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Virtual land metaverse projects such as Decentraland, Voxels, The Sandbox, and others, have experienced a significant plunge in floor prices of their NFTs between 2022 and 2023. The move down left digital collectible and non-fungible token (NFT) enthusiasts questioning the future of the digital real estate market. Metaverse enthusiasm fading A new study
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Unlike last winter, when the price of ETH was pushing $4,000 and trading volumes were at all-time highs, this flippening comes as the rival collections’ prices are on the way down. The Bored Ape floor price is down almost 40% in the last month, with CryptoPunks down 24%, according to
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Bitcoin has soared higher over the past few days. After bottoming at $11,200 late last week after the
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