Statistics for July 24-30, 2023. Over the past week, the 10-project VRE market capitalization fell 2.15% for the tenth week in a row to 667,988 ETH (or a 3.54% drop to $1.244 billion). Meanwhile, ETH price fell 1.43% to $1,861.76. Investor interest in the Metaverse has been on the decline in recent months, not just because of a macro recession or bear market, but because it has been overshadowed by the “next big thing” AI. However, in terms of sales volume, projects like Somnium Space and Voxels are doing well. Decentraland and BYOLands also picked up. Overall, the Metaverse market has seen a relatively large decline in volume over the past four weeks.