai boxers and NFT collections, which celebrates the sport while supporting retired boxers.

9.14–28: The Incheon Landing Operation experience, supporting Korean War veterans. Complete all quests and own an NFT from the collection to win a share of 50k $SAND!

WORLDWIDE WEBB — 9.16–20: The 3rd Rugbusterz Rumble event went live. This time round, go up against new opposition Skelether.

METAVERSE EXPO TOKYO — 10.25–27: Explore the latest developments in VR, AR, and MR & network with a host of entertainment, marketing & manufacturing companies in the industry at the Metaverse Expo Tokyo. Runs Oct 25–27. Supported by OneLand partner NFT Plazas.

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

DECENTRALAND: CNN’s The Next Frontier — feat. Decentraland! * [DCL segment begins at 14:10]

DECRYPT: The future of NFT Gaming Interoperability [04:38]

HYTOPIA: The Flywheel — UGC Game Platforms

SOMNIUM SPACE LIVE: Soul Sunday guided meditation

THE SANDBOX: Metaverse is “dead” in the West, but “so hot” in Asia [CEO intv]

YUGA LABS: Meta ‘ruined’ the term metaverse, but now it’s evolving [CEO intv]

* OneLand favourite

🛠️ PROJECT UPDATES

BYOPILLS — 9.12: For those gunning for the anticipated BYORacer, the time may have come, with the first BYOPills tweet in nearly 4 weeks showcasing the BYORacer in-device!

HYTOPIA — 9.16: Beta pre-registration went live.

Pre-registering allows you to reserve your HYTOPIA username, be invited first to the Beta when it goes live (at the end of Q4 ’23, or start of Q1 ‘24), while also receive a lootbox with limited launch edition items when it does! Usernames are tradeable and will be tied to an account & represented on-chain. More details in HYTOPIA’s Discord.

9.10: A big heads-up for WRLD holders from HYTOPIA that $WRLD 1.0/2.0 will/would be burned was followed up 24h later with a burn! Details.

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Metaverse Weekly Wrap-Up: Sep 11 -17 was originally published in Blockchain Biz on Medium, where people are continuing the conversation by highlighting and responding to this story.