S1 2020 – Virtual Real Estate

The fourth and final analysis on the first half of 2020 markets and dapp statistics. This time, in the Virtual Real Estate or Metaverse segments.

zoup2020-08-04

The fourth and last article in our series of analysis on the first half of 2020 offers you a concentrate of insights on the Virtual Real Estate segment, a segment that has historically driven the growth of NFTs with the first $LAND Auction of Decentraland in late 2017.

A particular focus will be given to the evolution of the Decentraland market, with the arrival of the new asset classes: Wearables and Names.

Virtual Real Estate Market Trends

Somnium Space offers the greatest latitude in terms of price differences, from less than $200 to more than $1,500 in certain weeks of April. This increase in price over the period is enough to take first place at Decentraland on the average price of plots.

Decentraland experienced a slight drop with an average price of $LAND which remains above the $700 mark.

The Sandbox and MegaCryptoPolis stabilize with average prices per plot around $50 but we still observe a relative increase in the average price of all plots.

The distribution of the market from the point of view of the transferred USD leaves the share to the historic project: Decentraland, with 40% market share.

Note the important place occupied by the latest project arrived in the sector: The Sandbox, whose 14% market share is mainly due to the successful presale LAND at the end of March.

[FOCUS] Decentraland Market Trends

The Decentraland market remains predominantly supported by the secondary market of $LAND and $ESTATES, which still represent 88% of the market from the point of view of the USD. The $WEARABLES represent only 9% of the volume and the $NAME 3%.

If we look at the Decentraland market in terms of the number of sales, the arrival of $NAME on the market fundamentally changed the morphology of the market. These reduced value assets represent a very large share of the market in terms of sales quantity.

The high price and scarcity of $LAND explains this difference between the 88% of USD Transferred and only 5% of the volume of Sales.

Despite a predominance of $WEARABLES in the middle of the period, we observe a progressive slowdown of this type of asset in favor of $NAME.

The other analysis on the First Semester 2020

Global NFT Industry Performance vs. First Semester 2019 (Transactions, USD, Active Addresses)

Performance & Distribution per segment (Art, Real Estate, Gaming, Collectibles, Domain Names, Trading Card Games)

Focus on Art, Domain Names & Trading Card Games (Distribution per project on each segment)

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