The difficulties of the crypto world have affected many aspects and sectors. Not only have digital currencies been in trouble, but virtual earth and the Metaverse have also been caught in the crossfire. Last year, something as simple as buying an item within a metaverse was considered a symbol of luxury or status.

However, the hype and excitement around the land of the metaverse has subsided since March of this year. This is due to a combination of falling cryptocurrency prices and slow infrastructure development.

Almost a year ago, Facebook changed its name to Meta and virtual land prices skyrocketed. But now, 11 months later, trading volume is down more than 80%. Was this just a wild dream? Will the prices of the virtual market rise again? Is it worth investing in the ecosystem?

Metaverse and virtual lands…