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How do land prices change in metasexual CryptoVoxels?

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This paper analyzes THE TRANSACTION of CV land parcel from five aspects (see the summary of this paper) for readers.

The price of CryptoVoxels

Original author: Dawn.X, Chen Qing rambling

This article summary

1. The average transaction price in the whole region

2. The median transaction price of the whole domain

3. Overview of transactions on each island

4. Average transaction price of each island

5. Influencing factors of plot unit price

The average price of all transactions

The fluctuations of the global average monthly land transaction price ETH (FIG. 1) and USD (FIG. 2) are shown as follows:

Figure 1: Average monthly transaction price of the whole region (ETH/ lot) & NBSP;

Figure 2: Average monthly transaction price (USD/lot) & NBSP;

· From the perspective of the average price of monthly land parcel transaction, the fluctuation of the average price is relatively small between the establishment of June 2018 and November 2019, and the average price of monthly land parcel transaction in the secondary market did not reach 1ETH until December 2019The primary market also reached 1ETH in January 2020. whileAlmost the same month or the next, the first and secondary market land clinch a dealThe average price went from 1ETH to 2ETH.

· From December 2019 to August 2020, from the perspective of ETH, the average price rose first and then fell, but from the perspective of USD, it was still in a relatively stable state.

· In December 2020, the secondary market due toThe B20 project party purchased the main island block 1226 and 1162 for 110ETH and 90ETH respectively.The average transaction price of the month increased to6.34 the ETH. After a field survey on the map, the author found that the two are row blocks with heights of 32 and 35 respectively.

· In February 2021, due to a buyer in the secondary market1800ETHThe purchase of main island plot 2034 caused the average transaction price of this month's plot to rise sharply to 25.36ETH.

· After March 2021, the average monthly plot price of ETH has slight fluctuations, and even has no significant increase in the past one and a half years.In dollar terms, the average monthly site price and the pre-2021 ratio rose significantly, on the one hand, due to the rise of ETH itself, on the other hand, CV in 2021, especially in the second quarter of the volume increase, which contributed to the price increase.

The median transaction price across the board

From the perspective of median unit price, from May 2020 to now, the median unit price of the primary market is between 0.70ETH and 1.96ETH, while that of the secondary market is significantly higher than that of the primary market, with the median unit price between 1.25ETH and 2.99ETH, indicating low overall fluctuation. Starting from 2021, the median dollar of the land is significantly increased, for the same reasons as described in the last paragraph of "average transaction price of the whole range".

Figure: Median transaction price (USD/lot) & NBSP;

Summary of transactions on each island

(1)In terms of transaction data, all transaction data of blocks from its establishment in June 2018 to April 2020 were only in Origin City, the main island, and only in other islands successively from May 2020.

As of the end of August 2021, CV officially has 20 islands. And in fact, according to the casting time of each island, the LordExcept for the three plots (plots 1, 3 and 4) at the center of the island, which were cast in February 2021,The remaining plots are cast before the end of April 2020. As for small islands, before the end of April 2020, CV officially cast a total of 8 small islands, among which Punks island has 2 plots, and the other 7 islands only cast 1 plot. Since May 2020, CV has focused on developing the islets. soThe lack of transactions before May 2020 May be attributed to the fact that the small island has too few plots for sale or has been cast and has not yet been listed for sale.

(2)New plots built in January-June 2021 are sold out on both the main island and the small island, which is preferred by buyers in 2021.

As of the end of August 2021, there are 210 sites on 11 islands that have not yet been sold. See Figure 3.

Figure 3: Unsold data as of end August 2021 & NBSP;

fromBuild timeLook,Islands built in 2021 are favored by buyers. At present, the islands that are not for sale, except Miami Island and Satoshi Island are cast in July and August 2021, and the others are cast in 2020. Miami Island is in a waitting state due to its high price. Which also meansAll newly minted islands from January to June 2021 have been sold.

fromIsland situationLook, Miami island has the most unsold land due to the high price of new land, followed by the main island has 73 unsold land, the other islands have fewer unsold land. visibleSmall islands are more popular with buyers.

Average transaction price of each island

The author made a fluctuation chart of the average transaction price of 20 islands from June 2018 to August 2021 (Figure 4).

Figure 4: Monthly average transaction price of land parcels on each island

According to the above figure, the following conclusions and correspondence analysis are made:

(1)The average transaction price of Origin City, the main island (blue line on top of square), was the first in the early stage, but began to be approached or even surpassed by The island in April 2021.In some months, such as December 2020 and February 2021, the average price of the island rose sharply due to the sky-high transaction price of some plots (see the description in the section of "Average Transaction Price of the whole region" for details).

(2)Prices on Little Ceres island (blue line with cross top) fluctuate so much that they are not even correlated with other island prices.The island is located on the west side of the main island, close to Ceres Island, and has only one plot. The prices of 7ETH, 5.75ETH and 5.75ETH are traded in May 2020, February 2021 and June 2021 respectively, which also form the blue cross peak in the figure in these months. May 2020 and June 2021 even exceeded the main island average.

(3)Tokyo (orange line) has the most striking average price of any island except Little Ceres,Prices fluctuate upward, then decline gradually, and finally level off. In this fluctuation process, some months exceeded the average price of all other islets, among which, October and December 2020 were 2.50ETH, April and May 2021 were 4.50ETH and 3.88ETH respectively, ranking the first. The average price of the main island in April and May 2021 is 4.37ETH and 2.91ETH respectively, slightly lower than that of Tokyo Island.

(4)The average price of the rest of the islands is equal. The tangled lines between April 2020 and August 2021 show that the average price fluctuations and other realizations of the remaining islands are almost integrated.

(5) 2021Average price of islands in AugustThe analysis is as follows: Although islets fluctuate and behave as a whole, there is still a difference in absolute value. The number of islands with transaction data in August was 18, and The two islands with no transaction data, Little Ceres Island and The Bronx Island, have had no transaction data for two consecutive months. Of the islands that have been traded,Origin City, the main island, still occupies the first place with an average price of 4.38ETH, While Milan island and Helios Island rank the second and third with 3.82ETH and 3.18ETH respectively.Far, Far Away Is next with an average price of 3ETH.There are six islands in 2ETH: Tokyo, San Francisco, Vibes, Electron, Trinity, Neutron,The average prices are 2.95ETH, 2.92 ETH, 2.77 ETH, 2.53 ETH, 2.25 ETH, and 2.00 ETH, respectively.The average price of the other 8 islets is between 1.55 ETH and 1.82ETH, which is very similar.

Factors affecting unit price

According to transaction data, location is a very important factor affecting unit price.

(1)In Origin City, the main island, two lots with obvious high prices are formed, one is around the very center of Origin City and the other is the Frunkfurt area.

willAround the very center of Origin City, the main islandThe last transaction price of the plot (FIG. 5) is marked as follows. It can be seen that the price of the 4 plots in the center is 100ETH except for plot 2, which is not yet sold. The average price of the second ring is 90ETH, 20ETH, 17.5ETH, which is much lower than the core 4 blocks, but still significantly higher than the average transaction price. Plot 9, 12 and 14. Although the transaction prices shown in the figure are relatively low, the transaction prices of these three plots are all the prices in June 2018, so IT is believed that the final transaction prices will not be too low. What is simply listed in the figure is the most central lot, adjacent to the plot that has not been cut off in the figure. The transaction price is still bright, but due to space limitations, it has not been marked one by one.

Figure 5: Transaction price of Origin City core area

Frunkfurt aroundB.20 project party (the collector of The Expensive Beeple paintings) spent 200ETH to buy lots 1226 and 1162, driving the prices of surrounding lots. The transaction price of BCA Museum (Lot 1074) was 50ETH, and that of Lot 1240 was 20 ETH. Are much higher than the average land price. At the same time, there are many plots around that have not been sold again since they were sold in 2019. The figure below only lists the prices of some plots.

Figure 6: Frunkfurt area partial transaction price

(2)The coastal area of the main island is slightly higher than the main island average, but much lower than the core of the main island.

(3)Coastal areas of small islands are more popular and land prices are significantly higher.We listed all the plots of the island whose transaction price is higher than 5ETH as follows (FIG. 7). It was found that among the 22 plots, 14 were in the coastal areas, and 3 of them had both coastal areas. There are 5 lots on the neighboring coast.

Figure 7: Land above the top 22 islands (transaction price: 5ETH)

It is believed that geographical location is certainly not the only important factor influencing the unit price factor, but no other significant factors have been identified so far. If there are other findings, please share them separately.

The above is all the analysis of the five aspects. I wonder if you have a further understanding of CV land price after reading this article. If you have questions, leave a comment on Twitter (@dawnx666).