Metaverse land sale volumes. Source ... reporting substantial second-quarter losses. METV daily price chart. Source: TradingView Nonetheless, corporations, venture capital funds and private ...

Land prices in the metaverse plummeted due to declining interest, as average plot prices on the Sandbox game fell from $15,000 to $1,500, down 90%. Metaverse is defined as virtual worlds which one ...

But real estate values have had a rocky ride. Land prices in the four major metaverse platforms, The Sandbox, Decentraland, Cryptovoxels and Somnium Space, have fallen 50 to 80% this year ...

Metaverse sector information chart. Source: CryptoSlate A Glassnode report shows that despite declining prices and fading hype ... eye-catching virtual land deals, and massive promises ...

Meta Platforms and Microsoft have also signaled less bullishness on the metaverse recently. Meanwhile, prices for virtual land are down nearly 90% from a year ago. Elon Musk seems at peace with ...

According to data from metaverse analysis site WeMeta, the average virtual land price has dived by over 80 percent to date, and the trade volume of virtual properties also plummeted by over 90 ...

For a while, there was a real buzz around owning land in the metaverse. As one theory went ... betting on virtual property despite falling prices and declining user activity.