Sales of non -budgetary tokens linked to the metavers have increased by 27% in August compared to the previous month, suggesting that people could “slowly sneak into virtual worlds”, according to a Dappradar analyst.
There were 6.5 million dollars in metavese trading volume in August, slightly down compared to July but coming from 13,927 sales, representing an increase of 27% compared to last month, according to the report published Thursday.
“It is the 2nd month of regular activity, suggesting that users can turn it over slowly in virtual worlds such as sandbox, mocciverse, other and decentraland,” he wrote on X.
The metavese peak hype in 2021 and 2022, driven by speculation and excitement as to what technology could achieve, slowing down in 2023 and beyond after its initial shine of popularity.
People “sneaned” in the metavese
In July, Dappradar recorded sales of $ 6.7 million and a commercial volume of 10,900 metavour, a significant leap of only $ 3.7 million in sales and 12,800 in volume in June.
Dappradar’s analyst Sara Gherghelas said that the August figures show that “Metaverse is not yet dead” and that people seem to “withdraw into virtual worlds”.
However, January has always been the best month of sale this year, with $ 7.7 million, while in April and may have been the best for trade after hanging more than 19,000 in volume each.
Long -term infrastructure -focused platforms
Currently, Gherghelas said that the main platforms are focusing on long-term construction, emphasizing infrastructure.
The sandbox, a subsidiary focused on the metavese of animoca brands of the web3 company based in Hong Kong, had its largest land auction in July. Moccroversse, a web3 ecosystem and an NFT project, is preparing to launch the mocc channel, with an expected Testtt this quarter.
At the same time, others, a Metaversse platform developed by Yuga Labs, published global construction tools powered by AI in August.
DECENTRALAND, a 3D virtual world based on a browser, announced a major engine upgrade, and Hyopia, a web 3 and Metaversse game platform, replaced its $ Topia token $ by the new Hybux token. The team also widened its creative fund.
In relation: Animoca sandbox revisions while co-founders confirm the new strategic roles
“Although the volumes remain modest, the leading platforms focus on long-term infrastructure, identity and creator tools,” added Gherghelas.
Metaversse Projects still in progress
Companies are also working on the launch of metavies also, with the artificial intelligence start-up, Infinite Reality, the acquisition of the musical hacking application that has become a Napster musical streaming service in March with plans to add a music metache.
Meanwhile, the operations of the company DTTM belonging to Donald Trump filed a request for brands in February, linked to a Metaverse and NFT market built around the brand of the American president.
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