Finance

Road to SLO keeps on going: Wrap-up week 8, Parcels near City Center

The eighth week of Somnium Space’s Road to Secondary Land Offering (or Road to SLO in short) finished on Saturday, May 9th, after 3 days of Dutch-style auctioning of 25 parcels and one 8 x Medium parcel Estate.

The emphasis was on Medium sized parcels this time (with some S and XL parcels on auction as well), which is of course reflected in the overall amount spent (previous auctions focused mainly on XL parcels). In addition, this week saw one 8 x Medium Estate on auction, whereas the previous weeks had multiple XL Estates.

However, when taking the above into account it is clear that the spending (per parcel and parcel type) was completely in line with the previous, highly successful, Road to SLO weeks. To check previous weeks, see first, second, third, fourth, fifth, sixth and seventh week of Road to SLO.

Prices per parcel confirm Somnium Space parcels are in high demand.

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/

Parcels near City Center

The eighth week focused on Medium and XLarge parcels near Somnium Waypoint. It is a very attractive location as people usually spawn in the center and will easily find their way to these parcels.

Number of sold parcels

A total of 33 parcels were put on auction by Somnium Space and all 33 were sold before the end of the 3-day auction period.

The 8 x Medium Estate was sold for a little more than 42 ETH (~USD 8.400).

The total amount spent landed on more than 152 ETH (more than USD 30.000) which is 4,6 ETH on average per parcel. Again, remember these were mainly Medium parcels.

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 (8.3 ETH) is almost twice the average amount for Medium parcels (4.3 ETH). S(mall) parcels sold for an average of 2 ETH. These numbers are completely in line with previous record breaking weeks.

Total amount spent per week of Road to 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 8 weeks of Road to SLO is 1417 ETH (~USD 283.000).

Number of Parcel Holders

Number of parcel holders stands at 268 at the time of writing.

Rank on OpenSea

Somnium Space maintains its high rank on OpenSea ranks as far as total weekly transaction volume is concerned, which currently stands on 230 ETH (~ USD 46.000). This is good for an overall 2nd position.

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