top of page

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


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.


Subscribe to Weekly Essentials

Recent Posts

See All

Edition #49 - 27 JAN 2023 Pantera published The Year Ahead, a letter detailing the 2022 year-in-review and our 2023 market outlooks. gaming developments Dapp Radar's Flow Blockchain Ecosystem: Perfor

Edition #48 - 20 JAN 2023 2023 will see token unlocks worth $102 billion with the highest values including: - XRP ($17.9 billion) - FIL ($4.9 billion) - OP ($3.7 billion) Chainlink, BitDAO, ApeCoin,

Edition #47 - 30 DEC 2022 Non-fungible tokens (NFTs) exploded in 2021, thanks to soaring cryptocurrency prices that encouraged new traders to explore the space. Eye-watering NFT sales, like "Beeple’s

Ready Player DAO
bottom of page