Is Metaverse Dead?
48% less $$ invested into the Blockchain Gaming business in Q3.
the number of land sales decreased by 37.54% in Q3.
trading volume decreased by 91.61%.
Have we got to the bottom of the Metaverse saga?
In Q3, Otherdeed, the NFT collection by Yyuga Labs, generated $54 million in sales. That's 92.70% less compared to Q2. Same with Bored Apes and everyone else.
For example, DappRadar registered an 80% decrease in trading volume for NFT Worlds. With $3.6 million worth of NFTs sold, that's their lowest point.
The virtual world market is, indeed getting lower and lower. Even the biggest players in the game are going down at tremendous speeds.
The Sandbox is down 73.21% from the second quarter. Even the 25.69% pump this month didn't save them.
Even though all #web3 projects are implementing new features and ideas, crypto investors aren’t likely to invest in today's market.
The water is too muddy to see the actual bottom of the crypto market.
Still hoping for a Bullish market soon!
