Price of virtual real estate on the metaverse soars 879 percent in 18 months: Study

Prices of blockchain-based virtual real estate on the metaverse increased by 879 percent between September 2019 and March 2022, according to a study.

Blockchain data platform Chainalysis’ study uncovered big differences in the prices of land in various metaverse projects and found that investors have been doubling down on digital assets for the purpose of “flipping” to turn a quick profit.