Welcome to Metaverse Market Analysis! Every Monday, we bring you the latest stats and data on the state of the Metaverse market. In partnership with the incredible team from OneLand, a financial platform for virtual LANDs in the Metaverse, this column brings the OneLand Metaverse Market Analysis stats for Nov 6 – 12. 

OneLand 7D data shows land caps for the 10 listed projects up 0.25% to 667,887 ETH. But in USD, LANDS value jumped 8.36% to $1.36bn, as crypto (+7.6%) kept up its Q4 rally.

ETH surged 8% in 7D to roar past $2,000 for the first time since its brief stay there in April. At the same time, total NFT cap rose 24.5% to $6.8 billion, its highest since June, as global NFT volume surged 51.3%.

Worldwide Webb 7D volume (+8.59%) of Apartments surpassed 10+ ETH for the 3rd straight week, with community hype still upbeat in the aftermath of their recent playtest.

At Arcade, trading was back (+624%) after a quiet fortnight, with 0.75 ETH for a land parcel the project’s top sale in 6mths.

At The Sandbox, 230 weekly trades (+389%) was its most in a month but volumes remain relatively low at 65 ETH, equating to an average price of 0.283 ETH.

LAND prices in The Sandbox and Decentraland look stable, but their native tokens $SAND and $MANA have both soared 50% over the past month. Native tokens $SAND, $MANA & $CUBE were all up 16+% for the week, while $TOPIA fell 5.6%.

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For explanations of our data calculations, check docs.oneland.world/. For metaverse market and project data, check oneland.world.

OneLand is a 1-stop MetaHub — providing Metaverse data & analytics, Land NFT marketplace, LandFi tools and Metaverse MediaHub. Our mission is to make it easy to discover, access, stay tuned to, research and invest in the metaverse projects you love most.

Want more? Connect with NFT Plazas

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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.

OneLand

Financial platform for virtual lands in the metaverse.

The post OneLand Metaverse Market Analysis: Nov 6 – 12 appeared first on NFT Plazas.

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 OneLand Metaverse Market Analysis stats for Oct 30 – Nov 5. 

OneLand 7D data shows 10-project lands cap ending the week up 0.21% to 666,221 ETH, or +5.65% to $1.261b.

It was a positive week for both crypto and NFTs alike, with $ETH up 5.48% to $1,894.03, and total NFT cap rising 6.64%.

Metaverse tokens rose in kind – $MANA +5.26%, $SAND +5.36%, $APE +4.07%, $TOPIA +2.78%, $CUBE +19.6%.

Voxels kicked off last week with a relative flurry of land sales that saw it record its biggest 7D volume (+810%) and a top sale in over 3mths.

Meanwhile, Worldwide Webb enjoyed another bumper week of trading (pulling in 10.94 ETH in trading volume) as it closed out its week-long play-test with an exclusive NFT mint for its players and contests to win an Apartment. The dots high on the horizon in the below chart represent Penthouse sales, which tend to occur during the busiest trading times.

It was a similar result for Treeverse, also pulling in two straight weeks of bumper trading, the 2wks of volume (26.94 ETH) nearly equivalent to the previous 2mths combined. But it was a second week of stumbling trade volumes for both BYOPills and Arcade.

Looking at some of the big, or rising, guns…and HYTOPIA’s land cap (+1.82%) continues its rise, even while its sharply spiked prices let up a bit this week, down 5.9% from 2.72 to 2.56 ETH.

Over at Otherside and Otherdeeds saw 3 straight weeks of rising land caps, as weekly volume reached 230 ETH, its highest for a month.

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Check here for details & instructions on how to Stake Your Sandbox LAND &/or $SAND with OneLand (it’s simple!).

For explanations of our data calculations, check docs.oneland.world/. For Metaverse market and project data, check oneland.world.

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OneLand is a 1-stop MetaHub — providing Metaverse data & analytics, Land NFT marketplace, LandFi tools and Metaverse MediaHub. Our mission is to make it easy to discover, access, stay tuned to, research and invest in the Metaverse projects you love most.

Want more? Connect with NFT Plazas

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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.

OneLand

Financial platform for virtual lands in the metaverse.

The post OneLand Metaverse Market Analysis: Oct 30 – Nov 5 appeared first on NFT Plazas.

In October, the cryptocurrency marketplace witnessed a tremendous price surge in Bitcoin. The NFT market has showed signs of recovery, with 15.2% increase in monthly trading volume and unique users. Find out the ins and outs of the market as a whole in our October Monthly NFT Report in collaboration with Footprint Analytics!

October NFT Market Shows Signs of Rebound: Further Positive Developments Await 

In October, Bitcoin witnessed a significant price surge. As a result, the NFT market showed signs of recovery, with a 15.2% increase in both monthly trading volume and unique users. While these October figures demonstrated improvement compared to September, they fell short of the levels observed in August and previous months. Therefore, it is premature to conclude that this signifies the start of a market recovery. The industry eagerly anticipates further positive developments that extend beyond the influence of Bitcoin.

Data for this report was obtained from Footprint Analytics’ NFT research page. An easy-to-use dashboard containing the most vital stats and metrics to understand the NFT industry, updated in real-time, you can find all the latest about trades, projects, fundings, and more by clicking here.

Key Points

Crypto Macro Overview

• Starting the month at $26,967, Bitcoin demonstrated a substantial increase of 27.9% over the period, ultimately closing at $34,497. 

NFT Market Overview

• Supported by favorable trends in the broader crypto market, the NFT market experienced an increase this month.
• The Blue Chip Index witnessed an upward trend in September, with an increase of 14.4%.

Chains & Marketplaces for NFTs

• Ethereum continued to dominate the NFT market’s trading volume with $421.7 million, accounting for a significant 98.7%.
• LooksRare faced a drastic decline as its trading volume plummeted by 97.8%.

NFT Investment & Funding

• In October, the NFT market maintained a slow momentum, with a single funding round totaling $5 million.

What’s New? 

• LooksRare updates token economy model, allocating future fees for token buybacks and rewards.
• Fantasy horse racing startup Game of Silks raises $5 million.
• Germany’s postal service will issue limited edition NFT stamps.
• Institutional NFT fund Spencer Ventures plans to purchase 144 Pudgy Penguin NFTs from Three Arrows Capital  (3AC) Collection.
• Yuga Labs to focus on building Otherside following restructuring.

Crypto Macro Overview

During October, Bitcoin experienced a notable surge in price, surpassing the performance of both traditional assets and other cryptocurrencies. Starting the month at $26,967, Bitcoin demonstrated a substantial increase of 27.9% over the period, ultimately closing at $34,497.

Ether started the month at $1,671 and experienced a relatively moderate increase of 8.3% during the period, ultimately closing at $1,810.

While technology stocks faced downward pressure, Bitcoin stood out by defying this trend. On October 16, the price of Bitcoin experienced a significant increase, reaching nearly $30,000. This sudden increase was triggered by a false report from cryptocurrency news site Cointelegraph, claiming in a tweet that the SEC had approved the first spot bitcoin ETF. However, the post was later deleted after BlackRock clarified to Bloomberg that their application was still under review. As a result, Bitcoin’s price dropped to around $28,000 by the end of that day.

Following the incident, Bitcoin received support from growing anticipation for a spot ETF offering in the US market. The SEC chose not to contest the recent ruling in favor of Grayscale by the DC Circuit Court of Appeals. Grayscale’s filing, along with other filings for spot bitcoin ETFs, now awaits review by the SEC. As a result, the price of Bitcoin experienced a notable upward trajectory starting from October 23 and remained near $35,000 until the end of the month.

NFT Market Overview

Supported by favorable trends in the broader crypto market, the NFT market experienced an increase this month. The total trading volume for October amounted to $427.2 million, marking a 15.2% increase compared to the previous month. The number of transactions remained steady at 1,039,735. Moreover, October saw a rise in the number of unique users, reaching 281,359, representing a 15.2% growth.

The NFT market maintained a steady daily market cap of approximately $4.5 billion throughout the month, while daily trading volume experienced an upward trend.

In October, the NFT market witnessed a buyer/seller ratio of 136.1%, marking a 33.2% increase from September. Throughout the month, there were 187,644 buyers and 137,845 sellers. Notably, the number of buyers rose by 26.9%, while sellers experienced a 4.0% decrease compared to the previous month. Although the data for October showed improvement compared to September, it fell short of the levels seen in August and previous months. As such, it is premature to conclude that this marks the beginning of a market recovery. Further positive developments beyond Bitcoin and Ethereum are eagerly awaited.

The trend of daily buyers/sellers and unique users remained consistent, with a modest increase observed between October 15 and 18. According to Footprint Analytics, two protocols, OpenSea Shared Storefront and AI-success on Polygon, experienced a rise in internal transfers.

The Blue Chip Index witnessed an upward trend in September, with an increase of 14.4%.

Blue-chip collection Pudgy Penguins gained attention when it launched a toy collection in 2,000 Walmart stores last month. During the last week of September and the first week of October, both the floor price and trading volume of Pudgy Penguins experienced significant increases. On October 7th, Horlomite Research raised concerns on social media platform X (formerly Twitter), alleging that Pudgy Penguins CEO Luca Netz used funds from “100% from four rug projects” to acquire Pudgy Penguins, providing on-chain evidence. Luca Netz promptly responded to these allegations on X. Despite this incident, the collection’s market performance in October does not appear to have been negatively affected.

Apart from Pudgy Penguins, the Winds of Yawanawa collection also gained significant attention. Introduced in July 2023, Winds of Yawanawa is a collection of 1,000 unique Data Paintings that utilize weather data from the Yawanawa tribe’s village in the Amazon rainforest, including wind speed, gusts, direction, and temperature. This collection aims to preserve the cultural richness of the Yawanawa by bringing their art to the digital realm. Recently, on October 11, it was announced that The Museum of Modern Art (MoMA) has acquired Winds of Yawanawa as a permanent collection, making it the first Generative AI and tokenized artwork to be welcomed by MoMA. Following this exciting news, the NFT collection experienced a significant increase of over 50% in both floor price and trading volume, as indicated by Footprint Analytics.

Chains and Marketplaces for NFTs

In October, Ethereum continued to dominate the NFT market’s trading volume with $421.7 million, accounting for a significant 98.7%. The trading volume saw a 15.9% increase compared to September. But still, the trading volume in October was the second lowest in 2023.

In October, Ethereum saw a decrease of 3.8% in unique users, attracting a total of 130.5K. On the BNB Chain, there were 17.5K unique users, experiencing a significant decrease of 44.8%. However, Polygon witnessed a notable increase in unique users, reaching a total of 142.2K, which represented a 51.8% rise, approaching the numbers seen in August. Despite the trading volume’s 15.2% increase from September, there were no clear indications of user engagement recovering.

When it comes to NFT marketplaces, Blur continues to dominate with a significant market share, boasting a trading volume of $198.1 million and capturing 46.4% of the market. Opensea, on the other hand, experienced growth in October, with a trading volume of $176.7 million and an increased market share from 23.2% to 41.4%. However, LooksRare faced a drastic decline as its trading volume plummeted by 97.8% from $71.8 million in September to a mere fraction in October, resulting in a market share drop from 19.3% to 0.4%.

LooksRare implemented a significant update called “The big LOOKS tokenomics update” on September 29, 2023. The update introduced changes to fee distribution, with 50% of generated fees going towards buying back LOOKS tokens from the market, 40% being allocated to the Treasury, and 10% being earnable as LooksRare Protocol Rewards. As a result of this update, trading rewards were discontinued, and the LOOKS tokens previously allocated to trading rewards were redirected to the Treasury. These changes likely contributed to the crash in LooksRare’s trading volume and market share in October, as user activities decreased significantly and wash trades became scarce.

In October, NFT marketplaces displayed varying performance in terms of unique users. OpenSea maintained its dominant position, attracting a significant user base of 245.0K unique users, representing a 29% increase compared to September. However, this number remained lower than the user count in August. Element, on the other hand, experienced fluctuating numbers, with only 20.3K unique users, marking a significant decline of 50.8% from the previous month.

NFT Investment and Funding

In October, the NFT market maintained a slow momentum, with a single funding round totaling $5 million.

Game of Silks, a fantasy horse racing startup that connects NFTs to actual thoroughbreds, successfully raised $5 million this month. This recent funding round has brought their total funding to over $10 million. Game of Silks, which launched in June 2021, has established partnerships with prestigious organizations such as the New York Racing Association, Belmont Race Track, The Jockey Club, and FOX Sports’ Americas Best Racing. They have created more than 7,000 “Silks Genesis Avatars” NFTs, allowing owners to earn rewards based on the real-world performance of the corresponding horse.

The integration of NFTs with the lucrative fantasy sports industry is not a novel concept. Sorare has emerged as one of the most prosperous platforms in this domain. They have recently revealed collaborations with prominent entities like the English Premier League, the NBA, and renowned tennis player Serena Williams.

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Data includes: 

• Blockchains: Ethereum, Polygon, BNB Chain, Cronos, Optimism
• Marketplaces: OpenSea, LooksRare, Blur, X2Y2, Cryptopunks, Rarible, SuperRare, Foundation, Decentraland, Aavegotchi, Element, Era7, the Sandbox, Minted 

Check out Footprint Analytics >> Here

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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.

Footprint Analytics

Free Analytics for the NFT arena. Explore community-built analysis and create charts with no coding.

The post October Monthly NFT Report in Collaboration with Footprint Analytics appeared first on NFT Plazas.

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 OneLand Metaverse Market Analysis stats for Oct 23 – 29.

Stake your TheSandbox LAND & earn 2.69%* APY. Stake your $SAND & earn 7.51%* APY (*10.30.2023)

OneLand 7D data shows 10-project aggregate LAND cap stable in ETH, +0.05% for the week to 664,849 ETH.

In USD, however, LAND caps surged 7.95% to $1.194bn. ETH’s price — up 7.89% to $1,795.59 — set the agenda for Metaverse LANDs, with another BTC-inspired 7D crypto rally seeing total crypto capitalization shoot up 11.4%.

HYTOPIA kicked off last week by celebrating a cool injection of $3 million led by Delphi Ventures. It ended it with LAND market cap up 2.76% to 20,588 ETH, another 100+ ETH of weekly volume, and another bumper top sale of 11.44 ETH.

Meanwhile, Otherside saw a second consecutive 7D rise in LAND cap after pulling in approx. 200 ETH in sales for a second week running, fueled by a 23 ETH Otherdeed trade, its most expensive in 2 months.

It was an exciting week at Worldwide Webb, with the playing community revved up by its week-long Playa play-test. Sales of Apartments (+33.3% to 52) boomed to its highest 7D count in near 4 months, incl. a healthy top sale of 4.49 ETH that saw volumes up 183.67% to 12.32 ETH.

True that LAND cap (+0.13%) and prices hardly budged, but you cannot put a price on either hyped vibes or masses of community feedback. Holder numbers (down 8.6% in the past year) even bucked the trend, up slightly to 4,045.

Additionally, LAND trading was quiet last week at Arcade (volume -88.8%), BYOPills (-78.7%) and Decentraland (-69.1%).

Even in a busy world like Decentraland, higher prices (than other projects, bar Otherside & HYTOPIA) will always mean few sales in a bear market; this week saw just 7, the project’s LANDs cap falling by more than 5k ETH to 135,483 ETH. But it may also be that few are willing to sell out of the OG Metaverse – LAND holder numbers keep rising.

The rally in the cryptocurrency market, meanwhile, saw Metaverse tokens $MANA (+26.7%), $APE (+22.7%) and $SAND (+16.1%) up for the week.

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For explanations of our data calculations, check docs.oneland.world/. For Metaverse market and project data, check oneland.world.

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OneLand is a 1-stop MetaHub — providing Metaverse data & analytics, LAND NFT marketplace, LandFi tools and Metaverse MediaHub. Our mission is to make it easy to discover, access, stay tuned to, research and invest in the Metaverse projects you love most.

Want more? Connect with NFT Plazas

Join the Weekly Newsletter
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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.

Leah

Digital art fanatic who brings a unique perspective to NFT news.

The post OneLand Metaverse Market Analysis: Oct 23 – 29 appeared first on NFT Plazas.

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 OneLand Metaverse Market Analysis stats for Oct 16 – 22.

Stake your The Sandbox LAND & earn 2.61%* APY. Stake your $SAND & earn 7.47%* APY (*10.23.2023) 

OneLand 7D data shows aggregate LAND  market cap for the 10 listed projects on OneLand rising by 3.27% to 678,221 ETH (+9.53% to $1.128bn).

Most Metaverse tokens accordingly saw a positive week (with the exception of Somnium Space’s $CUBE), with $APECoin +6.75%, $SAND +6.9% & $TOPIA +26.38%.

Otherside LAND market cap rose by more than 12,000 ETH this week (+2.29%), and not too surprisingly, on the back of CEO Daniel Allegre stating that the Metaverse gaming project was now (finally?!) a priority.

Overall, it was a positive week economically speaking with a pickup in both sales (+31%) & trading volume (+68.1%) of Otherdeeds, which included a 2-month high sale of 15 ETH.

There were no big priced or Penthouse sales, but both floor and average prices peaked, while volume soared 310.6%, as sales numbers (+225%) more than tripled from the previous week.

With BYOPills fans now seemingly busy playing the BYORacer, spiked trading activity of the last 5-6 weeks in BYOLands subsided this week, as its 7D sales count & volume retreated 52.8% & 62.5% respectively.

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For explanations of our data calculations, check docs.oneland.world/. For Metaverse market and project data, check oneland.world.

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OneLand is a 1-stop MetaHub — providing Metaverse data & analytics, LAND NFT marketplace, LandFi tools and Metaverse MediaHub. Our mission is to make it easy to discover, access, stay tuned to, research and invest in the Metaverse projects you love most.

Want more? Connect with NFT Plazas

Join the Weekly Newsletter
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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.

OneLand

Financial platform for virtual lands in the metaverse.

The post OneLand Metaverse Market Analysis: Oct 16 – 22 appeared first on NFT Plazas.

The NFT market presented a bearish landscape last month, not helped by a Rolling Stone article proclaiming 95% of NFTs as hitting rock-bottom valuations. However, an in-depth exploration reveals a more intricate view. Find out the ins and outs of the market as a whole in our September Monthly NFT Report in collaboration with Footprint Analytics!

September NFT Market: Bearish Sentiment Prevails

In September, Rolling Stone, a prominent mainstream media outlet,  garnered significant attention with a captivating article titled “Your NFTs Are Actually — Finally — Totally Worthless”. This article claimed that “95 percent of the once-hyped crypto assets have hit rock-bottom valuation”, rendering them “largely worthless”. While this narrative struck a nerve, the reality is more nuanced and offers reasons for optimism.

Although the NFT market experienced a significant month-on-month decline in September, with a trading volume of $370.9 million, it’s important to recognize that this volume is still worth something. In this report, we delve into the dynamics of blockchain networks, NFT marketplaces, and funding activities within the NFT space, revealing promising aspects that inspire hope.

Data for this report was obtained from Footprint Analytics’ NFT research page. An easy-to-use dashboard containing the most vital stats and metrics to understand the NFT industry, updated in real-time, you can find all the latest about trades, projects, fundings, and more by clicking here.

Key Points

Crypto Macro Overview

• Bitcoin displayed a relatively narrow price range, fluctuating between a monthly low of $25,158 and a high of $27,210.

NFT Market Overview

• The NFT market bucked the trend of Bitcoin and experienced a significant downturn, characterized by a significant drop in trading volume. 
• Blue Chip Index witnessed a downtrend in September, with a decline of 7.5%.

Chains & Marketplaces for NFTs

• Ethereum’s trading volume amounted to $364.0 million, 30.3% down from August.
• Blur’s dominance, in terms of trading volume, has been gradually diminishing. LooksRare saw an upward trend with a market share of 19.3% in September.

NFT Investment & Funding   

• The NFT market continued to exhibit a sluggish pace, with a total of three funding rounds amounting to $27.14 million.
• Prominent crypto ventures such as a16z have shown signs of engaging in bottom-fishing strategies, but haven’t yet invested in the NFT market.

What’s New?

• NFT brand Pudgy Penguins debuted a toy collection in 2,000 Walmart stores.
• Google enabled NFT game ads starting September 15, excluding gambling content.
• Animoca Brands raised US$20M for its Mocaverse project.
• Web3 arts startup, TRLab, raised $5 million from Hivemind Capital, OKX Ventures.
• Casio partnered with Polygon to launch G-SHOCK NFT Project.

Crypto Macro Overview

In September, Bitcoin displayed a relatively narrow price range, fluctuating between a monthly low of $25,158 and a high of $27,210. The month began with an initial value of $25,940 and demonstrated a modest increase of 3.7% throughout the period, closing the month at $26,899.

In comparison to the previous month, last month witnessed an uptick in both the value and on-chain activity. This increase in on-chain activity could potentially be attributed to new investors positioning themselves ahead of potential regulatory approval for a spot Bitcoin ETF, a development that had made progress in late August.

Additionally, Bitcoin received support from the news that the trustee overseeing the defunct cryptocurrency exchange Mt Gox would postpone creditor repayments until October 2024. The Mt Gox estate currently holds approximately 138,000 Bitcoin, valued at $3.7 billion, and this decision is expected to keep that supply off the market for the foreseeable future.

NFT Market Overview 

The NFT market bucked the trend of Bitcoin and experienced a significant downturn, characterized by a significant drop in trading volume. The total trading volume for the month was $370.9 million, a significant decrease of 30.6% compared to August. The number of transactions also declined, reaching 1,038,886, a decrease of 7.7%. In addition, the number of unique users in September was 244,186, a decrease of approximately 22.5%. 

The recent market downturn has had a noticeable impact on the market cap, which continued to fluctuate and trend lower throughout the month.

In September, the NFT market experienced a buyer/seller ratio of 103.0%, reflecting a 29.2% decrease from August. Throughout the month, there were 14,832 buyers and 143,617 sellers.

Notably, the number of buyers declined by 30.6%, while sellers saw a decrease of 11.0% compared to the previous month. These figures indicate a slowdown in NFT market activity during September, with fewer buyers and sellers participating, suggesting that the bearish sentiment still prevails.

The trend observed in daily unique users closely mirrored that of daily buyers and sellers during September. Notably, from September 20 to 22, there was a modest uptick in user engagement attributed to the airdrop activity associated with Pandra: PixelProwler NFT on 4 blockchains, with Polygon experiencing particularly heightened participation.

The Blue Chip Index witnessed a downtrend in September, with a decline of 7.5%.

Despite experiencing significant price declines in popular collections, some NFT projects are exploring opportunities beyond digital marketplaces to engage with a broader audience in the real world. One approach involves selling physical products through established platforms.

An example of this expansion is seen in Pudgy Penguins, which recently introduced its Pudgy Toys collection in 2,000 Walmart stores across the United States. Each toy is accompanied by a unique birth certificate that allows owners to claim distinct traits for their digital “Forever Pudgy” character within Pudgy World. This online virtual world operates on the zkSync Era blockchain and allows users to scan a QR code to activate their digital character. Pudgy Penguins has effectively utilized social media and experiential marketing strategies to attract and retain an audience, distinguishing itself from other NFT brands that have struggled to maintain momentum.

Chains & Marketplaces for NFTs

In September, Ethereum’s trading volume amounted to $364.0 million, representing a substantial 98.1% of the NFT market’s total trading volume. However, there was a 30.3% decrease in total Ethereum volume compared to August, reflecting the downward trend seen in the overall NFT market.

Ethereum attracted a total of 135.6K unique users, a decrease of 8.1% compared to August. Polygon also witnessed a decrease in unique users, with a total of 93.7K, down 30.5%. On the BNB Chain, there were 31.7K unique users, a significant decrease of 42.2%. User engagement has continued to decline over the last few months.

Speaking of NFT marketplaces, the dominance of Blur in terms of trading volume has been gradually diminishing. Its market share fell from 48.9% to 47.0% in September, following a downward trend that began in June when its share was 64.4%. Conversely, LooksRare saw an upward trend over the same period. Its market share rose from 8.9% in June to 19.3% in September. Meanwhile, OpenSea maintained a stable market share of 22.4% in September, slightly lower than its August share of 23.2%. The NFT marketplace landscape is shifting, with Blur’s dominance waning and LooksRare gaining traction.

In September, the NFT market experienced a decline in overall user activity, resulting in a decrease in the number of users engaging with most marketplaces. Despite this trend, OpenSea remained the dominant player, attracting a substantial user base of 189.6K unique users. However, this figure represented a significant decline of 29.7% compared to August.  On the other hand, Element saw a positive trend in user engagement. In September it recorded 41.3K unique users, an increase of 13.7% compared to the previous month.

The NFT marketplaces continued to engage in a lively debate surrounding NFT royalties throughout September. Rarible announced its decision to stop aggregating orders from OpenSea, LooksRare, and X2Y2 after September 30th. This move was made in support of maintaining and promoting the importance of royalties in the NFT ecosystem.

We are continuing the backend work to end aggregation of OpenSea, LooksRare & X2Y2 on https://t.co/xjSw1Jg8bV, without affecting Community Marketplaces.

While our timeline is changing, our stance is not.

We #StandForRoyalties, and will continue to build for artists & creators. https://t.co/HHYT8VLGjl

— Rarible (@rarible) September 29, 2023

The discussion on royalties gained momentum when X2Y2 introduced a 0% royalty fee for creators in February 2022. Subsequently, platforms like Sudoswap, Magic Eden, and LooksRare also adopted similar approaches later that year. OpenSea, initially a strong advocate for creator royalties, had set them at up to 10%. However, in February of this year, tensions with the competing Blur led OpenSea to reduce the royalty fees. OpenSea’s recent decision to make royalties optional resulted in the disabling of the OpenSea Operator Filter, a tool that enforced creator royalties.

NFT Investment & Funding   

In September, much like the preceding month, the NFT market continued to exhibit a sluggish pace, with a total of three funding rounds amounting to $27.14 million.

Animoca Brands has recently disclosed the acquisition of binding commitments for a funding round amounting to a significant sum of US$20 million. This funding injection aims to expedite the development of their esteemed project, Mocaverse. The funding round was led by CMCC Global, accompanied by notable investors such as Kingsway Capital, Liberty City Ventures, GameFi Ventures, and others.

Mocaverse is the membership NFT collection for Animoca Brands’ extraordinary family of companies, projects, investments, shareholders, and partners. Its primary objective is to construct Web3-native tools that empower products in gaming, culture, and entertainment. Through Mocaverse, users can forge their own digital identity, accumulate reputation, earn and utilize loyalty points, and leverage their digital presence to access the expansive Mocaverse ecosystem. This ecosystem is fueled by Animoca Brands’ extensive portfolio of over 450 companies and a partner network boasting more than 700 million potential users. Mocaverse will soon launch Moca ID, a collection of non-transferrable NFTs specifically designed to enable users to shape their on-chain identities and actively participate within the Mocaverse ecosystem.

TRLab, a fine art NFT platform, secured $5 million in seed round funding. The round was led by Hivemind Capital Partners and OKX Ventures, with the participation of HashKey Capital. 

TRLab collaborates with artists, art institutions, and estates to conceive, create, and launch art experiences that prioritize digital-first approaches for both established and emerging collectors. Notably, TRLab’s platform has already facilitated notable projects in partnership with renowned entities such as Vogue, the Calder Foundation, Cai Guo-Qiang (a contemporary artist), and Rhizome, the digital art-focused affiliate of New York’s esteemed New Museum.

Despite the continued depression of the crypto market in September, prominent crypto ventures such as a16z have shown signs of engaging in bottom-fishing strategies. Notably, a16z maintained a relatively low investment activity from June to August 2023, with only one monthly investment. However, their recent resurgence is evident with four investments made in September. It is worth mentioning that none of these investments were directed at the NFT market.

Ending Words

The mainstream media often seek out extreme narratives, focusing on absolute highs and lows to create attention-grabbing headlines. In the midst of this media frenzy, however, it’s important to remember that the dedicated creators and builders of the NFT work tirelessly behind the scenes, undeterred by market fluctuations.

People are saying “Now is the time to buy” when Rolling Stone publishes an article like this. This piece is contributed by the Footprint Analytics community. For more information head to https://www.footprint.network

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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.

Footprint Analytics

Free Analytics for the NFT arena. Explore community-built analysis and create charts with no coding.

The post September Monthly NFT Report in Collaboration with Footprint Analytics appeared first on NFT Plazas.

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 OneLand Metaverse Market Analysis stats for Oct 9 – 15.

Stake your The Sandbox LAND & earn 3.09%* APY. Stake your $SAND $ earn 7.47%* APY (*10.16.2023)

OneLand 7D data shows aggregate LAND cap for the 10 projects listed up 0.37% to 656,739 ETH (-3.6% to $1.03bn).

Looking closer – Decentraland saw a positive turnaround (+4.24%), while Otherside sunk to its lowest LAND cap to date.

$ETH fell significantly for a second week, dropping another 4.6% to $1,558.31, helping to drag down NFT values (total NFT cap -0.75% to 2.65m ETH, -4.94% to $4.23b USD). Most Metaverse tokens, incl. $SAND (-3.33%), $MANA (-3.33%), $APE (-1.73%) & $TOPIA (-13.77%) all fell.

HYTOPIA pulled in its highest LAND parcel sale of all time, with #881 exchanging wallets for 11 ETH. The average price last week remained a very strong 2.7 ETH, while the floor price hit an incredible 1.9 ETH!

Not sure if it is due to Otherside degens too busy playing LOTM or laid-off Voyagers halting trading, but last week’s sales of Otherdeeds plummeted to just 60 trades and only 62.1 ETH in trading volume (-74.62%).

Meanwhile, the Otherside LAND cap (-0.68%) keeps sinking this week to 321,864 ETH.

Somnium Space’s big VR1 update seemed to do the trick, the VR Metaverse project enjoying a second straight week of busy LAND trading, and with no especially high-priced purchases to account for – both weeks raking in 10+ ETH.

The vast majority of sales occurred over a busy weekend, with Sunday recording Somnium Space’s highest daily trading volume in 6 weeks.

For explanations of our data calculations, check docs.oneland.world/. For Metaverse market and project data, check oneland.world.

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OneLand is a 1-stop MetaHub — providing Metaverse data & analytics, LAND NFT marketplace, LandFi tools and Metaverse MediaHub. Our mission is to make it easy to discover, access, stay tuned to, research and invest in the Metaverse projects you love most.

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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.

OneLand

Financial platform for virtual lands in the metaverse.

The post OneLand Metaverse Market Analysis: Oct 9 – 15 appeared first on NFT Plazas.

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 OneLand Metaverse Market Analysis stats for Sep 25 – Oct 1.

Stake your TheSandbox LAND & earn 2.79%* APY. Stake your $SAND & earn 7.48%* APY (*10.2.2023)

OneLand 7D data shows aggregate land cap for the 10 projects listed falling 0.67% to 656,191.85 ETH. But in USD terms, land cap pumped 8.92% to $1.137 billion on the back of a cryptocurrency rally of 5.71% that saw $ETH soar 9.63% to $1,733.

Looking closer, and Otherside hit its lowest land cap of Otherdeeds to date (-0.95% to 323,161 ETH).

Ironically, it happened in the same week Otherside enjoyed its highest volume in a full 3mths (+102.5% to 265.95 ETH). This – as average land prices sunk to a lowly 0.75 ETH (but APEcoin at least was up by 15.66% for its first 7D rise in 2mths).

In contrast, over at HYTOPIA, last week’s average price almost reached a whopping 3 ETH per parcel, as its land cap continues its rise.

It is an interesting comparison (check Land Price Trend chart below), one that warrants further comparative analysis of the two projects.

At The Sandbox, it was once again a case of land sales inducing trades, but at the expense of/supported by lower prices (avg price -43.5% to 0.252 ETH). Higher sales (+455%) & volume (+214.3%) did nothing to rescue a falling LANDs cap (-0.77% to 116,118 ETH).

7D trading volume was also up at Decentraland (+617.4%) — 6 Estates exchanging wallets, incl. one for 7.47 ETH — in the week they announced their upcoming Metaverse Music Festival 2023.

At Worldwide Webb, 7D sales recovered from a bad week and, with Penthouse 9054 moving wallets for 4.53 ETH, sent 7D volume soaring 1,014%.

While over at BYOPills – and BYOLand prices were up last week by 92.8% to 0.112 ETH, as excitement heats up for this week’s BYORacer launch.

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For explanations of our data calculations, check docs.oneland.world/. For metaverse market and project data, check oneland.world.

—
OneLand is a 1-stop MetaHub — providing Metaverse data & analytics, Land NFT marketplace, LandFi tools and Metaverse MediaHub. Our mission is to make it easy to discover, access, stay tuned to, research and invest in the metaverse projects you love most.

Want more? Connect with NFT Plazas

Join the Weekly Newsletter
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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.

OneLand

Financial platform for virtual lands in the metaverse.

The post OneLand Metaverse Market Analysis: Sep 25 – Oct 1 appeared first on NFT Plazas.

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 OneLand Metaverse Market Analysis stats for Sept 18-24.

Stake your TheSandbox LAND & earn 2.3%* APY. Stake your $SAND & earn 6.73%* APY (*9.25.2023)

7D data shows aggregate land market cap of the 10 projects listed on OneLand down 4.02% to 660,635 ETH (or -6.52% to $1.04bn). Total NFT cap fell 6.92% to 2.69m ETH, while $ETH ended the week down 2.61% at $1,580.75.

7D Otherdeed sales (+71.4% to 156) & volume (+51.9% to 131.31 ETH) re-emerged above 100 & 100 ETH respectively for Otherside (which they both sank beneath the week earlier).

For the past 30D, Otherside’s sales count is down by 20% and its trading volume by 47.7%, while cap of Otherdeeds has fallen 4.29% to 326,358 ETH.

Meanwhile, Voxels witnessed its most active week of trading since the same time last month (7D volume +530%), with 4 sales on Monday resulting in its highest daily volume in over a month. 30D volume is still down 39.6%.

Somnium Space also enjoyed a weekly uptick in trade with 13 parcels (+333%) moving wallets, & 7D volume up 230.5%.

Meanwhile, purchases of Apartments eased at Worldwide Webb as the excitement of 3wks of Rugbusterz Rumbles subsided, 7D sales & volume sliding backwards 82.6% & 94.4% respectively, while its total land cap continues to hang on within the 10-11k ETH zone.

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For explanations of our data calculations, check docs.oneland.world/. For metaverse market and project data, check oneland.world.

—

OneLand is a 1-stop MetaHub — providing Metaverse data & analytics, Land NFT marketplace, LandFi tools and Metaverse MediaHub. Our mission is to make it easy to discover, access, stay tuned to, research and invest in the metaverse projects you love most.

Want more? Connect with NFT Plazas

Join the Weekly Newsletter
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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.

OneLand

Financial platform for virtual lands in the metaverse.

The post OneLand Metaverse Market Analysis: Sept 18-24 appeared first on NFT Plazas.

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 OneLand Metaverse Market Analysis stats for Sept 11 – 17.

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.

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.

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For explanations of our data calculations, check docs.oneland.world/. For metaverse market and project data, check oneland.world.

—

OneLand is a 1-stop MetaHub — providing Metaverse data & analytics, Land NFT marketplace, LandFi tools and Metaverse MediaHub. Our mission is to make it easy to discover, access, stay tuned to, research and invest in the metaverse projects you love most.

Want more? Connect with NFT Plazas

Join the Weekly Newsletter
Follow us on Twitter
Like us on Facebook
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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.

OneLand

Financial platform for virtual lands in the metaverse.

The post OneLand Metaverse Market Analysis: Sept 11 – 17 appeared first on NFT Plazas.