Welcome back to the weekly issue of Metapoly’s Newsletter!
In this newsletter, you will get weekly updates on:
- Meta news with what’s happening in the metaverse
- Meta analytics and insights on the metaverse land investment
- Metaverse spotlight where you can find hot project updates and more
- Metapoly News to highlight what’s happening in Metapoly
Metapoly is a Metaverse Bank that focuses on building financial infrastructure for the metaverse. Metapoly creates liquidity and utility for your metaverse assets, through borrowing & lending, leasing, fractionalization and more.
We aim to be the go-to DeFi platform for metaverse land investors and metaverse enthusiasts. Welcome to Metapoly, where we build, invest, and explore the metaverse together!
Let’s dive into it!
🌎 Meta News
Let’s see the news for this week in the Metaverse!
- Otherside Metaverse Starts Testing This Week!
- CJ ENM, The Sandbox team up to build metaverse in LAND
- TikTok owner ByteDance dives deeper into the metaverse with VR start-up deal
- Does the Metaverse need blockchain to ensure widespread adoption?
- Indian Schools to Adopt XR STEM Learning
- The retailers setting up shop in the metaverse
💰Meta analytics
In this section, we are collaborating with top analytics companies/projects to bring you data analytics and insights focusing on metaverse land investment. This week’s analytics data are from WeMeta, a go-to platform for all things Metaverse; robust data insights and accessible UI makes it easier than ever to interface with the digital world.
- Weekly Metaverse Review
The first week of another month is here! We are surely looking forward to a more stable market in the metaverse. Inside WeMeta’s analytics, they are featuring the Virtual Land blue-chip metaverse Projects: Decentraland, The Sandbox, Voxels, Somnium Space and NFT Worlds. Let’s take a look at the first week of July’s progress!
Floor Price
Floor Price is the price of the lowest listed land within a metaverse with outliers removed. In general marketing terms, the higher the floor price is, the more an NFT project garners demand from the community. Since the Blue Chip land projects are more decentralized (not easily manipulated), this explains the demand.
Based on Table 1, we are seeing a weekly improvement in the floor price of virtual lands! Compared to last month’s floor prices (seen in table 2) which have been unstable, the first week of July came pretty great.
We can also see that The Sandbox has been increasing steadily, with a 9% increase in USD, but removing the factor of price increase of ETH, we are still seeing an increase in just one week. One reason that we can consider for this increase is the success of their event during the NFT.NYC and the constant releases of PRs and news about Sandbox Season 3 coming really soon!
(In Table 1, there is no data for the Somnium Space on July 6, which shows a downward trend, but not necessarily.)
Average Sale Price
Let’s also take a look at the virtual lands’ Average Sale Price. Average Sale Price is the median price of LANDs sold across a time period and by just a four-day difference, we are seeing from the table below that the users are still buying higher than the floor price. This is a good factor for a virtual land, because this means that the users are buying as they see it has potential in the long term or the land is under-valued.
In Table 3, the highest average sale price that increased is Decentraland, which gained a 93.57% increase in just four days. One factor that we can consider in this increase is the launching of Metakey in Decentraland — opening their new metaverse events venue called “The Black Panther”.
Market Cap
Based on WeMeta, Market Cap is what represents the total value of all LAND for a metaverse. The floor price of the land multiplied by the total Land supply is the Market Cap as per WeMeta.
By checking on Table 4, we are seeing that Decentraland and The Sandbox Game have the biggest market caps among the 5 Virtual Worlds. But we are seeing a really positive number from The Sandbox, which we are seeing a 31.74% increase in their Market Cap in just a week!
📌 This Week’s Top Selling Lands
In this section, let’s view some of the Top Selling Lands in the metaverse from WeMeta!
- LAND (-8, -15) from The Sandbox Game
In first place for this week is a 1x1 land from The Sandbox Game, which sold for $29,026.90! This land is considered a premium land — part of the lands that surround major partners or social hubs where players spawn into the game.
Well, I guess it’s worth the price! This land is just below The Sandbox Game’s 24x24 plot of land, near Time Square, and even the Apes.
2. 888 Lantern Estate from Decentraland
Second from the list is this 2x2 land from Decentraland! Now being sold for $23,888, this land has all the qualities that landowners are willing to have — near the roads which are perfect for events, near other projects which means there is more traffic, and most importantly, the building is the BAYC gallery where BAYC holders hang out.
3.Fashion estate from Decentraland
Lastly, the third one on the list is also from Decentraland which is in the Fashion Estate and also near the roads, which is the most important factor in buying land. It is near different fashion brands, and is now the headquarters of Adaptive Labs. What is brewing inside?
- Conclusion
It’s actually great to see progress compared to last month’s volume of sales and average sale price in the metaverse. From plummeting and unstable data from last month to increasing and stable data. As we see in the tables below, we can see a 38% increase in the first week of July compared to the first week of June. We hope to see this continuous development of our metaverses, and soon enough to recover from the bear market!
🧿Meta Spotlight:
This section is reserved for the projects, podcasts, events, or newsletter that is currently trending or worth looking into for everyone in the space!
Community Pick
We are now adding this section to our newsletter starting today! This section is dedicated to the metaverse projects suggested by our Community, or projects that wish to collaborate with us. If you have any suggestions, please connect with the team through Discord!
For today’s Community Pick, one of our OGs suggested Dusktopia. Desktop is a cyberpunk world-building faction game, built on the Ethereum blockchain. Players acquire lands, properties, and in-game avatars to grow their strength and influence, earning Dusktopia’s in-game utility token, $DAWN, in the process.
In their recent medium article on June 28, they announced their Governor’s Round, where they will kick off their mint of 1000 Dusktopia Genesis Land NFTs! They also gave previews that in terms of art — were really breathtaking.
Check out their website, and twitter to know more!
Must Listen
For this week’s spotlight, we feature “Web3 Breakdown” in our must-listen section! Web3 Breakdowns is a series of conversations exploring innovation in the decentralized internet. Each episode focuses on a different topic — covering NFT projects, crypto assets, blockchain-based protocols, and businesses being built with Web3 architecture.
Their podcasts are really informative and inspiring. They talk to founders, artists, influencers, and even investors to share about web3. They also help people that are new to crypto be educated and get into trends such as How Crypto Offers 10% Yields and Quarterly Market Recap. Check them out!
🎙Metapoly’s June Recap
June might not have been the best month for the Crypto Market, but as we like to say, these times are made for building, and that’s what the Metapoly team has been doing.
In our latest article release, we shared details about Metapoly’s Core Team being in NFT NYC, the first phase of Metapoly as a bank — Borrowing and Lending, and one of the most exciting launches that are coming for our Community: The Guardians NFT! We also talked about the ongoing community activities that you can join. Lastly, this newsletter also included what has been ongoing inside Metapoly in technical terms. We never stop building and we are excited about what’s coming. Check out the full article here!
Hope you are enjoying the Weekly Newsletter by Metapoly! We would love to hear from you on any feedback so we can improve along the way. Join the fellow metaverse enthusiasts in the community and start the conversation: https://discord.gg/metapoly
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