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Metaverse housing bubble bursting? Virtual land prices crash 85% amid waning interest

08/09/2022

Less than a minute

2022.08.09 12:50

Metaverse housing bubble bursting? Virtual land prices crash 85% amid waning interest

The metaverse sector is witnessing its very-own housing crisis moment, thanks to massive declines in the prices of its virtual lands in 2022, led by waning users’ interest and a crypto bear market.

In particular, metaverse projects built on the Ethereum blockchain, including the Sandbox and Decentraland, have witnessed substantial declines in their valuations and other key metrics, data from WeMeta shows.

08/09/2022

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