Product

Learn

Company

AKTIO coin

Metaverse Market Analysis: October 24-30, 2022

Overview MARKET_WATCH

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.

 

Highlights:

 

  • Metaverse land caps rise 14% to $1.46 billion on back of crypto rally, ETH +16%
  •  
  • Otherside land cap dips 6% – premium sales vanish from the charts
  •  
  • Trading remains quiet at NFT Worlds, as prices start to correct in anticipation of an end-of-year Beta release
  •  
  • Trading activity up at Worldwide Webb, as it opens its early access Alpha to all players


 

It may even be that ETH’s rally sparked some FOMO-ing traders in OG projects Decentraland and The Sandbox into action – weekly trading volumes were up by 57% and 33% respectively – but also Worldwide Webb (+25%) and BYOPills (+63%). 

 

Currently, Decentraland is gearing up for its second annual Metaverse Music Festival, taking place 10-13 Nov (in which OneLand will be participating) while The Sandbox concludes its 10-week long Alpha Season 3 (don’t forget to check our upcoming October monthly report for a performance comparison with AlphaS1 and 2).

 

Over at NFT Worlds, where the dev team power forward with their new game, its pricing has corrected a little over recent weeks to return near 1 ETH, after hitting as low as 0.73 on Sep 10. That is still a far cry from the 3.72 ETH ($5,840) prior to July 20 when Microsoft banned NFTs from Minecraft and forced NFT Worlds’ pivot, while trading volumes remain low, down 23% for the week as the community waits and watches while in a bear market. However, with a Beta on its way, a blockchain gaming integration, upcoming Game Jam and a little more marketing at play, it will be interesting to witness the coming months.

 

Trading and price action at Worldwide Webb has been lacklustre, but October has been a better month than September for the NFT integration superstar. Trading volume and sales numbers improved 24.8% and 50% for the week, as the project released news that come the end of the week (Halloween), its Alpha would open for all players! 

 

Source : nftplazas.com/metaverse-market-analysis-october-24-30-2022/ by Ivelina - October 31, 2022

Join our 60k+
tribe of Akters

Have any questions?

Check our Q&A

About the AKTIO coin

Benefit fully from our ecosystem

What’s new in the App?

We’re adding new features

Customer support

support@akt.io

+353 1 574 7382

Opening hours:

Monday to Friday: 9am - 5pm CET

Company

About

AKTIO coin

Careers

Learn

News

Glossary

AKT Academy

Help

FAQ

Sitemap

System Status

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata ICO Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata Pay Ltd, Reg number 12208424 and incorporated in the United Kingdom is the registered agent of Modulr FS Limited, a company registered in England with company number 09897919, authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573). Traditional currency will be safeguarded by a licensed bank in segregated accounts in accordance with regulatory requirements.

Automata Pay Europe Limited, Reg number 69028 and incorporated in Ireland is the registered agent of Modulr FS Europe Limited, a company registered in Ireland with company number 638002, authorised and regulated by the Central Bank of Ireland as an Electronic Money Institution (Institution Code C191242). Traditional currency is safeguarded as e-money in accordance with our regulatory obligations. Traditional currency will be safeguarded by a licensed bank in segregated accounts in accordance with regulatory requirements.

Automata ICO Limited, Reg number 690280 and incorporated in Ireland has applied for a Virtual Asset Service Provider registration with the Central Bank of Ireland. Whilst the application is ongoing we are permitted to continue business as a Virtual Asset Service Provider in line with the Central Bank of Ireland's regulatory disclosure statement as required under section 106L of the CJA 2010 in relation to registered VASPS. It is important to note that a registration as a VASP is a registration for Anti-Money Laundering (AML) and Combatting the Financing of Terrorism (CFT) purposes only. While Automata ICO Limited does have certain financial crime control obligations under this registration, cryptoasset services remain largely unregulated. The Financial Ombudsman Service or the Financial Services Compensation Scheme do not apply to the cryptoasset activities carried on by Automata ICO Limited.