In Episode 132 of My Metaverse Minute, Kieron reacts to plummeting Metaverse real estate prices and cautions users to avoid merely following speculative investment trends in the Metaverse. Instead, investments should be made in defining how the Metaverse will operate.
Highlights
00:08 — Metaverse real estate prices have dropped 80% in six months.
00:39 — Trading for land on six of the major platforms, including Decentraland and The Sandbox, is down 97% from its peak. When it comes to the Metaverse, users can’t follow trends or treat the Metaverse as a speculative investment opportunity.
01:14 — The greatest success stories from the early internet were those introducing new ideas for how it would be used, such as with search engines and social networks.
01:41 — The Metaverse is still in development, with plenty of opportunities for new innovations to guide its use in the future.
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