Skyweaver has been in the making for four years, and finally launched its open beta this week, while the BAYC floor price is dropping fast.

The team behind one of the top memecoin projects Shiba Inu (SHIB) is rolling out tokenized real estate dubbed “Shiba Lands” as part of its upcoming metaverse project.

Shiba’s upcoming metaverse is yet to receive a name, with the team referring to it as the “Shiberse,” and stating that the official title will be revealed later this month.

The launch date for the tokenized land sales and auctions is also set to be announced soon and hodlers of the LEASH token (which is available via Shiba Swap) will be granted first access to the land sale events.

After the first round of sales, access will then be opened up to the public.

“Overall, our focus is not only to disrupt the Metaverse industry but many industries in and outside the crypto world. Therefore we are early, but most importantly, our metaverse serves as the anchor in our sustainable ecosystem, as we add even more utility, projects, and benefits for our beloved ShibArmy.”

NFT floor prices in the basement

The NFT market has faced a notable pullback this week, with the floor prices of a long list of top projects seeing losses of around 10%.

According to data from NFT Price Floor, the Bored Ape Yacht Club (BAYC), CryptoPunks, and Clone X all shed 8.79%, 9.47% and 6.67% apiece over the past 24 hours to sit at a floor price of 91 Ether, 66.95 Ether and 14 Ether respectively.

It appears the market is cooling down after seeing a meteoric surge so far in 2022, with the BAYC’s floor, in particular, starting the year at 60 Ether before almost doubling to around 118 Ether as of Feb. 1.

A major factor correlated with the declining floor prices of the top projects are the declining trading volumes observed on OpenSea. Cointelegraph reported earlier today that the total trading activity on the platform dropped by 30%.

Skyweaver launches beta

The long-awaited rollout of the open beta for NFT turn-based card game Skyweaver has gone live this week, after months of testing behind closed doors for a limited number of players.

Skyweaver is based on the Polygon network and was developed by Horizon Blockchain Games, whose team co-created the ERC-1155 token standard. The game enables players to collect and earn tokenized cards from battling each other, then trade the cards via its marketplace.