Top Metaverse Real Estate Investments Suffer Massive Losses: Report

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    Virtual land prices in some top metaverses have fallen significantly from their peak prices in 2022, with most metaverses down about 90% in value.

    Popular metaverse properties such as Otherdeeds, The Sandbox, Decentraland, Somnium, Voxels, etc. all depreciated in value during the study period from January 1, 2022 to May 24, 2023, according to research published by CoinGecko. is shown.

    Compare land prices in the metaverse. Source: CoinGecko

    As shown above, the most expensive property at the time, Otherdeeds by Otherside, which once sold properties for 5 Ether (ETH), is now selling for 1.09 ETH, down 78.2%. . Sandbox and Decentraland properties also fell 89.76% and 87.88% respectively.

    CoinGecko pointed out that the cheapest country in the Metaverse is in Voxels, which will sell for 0.16 ETH starting May 24th. Voxels’ virtual assets fell 93.8%, similar to Somnium’s. Despite the significant price drop, Voxels remains optimistic about its resurgence.Official Twitter account Mention:

    “We’re fifth! We’re fifth! (It hurts me too, but winter is winter again, all you have to do is keep building).”

    Tech giants and major economies continue to test the ultimate potential of the Metaverse through various investments and initiatives.

    Related: Chinese city announces policy design for metaverse industry development

    iPhone maker Apple will soon launch a mixed reality headset, which could increase global interest in the Metaverse.

    In an interview with Cointelegraph, eToro market analyst Josh Gilbert said the new headset could set the market on fire, given Apple’s track record of delivering high-quality, market-changing products. . Gilbert says:

    “When Apple does it, they usually do it right.”

    Apple product fortune teller Mark Gurhman reports that the new Apple headset will be available on June 5th.

    Magazine: Crypto-Backed Mortgages: Do the Risks Outweigh the Rewards?

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