March 10, 2023, 11:08AM EST
• 4 min read

February Metaverse Recap

Quick Take

  • 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.

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