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Virtual land prices on some of the top metaverses have decreased significantly, with a drop in value of around 90% compared to their peak values of 2022.
A Study Published by CoinGecko, it shows that from January 1, 2022 to May 24, 2023, popular metaverse properties, such as Other Works, The Sandbox, Decenterland, Somnium, and Voxels, all depreciated in value compared to the previous year.
As shown above, the most expensive asset at the time, OtherDeads by OtherSide, which once sold for 5 Ether (ETH), is currently selling for 1.09 ETH – a drop of 78.2%. Sandbox and Decentraland assets also fell by 89.76% and 87.88%, respectively.
CoinGecko notes that the cheapest land in the Metaverse can be found in Voxels, which is currently going for 0.16 ETH as of May 24. Voxels’ virtual assets suffered a loss of 93.8%, which is similar to Sonnium. Despite the massive price drop, Voxels is hopeful of a comeback. official twitter account where did it go,
“We are No. 5! We are No. 5! (It hurts me too, but winter is coming, the only thing to do is build).
Tech giants and major economies continue to test the ultimate potential of the metaverse through various investments and initiatives.
Connected: Chinese city releases draft policy for the development of metaverse industry
iPhone maker Apple is soon to release a mixed-reality headset, which could potentially rekindle global interest in the metaverse.
CT is completely oblivious that Apple is about to launch a Mixed Reality headset in 3 weeks
The Metaverse Is Going To Pump Out Shitcoins So Fast It’s Not Even Funny
but you fools keep buying impressive coins
Correct
— Udi Wertheimer ♂️ (@udiWertheimer) May 15, 2023
Speaking to Cointelegraph, eToro market analyst Josh Gilbert said the new headset could set the market on fire given Apple’s proven record for delivering high-quality, market-shifting products. Gilbert said:
“When Apple does it, they usually do it right.”
According to a report by Apple product astrologer Mark Gurman, the new Apple headset is set to launch on June 5.
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