Source: news.google.com
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In 2021 and early 2022, there was a lot of talk about virtual “real estate.” Investing in the metaverse was going to be the “next big thing.” Early speculators invested hundreds of millions, if not billions, of crypto dollars in the first “gold rush” of virtual land. Then, in the third quarter of 2022, as part of the widespread downturn in the cryptocurrency and NFT markets and the global economic downturn, the average sales volume and prices of virtual land on major metaverse platforms plummeted.
Perhaps this volatility was to be expected, as incipient as the metaverse is and so embryonic…
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