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Metaverse market sales collapse by 96%

Edition #46 - 23 DEC 2022


Monthly sales on metaverse platforms have fallen 96% this year. While Metaverse platforms brought in $49.2 million in monthly trading volume in January, that figure dropped to a mere $2 million in November.

The Sandbox reclaimed its market dominance among metaverse platforms, though Decentraland finished the year with the most valued land parcels.



gaming developments


metaverses & Adoption


defi


funding rounds

  • DeFi technology company Pods raised $5.6 million in a Seed funding round. IOSG, Tomahawk, Republic, Framework Ventures, 4RC, Alexia Ventures and others are among investors;

  • NFT platform Revel raised $7.8 million in a Seed funding round led by Dragonfly Capital, with participation from Union Square Ventures, Sfermion, 6th Man Ventures, Gaingels, Wagmi Ventures, Alumni Ventures, Global Impact Ventures, Hansa Labs and Polygon;

  • Hardware wallet developer Foundation Devices raised $7 million in a Seed funding round led by Polychain Capital, with participation from Greenfield Capital, Lightning Ventures, Third Prime, Warburg Serres, Unpopular Ventures and Bolt.

 



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