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.
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 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.
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.