Get in on the Virtual Metaverse Land Craze – Now 90% More Affordable!

Get in on the Virtual Metaverse Land Craze - Now 90% More Affordable!


Discover how prices for virtual land in leading Metaverse ecosystems have plummeted, resulting in significant losses for speculators who sold recently.

Prices for virtual land inside leading Metaverse network ecological systems have plunged in the year. This has resulted in major losses for speculators that have sold recently.

On May 26, CoinGecko co- founder Bobby Ong posted an update on Metaverse network land prices. He compared those at their peaks with what they as of now fetch—and the image isn’t pretty for landholders.

Metaverse network land was all the rage during the 2021 bull market and into the 1st half of 2022. Virtual parcels were getting snapped up at big prices. In addition, huge worldwide brand names even purchased up large swathes of Metaverse network land.

Virtual Land Languishing

Fast forward to mid-2023, and the virtual landscape looks rather desolate for those needing to liquidate.

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The most expensive Metaverse network land as of now is Otherdeeds by Otherside, at 1.09 Ethereum (ETH) (around $1,970). The project was launched by Bored Ape Yacht Club (BAYC) studio Yuga Labs. Nonetheless, prices have slumped 78 percent since their peak when a plot of land cost 5 ETH.

In May 2022, the floor price of Otherdeeds land spiked to 7.5 Ethereum (ETH), reports by the research.

Decentraland virtual land as of now sells for 0.64 Ethereum (ETH) or around $1,156 at current prices. This has declined by 88 percent since its peak when parcels went for 5.24 ETH.

Land in The Sandbox has declined 90 percent in price since its peak of 4.2 Ethereum (ETH). Today, a plot will set you back around 0.43 Ethereum (ETH) or $777.

Furthermore, smaller Metaverse network projects such as Somnium and Voxels have seen virtual land prices slump by 94%.

It is a similar story for Non-Fungible Token (NFTs), where trending projects have plunged in price terms in the year. Collections such as Doodles, Moonbirds, and Goblintown have seen Non-Fungible Token (NFT) floor prices plummet.

In general, Non-Fungible Token (NFT) sales volume has declined by 84 percent from April 2022 to April 2023, reports by CryptoSlam.

Metaverse network Crypto Tokens Mauled

Metaverse network land is not the only thing to fall since crypto tokens related to virtual ecological system projects are likewise in the doldrums.

The Sandbox (SAND) has been battered and remains down 94 percent from its record-breaking peak of $8.40 in November 2021. The Metaverse network crypto token was currently worth just $0.50 at the time of writing.

Decentraland (MANA) has faced a similar destiny, having fallen 92 percent from its $5.85 peak. Today, MANA is changing hands for $0.46.

The once-hyped Axie Infinity AXS crypto token is in even more pain. This Metaverse network investment has lost a whopping 96 percent from its record-breaking peak of $165. Traders can scoop up AXS crypto tokens for just $6.82 at the moment.



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This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. Lolacoin.org does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.




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