metaverse The concept, which emerged with the promise of opening the door to virtual worlds, gained major momentum in 2021 and 2022 and caught the attention of the masses.

Metaverse in particular gained even more momentum after Facebook changed its name to Meta. own property in virtual worlds It attracted many investors with the idea of ​​creating a

So much so that in the future: “I wish!” Investors wanting to avoid this had bought millions of dollars worth of virtual land on platforms like Decentraland and Sandbox.

Even with the Metaverse craze in 2021-2022 Decentraland, Sandbox and Otherside There was a sharp increase in virtual land prices in projects such as.

Some land in Decentraland and Sandbox price is $15,000the price of Otherside land rose to 5 ETH.

Investors who got caught up in this madness wanted to buy the land in question. paid millions of dollars It even came up.

Investors hope that the Metaverse and these virtual worlds are the technology of the future.I wish I had done that!” He made huge investments not to say that.

However, this market quickly turned into a large speculative market and reached its peak in early 2022.

At that time, the crypto markets were generally swollen by excessive demand and almost all crypto assets had reached their peaks.

For this reason is the sudden decline of cryptocurrencies It also affected the Metaverse lands.

Of course, the general collapse of crypto assets wasn’t the only problem.

Metaverse platforms It has not yet reached the expected technological infrastructure and user base. As a result, interest quickly declined.

As a result, land prices are almost Drops up to 90% and Metaverse countries gradually lost their appeal as an investment vehicle.

In short, buying land in virtual universes, opening stores in these digital worlds, organizing events or just “in the world of the future” Although it may seem very attractive to acquire a place, Metaverse countries, which offer a piece of the world of the future if we look at the current situation, attract their investors. left halfway It seems like it.

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