Metaverse land prices have collapsed by 99.8%, with a $24 million plot now valued at just $9,000. This dramatic decline reflects a broader market repricing, as digital land once seen as a durable asset has lost its premium value. Notable sales from the 2021-2022 boom, such as a $450,000 Snoopverse estate in The Sandbox, now fetch only $1,025, marking a 99.8% drop. The downturn is part of a wider NFT market reset, where trading volumes have decreased significantly. DappRadar reports a 45% drop in NFT trading volume in Q2 2025, despite a 78% increase in sales, indicating a shift towards cheaper assets. The NFT lending market also saw a 97% decline in volume from its peak, further eroding high-end valuations. While some metaverse projects show recent gains, they remain far below their peak valuations, highlighting the market's shift towards more transactional and utility-linked assets.
Metaverse Land Prices Plummet 99.8% Amid Market Repricing
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