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Metaverse Meltdown: Virtual Land Prices Hit a Rough Patch

Metaverse land prices have experienced a significant decline over the past year, in contrast to the soaring values seen during the NFT bull market. The decline is due to several factors, including the unsustainable bubble created by exuberant prices during the NFT bull market, oversaturation of virtual real estate projects, waning investor interest, and regulatory uncertainty. Currently, metaverse land prices range from 0.37 to 1.09 ETH, varying across different projects, with Otherdeeds having the highest-priced land and Voxels offering the most affordable plots. The decline in metaverse land prices serves as a reminder of the market's volatility and the need for investors to exercise caution.

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