Finance

Road to SLO is breaking records: Wrap-up week 5, Disco District Parcels

The fifth week of Somnium Space’s Road to Secondary Land Offering (or Road to SLO in short) finished yesterday after 3 days of Dutch auction style selling of 25 XL(arge), M(edium) and S(mall) parcels AND an exclusive 10 XL parcels Estate. Every week of Road to SLO appears to surpass the previous one and this week was no exception. Again records were broken after the already highly successful first, second, third and fourth 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/

Disco District Parcels

The fifth week focused on Small, Medium and XLarge parcels in what has been labelled Disco District, south of Somnium Waypoint, on the shores of Deep Oasis Lake. Parcels in this area are deemed valuable as the Disco District is quickly turning into a hot spot for anyone looking for fun and a great night out. For example, Club Hex, already famous for its great live music, is located here.

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 10 XL Estate didn’t go on Dutch auction, but allowed for classic bidding. In the dying minutes of the auction, the bids rose to phenomenal levels. The final amount landed on 145 ETH (USD 25.000).

The total amount spent landed on more than 261 ETH (USD 45.000) which is 7.5 ETH on average per parcel. This is significantly higher than the averages of the previous 4 weeks (4.4 ETH, 2.8 ETH, 3.8 ETH and 6 ETH respectively).

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 (12.6 ETH) is three times the average amount for Medium parcels (4.2 ETH). XL parcels continue to be in very high demand, but this applies for all land in Somnium. S parcels sold for 2.2 ETH on average.

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 5 weeks of Road to SLO is 685 ETH (USD 120.000).

Number of Parcel Holders

Number of parcel holders stands at 250 at the time of writing. This is an increase of 12 compared to 1 week ago and 27 compared to 2 weeks ago.

Every week sees an influx of 8-15 new land owners. Multiply with 10 (weeks) and it is clear that Road to SLO attracts many new members to the platform.

Other charts

The following chart shows the purchased parcels per owner address.

Rank on OpenSea

Like in previous weeks Somnium Space keeps topping the OpenSea ranks as far as total weekly transaction volume is concerned, which currently stands on 645.57 ETH (USD 113.000). This is second to none.

Didn’t get a parcel this time around? Do not despair, the sixth 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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