The Monthy Metaverse Report is out now! In this report, you can find great insights the metaverse from March and commentary about the market last month!
Make sure to read March 2022 Metaverse Report to stay up to date on the happenings in this fast-moving space.
A Taste of What’s in Everyrealm’s March 2022 Metaverse Report:
Market Overview
Global markets experienced heightened volatility in March as rising inflation in America and war in Europe reduced risk appetites across the board. Crypto markets were not immune, and continued to experience wider trading ranges as correlations with broader equity markets continued to increase…
Metaverse Platforms - Market Capitalization
Market Cap | Market Cap ($bn) | Rank, CoinMarketCap |
Ethereum | $394.4 | 2 |
Decentraland | $4.8 | 33 |
Sandbox | $3.9 | 40 |
Axie Infinity | $3.9 | 44 |
As of 31 March 2022. Source, CoinMarketCap.com
March 2022 Returns by Asset
Digital Asset | Ticker | March 2022 return, % |
Ethereum | ETH | 12.4% |
Axie Infinity | AXS | 16.6% |
Sandbox | SAND | 5.3% |
Decentraland | MANA | -8.1% |
Everyrealm Metaverse Index | na | 15.5% |
As of 31 March 2022. Source, CoinMarketCap.com
Market Commentary
Despite a lackluster Q1 performance for the broader digital asset class, institutional interest in the metaverse continued to gain momentum in the month of March. Citi led the way with an in-depth research report on its forecasts for the metaverse, in which they predicted that it would become a US$13 trillion investable market by 2030 with an estimated five billion users. This surpasses the already optimistic forecasts from Goldman Sachs and Morgan Stanley China, who both predicted a total addressable market of up to US$8 trillion earlier this year…
Download the full report.