CBD Market Report — Genesis City NW Quadrant

Generated 2026-07-19 · Coverage: all 6,776 parcels (X −150…−74, Y 63…150) · Sources: OpenSea activity, Ethereum L1 receipts, DCL Marketplace, EstateRegistry · Private — CBD community use

1. Fair Price

Rules of thumb: below $59 is a bargain; $59–$75 is fair; above ~$98 (1.4×) is a premium demanding justification; above $140 (2×) is 2024-era pricing. Offers are placed in ETH or MANA — use the converter on the heatmap for live rates.

Quarterly Liquidation Curve

When Decentral Games closed, the district lost its anchor tenant and its main purpose. The landowner, Vegas City, then began to liquidate the entire district. The median parcel fell 88% in USD terms from 2024-Q1 ($475) to the bottom in 2026-Q3 ($58). Volume peaked in 2024-Q4 (1096 sales) and has thinned to ~64 per quarter. Selling has slowed sharply, but the liquidation is not done. Roughly 49% of the district has never been sold. The first sign of a dollar-terms recovery appeared in 2026-Q2, when the median rose from $67 to $81 on 64 sales. That sample is thin, so treat the uptick as early evidence rather than a trend.

1b. Discount to Fair Value at Purchase

Across 734 priced CBD purchases, the typical (median) parcel was bought at 1.04× fair-at-time (4% above fair), and 47% were acquired at or below their quarter's market median. The dollar-weighted 1.08× is the community's purchase price variance (accounting) / execution-vs-benchmark (trading) — a truer scorecard of buying discipline than the "vs today's price" comparison in §4, which only looks worse because prices have since fallen.

Ratio below 1.00× = bought under the prevailing market median (a discount); above 1.00× = a premium. "Fair-at-time" is the quarterly median of all recorded sales that quarter (same series as the Quarterly Liquidation Curve in §1). Members with fewer than 5 priced purchases are omitted; parcels with no recorded price (~30%) can't be scored.

2. Wash Trading: the I_want_your_LAND Syndicate

Core wallets (identified via reciprocal-sale analysis and same-parcel round trips):

All 671 syndicate sales (473 distinct parcels), grouped by parcel in chronological order — the ×N badge marks parcels sold multiple times through the syndicate, most-repeated first — so each parcel's full resale sequence reads as one story instead of being scattered by inflation ratio: