The average price of virtual real estate platforms (decentraland, the sandbox, voxels, somniumspace, nftwolds and superworld) has dropped from about US $17000 in January this year to about US $2500 now, a drop of 85%.
With the advent of the crypto bear market and the sharp drop in prices, artists companies and celebrities who once announced that they would buy virtual real estate at a high price are facing floating losses. Among them, singer Lin Junjie once spent 123000 US dollars to buy three virtual real estates in decentraland. At present, the value of these three lands is about 16628 US dollars, with a floating loss of 86.5%.
