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This piece provides a recap of metaverse activity in January 2023.
The total trading volume of virtual land NFTs plummeted by 16.7% MoM to $33.7mm.
The total sales number of virtual land NFTs crashed by 31.1% MoM to 9.0K.
The trend for the average sales prices of virtual land NFTs remained fuzzy, with the average sales price of Otherside declining by 15.6% MoM, while that of Somnium Space witnessed a 34.9% MoM increase.
The number of unique holders of virtual land NFTs stayed flat, but Otherside and NFT Worlds registered declines of 1.3% MoM, respectively.
Metaverse tokens embarked on a sustained price rally, with WRLD achieving a 207.2% MoM price increase.
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