Virtual Land Sales Take a Plunge Amid Broader Crypto Downturn

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Virtual Land Sales Take a Plunge Amid Broader Crypto Downturn

   Blockchain News Decentraland Metaverse NFT Non-Fungible Tokens Sandbox    August 4, 2022  |  0

Virtual real estate is seeing a crash of its own as prices of land in various metaverses, as well as sales volumes, have plunged to the lowest levels in months – amid a broader crypto downturn that has seen around USD 2trn wiped from the crypto market capitalization.
According to a dashboard tracking metaverse sales by Dune Analytics, an open-source data provider, almost all projects have seen a significant drop in the sales volumes and average prices of their virtual land….
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