Finance

Road to SLO at full throttle: Wrap-up week 3, City Center Parcels

The third week of Somnium Space’s Road to Secondary Land Offering (or Road to SLO in short) has just finished faster than usual after only 2 days of Dutch auction style selling of 25 XL(arge), M(edium) and S(mall) parcels. This week followed the highly successful first and second week of Road to SLO.

The Road to SLO is 10 consecutive weeks of parcel auctioning by Somnium Space. After the Road to SLO the company will announce the date of the Secondary Land Offering (SLO), which is most likely happening during the second half of 2020. If you want to know more and perhaps grab a few Somnium parcels yourself, check out this article: https://somniumtimes.com/2020/03/13/press-release-road-to-secondary-land-offering/

City Center Parcels

The third week focused on Small, Medium and XLarge City Center parcels just west of Somnium Waypoint. Such parcels are very lucrative as people who join Somnium and spawn into this VR world are bound to visit these places and whatever has been built on them.

Number of sold parcels

A total of 25 parcels were put on auction by Somnium Space and all 25 were sold way before the end of the 3-day auction period. The first parcel that was sold was #2717, an XLarge parcel.

The total amount spent landed on almost 95 ETH, which is 3.8 ETH on average per parcel. This is lower than the 4.4 ETH average of the first week (exclusive waterfront parcels), but significantly higher than the 2.8 ETH of the second week.

Price for each parcel

The following chart shows the price per parcel.

Average Price per parcel type/size

The following chart shows the average price per parcel size. XL parcels’ average (5.5 ETH) is almost twice the average amount for Medium parcels (2.8 ETH). This confirms what we have seen during the first two weeks: XL parcels sell for twice the amount compared to M parcels. The sole S parcel sold for 2.2 ETH.

Total amount spent per week of SLO

The following chart shows the total amount spent per week in the 10 week Road to SLO.

The total amount that has been spent after 2 weeks of Road to SLO is 275 ETH.

Number of Parcel Holders

Number of parcel holders stands at 230 at the time of writing. This is an increase of 7 compared to 1 week ago.

Other charts

The following chart shows the purchased parcels per owner address.

Rank on OpenSea

Somnium Space keeps topping the OpenSea ranks as far as total weekly transaction volume is concerned, which currently stands on 233.95 ETH. This means an overall 2nd place.

Didn’t get a parcel this time around? Do not despair, the fourth week of Road to SLO is just around the corner!

Useful Links

Somnium Space

Road to Secondary Land Offering (SLO)

Somnium Space on OpenSea

Categories: Finance

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