Metaverse Land Values Plunge 99% as Major Estates Reprice to Floor Levels

Major metaverse land deals from the 2021 and 2022 boom now trade at four-digit values instead of their original seven-figure purchase prices. A CoinGecko study confirmed that average metaverse land prices dropped 72% from their peak levels by June 2024. This decline signals a fundamental shift in how digital real estate functions within the broader non-fungible token market.