Just looked at the numbers for the Metaverse market again, and honestly, it’s impressively depressing. Property prices have collapsed by 99.8%. A piece of land that was once worth 24 million is now being sold for 9,000 dollars. This isn’t just a decline—it’s effectively a complete collapse.

What fascinates me most: the big projects from the 2021–2022 hype have been hit the hardest. A Snoopverse estate in The Sandbox that cost $450,000 back then now brings in only $1,025. That’s the same 99.8% crash. And these aren’t isolated cases; it’s the same pattern everywhere.

The NFT market overall has crashed even harder. According to last year’s data, trading volume is down 45%, even though the number of sales has increased by 78%. That basically says it all: people are selling their cheap assets, but nobody’s interested in the expensive ones anymore. The Metaverse land price has been completely revalued.

I find the NFT-Kreditmarkt particularly interesting. It has fallen by 97% from the peak. That means even people who still believe in these assets no longer want to use them as collateral. That’s a massive downward trust signal.

Some Metaverse projects have gained a bit back recently, but we’re talking about fractions of their previous valuations. The market has completely reoriented itself—away from these speculative premium land plots, and toward assets that are actually used and generate transactions. This is actually a healthy correction, but for everyone who entered at the height, it’s a disaster.