The concept of the metaverse is still evolving and the worlds within it are changing
Summary
Virtual worlds across the metaverse were booming at the end of 2021. But since the turn of the year, the sparkle has drifted from the space’s big players like Decentraland and The Sandbox. But while the big players are going through a rocky period, new players are waiting in the wings to offer users utility, value and hope for the future of the metaverse.
2022 has not been a kind year so far for some of the biggest names in the metaverse. Decentraland, The Sandbox, Cryptovoxels and Somnium Space are all down since the beginning of the year.
Sales of land have dropped and native token prices – SAND, MANA and CUBE– continue to go down in price. The number of unique active wallets interacting with the virtual worlds has started declining steeply and the general excitement around the future of these platforms has been fizzling away perceptibly.
