$ 104,414.4
$ 2,503.22
$ 0.8013
$ 658.22
$ 174.28
May 27, 2023
Massive Losses Are Suffered By Top Metaverse Property Investments
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Prices of virtual lands on some of the top metaverse have declined significantly from their peak prices of 2022, with most depreciating around 90% in value. Popular metaverse properties, such as Otherdeeds, The Sandbox, Decentraland, Somnium and Voxels, have all depreciated in value.
Voxels' cash-strapped business misses despite Apple's VR headset
The cheapest land in the metaverse could be found in Voxels, which sells for 0.16 ETH. Voxels’ virtual properties faced a 93.8% loss, as did Somnium. Despite the massive drop in prices, Voxels remains optimistic about a comeback. Tech giants and major economies continue to test the ultimate potential of the metaverse through various investments and initiatives.
eToro market analyst Josh Gilbert said the new headset could set the markets ablaze, considering Apple’s proven record of delivering high-quality, market-shifting products.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Sonakshi is into the crypto world ever since she heard about it and is pursuing her interest through Cryptoknowmics. She is a sensational poet, technical writer and content strategist.