Real estate prices in some of the best metaverses have fallen significantly from their peak in 2022, with prices often dropping by around 90%.
Research published by CoinGecko shows that popular metaverse assets, such as other actions, The Sandbox, Decentraland, Somnium and Voxels, all fell in value during the study period, from January 1, 2022 to May 24, 2023.
As shown above, the most expensive property at the time, others by others, which sells the property for 5 Ether ETH ($1,899), currently trading at 1.09 ETH, down 78.2%. Sandbox and Decentraland properties are down 89.76% and 87.88%, respectively. CoinGecko said that the cheapest land in the metaverse is in Voxels, which sells for 0.16 ETH as of May 24.
The property of Voxels has a loss of 93.8%, as did Somnium. Despite the falling share price, Voxels remains optimistic about the return. His Twitter account said:
“We’re number 5! We’re number 5! (And I’m sorry, but it’s going to be cold, all you have to do is keep building).
Tech giants and mega-wealth’s continue to test the ultimate potential of the metaverse by investing in various initiatives. iPhone maker Apple will launch a mixed reality flagship, which could spark global interest in the metaverse.
Speaking to Cointelegraph, eToro market analyst Josh Gilbert said that the new headset could set the market on fire, due to Apple’s proven track record of delivering high-quality, market-changing products. . Gilbert says:
“When Apple does it, they usually do it well.”
According to a report from Apple product manager Mark Gurhman, the new Apple headphones will launch on June 5.
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