What happened

Metaverse dreams are alive again (for now) as the values ​​of major metaverse-related cryptocurrencies surged this week. Those gains were driven in part by macro news, but also by optimism about the metaverse.

According to data provided by S&P Global Market Intelligence, as of 11:30 a.m. ET on Friday, infinity axis (AXIS 3.59%) increased 22% over the past week, decentraland (MANNA 12.20%) rose 39.4%, the Sandbox (SAND 9.05%) had jumped 35.5%, and ApeCoin (BUN 0.96%) it had jumped 20.5%.

And

The latest Consumer Price Index report, released on Thursday, showed prices declining slightly month-on-month in December, with year-over-year inflation continuing its decline to 6.5%. That led investors to speculate that interest rate increases will slow and…