ANNOUNCEMENT! We're excited to share that The Block Pro, a portfolio of research, news and data products in one easy-to-use platform, launches later this month. Reach out to your account manager for more information about products and subscription options.
This piece provides a recap of metaverse activity in February 2023.
The total trading volume of virtual land NFTs leaped by 251.3% MoM to $113.4mm.
The total sales number of virtual land NFTs grew by 275.0% MoM to 33.8K.
Average sales prices of virtual land NFTs displayed a lot of volatility, but generally underperformed the broader crypto market.
Otherside noted a strong decline in the number of virtual land holders, falling by 2.4% MoM, while Decentraland registered a 0.6% MoM increase.
Metaverse token prices took a dive in February, with APE tumbling by 13.7% MoM.
Join The Block Research for exclusive research like this
Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.