Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens Rangers for their attitude clues to delivery! CTOnews.com, April 9 news, recently, ChatGPT has become a new hot spot of science and technology, while the once magnificent meta-universe has fallen into a low ebb, and the price of meta-universe real estate has also collapsed.

The median transaction price per square meter of land in metacosmos rose from $20 per square meter in 2017 to $6000 in 2021, according to metacosmos analysis platform WeMeta. However, the median transaction price of Decentraland, the world's largest meta-cosmic real estate sales platform, has fallen nearly 90 per cent to $5 from $45 in 2022.

At the beginning of 2022, meta-universe real estate set off an upsurge of hype. Virtual real estate platforms such as Decentraland and The Sandbox attracted a large number of users and investors, and even stars such as singer Lin Junjie and rapper Snoop Dogg also joined the ranks of meta-universe to buy land. According to CTOnews.com, the house price of Yuanyang was even higher than that of a villa in Beijing at that time. However, the craze faded quickly after less than a year. According to the China Securities Journal, the three virtual properties Lin Junjie bought at Decentraland for $123000 in November last year are now worth only about $10,000, a floating loss of 91 per cent. In addition to the collapse in prices, the popularity of these three plots of Lin Junjie is also deserted. According to the weekly visits provided by the platform, almost no one is interested in these three sites.

Not only that, a similar situation has occurred in the domestic market. On November 1 last year, Tianxiu Digital Technology Group launched a virtual social meta-universe product, Honnverse Rainbow Universe, which was open to the first batch of users. At that time, when the online limited edition virtual real estate reservation activity was opened, the server crashed because of the large number of participants. However, in second-hand trading platforms and QQ groups, the real estate of Rainbow Universe is almost "one price a day". Compared with virtual real estate with hundreds of thousands of yuan before, the price has shrunk to several hundred yuan to dozens of yuan now.

In addition, the loss of users of many virtual real estate platforms is serious. A year ago, the global number of daily active users on Decentraland was more than 1200; on The Sandbox, it was even more than 8800. But as of April 7, there were only more than 100 active users on both platforms.

Experts believe that meta-universe real estate lacks scarcity and application scenarios, so it is difficult to form sustainable value. At the same time, some tech giants have begun to cut their meta-universe departments, indicating that they are cautious about the future of meta-universe.

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