Metaverse Land Prices Plummet by 90% in Value Since 2022 Peak, CoinGecko Study Shows

05/27 09:10

A recent study by CoinGecko has found that virtual land prices on popular Metaverses such as Otherdeeds, The Sandbox, Decentraland, Somnium, and Voxels have decreased by around 90% from their peak prices in 2022. The most expensive property, Otherdeeds by Otherside, has seen a 78.2% decrease in value, while Voxels and Somnium have faced a 93.8% loss. Despite this, Voxels remains optimistic about a potential comeback. The upcoming release of Apple's mixed-reality headset could reignite global interest in the metaverse and potentially set the markets ablaze.

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