If you're stopping by for the first time and you haven't already and you want to, please subscribe.

Metaverse Real Estate Prices Drop and Metaverse Job Postings Drop 81%

 


Metaverse is the hot topic during the 2021 cryptocurrency cycle, especially as social media giant Facebook has made this technology a hub for the virtual world.


However, the momentum surrounding the Metaverse technology has been partially diminished and the property price has subsequently fallen.


According to the data provided by The Information, the average price of a virtual plot has fallen by more than 66%.


Meanwhile, the total monthly trading volume of Metaverse real estate companies on six major platforms has fallen by a whopping 90% over the past six months.

The post further points out that the prices have plummeted after the significant drop recorded in cryptocurrency and NFT prices.


Many property buyers on Metaverse have bought land in the hope that they will rent or sell it to companies looking to build their own real estate in the virtual world.


The publication indicates this by saying:

Investors who bought in at the peak are now sitting on ground that has fallen in value.

Meanwhile, the economic downturn in the real world could affect brands' appetite to spend on building their virtual presence. 

 Metaverse job ads jump 81% in Q2 2022:

According to Revelio Labs, jobs in the Metaverse space fell by more than 81% in the second quarter of 2022 i.e. between April and June.


Of course, this drop coincided with the crash in the prices of the crypto market.


In addition, the decline coincides with a slowdown in employment in the emerging technology sector.


Economist Jin Yan of Revelio Labs described the metaverse jobs as short-lived publicity stunts after Facebook announced its interest in the field.


However, there are five types of metaverse functions that still exist without decreasing in demand, and they are:


.Metaverse Research Scientist

.Blockchain engineer

.Strategic NFT

.metaverse chart

.Ecosystem developer in Metaverse

Currently, it is not clear how long it will take the industry to recover from the recent collapse.

Comments

Post a Comment


To stay up-to-date with all of our latest content, please consider following us on social media.




Popular posts from this blog

Create a Payza account Free in 2 minutes!

Image
Payza is a free online payment service, like Paypal, Neteller and Payoneer, allowing you to send, transfer and receive money online very easily and securely. And you can also transfer money to your bank account or add it to your Payza account. How to open / create a Payza account? Registration is quick and easy, just click here www.payza.org then: - Click on "Sign up" and choose your type of account you want "Personal Account or Business". - Fill in your personal data correctly: Your no name and first name, email address and password "Enter at least 8 characters, include capital letters, lowercase letters, numbers and symbols". After your registration do not forget to check your mailbox to confirm your registration. Wait! Things are not done yet, let's talk about services, which Payza offers its members: 1. Opening an account for free and without annual fees. 2. Send money fast and safely. 3. Receive your payments quickly and sec
Read more

The latest information about the new Facebook Cryptocurrency

Image
Some time ago, we became aware that Facebook was planning to launch its new currency, but now we have more and more assurances about it. The new currency will enable users to make purchases through various Facebook platforms such as Messenger, WattsApp and Instagram, whether the user has a bank account or not. BBC sources indicate that Mark Zuckerberg has engaged in a lengthy dialogue with the Bank of England Governor on the subject.
Read more

Binance and its CEO are under surveillance, according to the “Wall Street Journal”

Image
  Binance, the leading digital currency trading platform, faces legal and operational challenges that may determine its future course. According to information obtained by the Wall Street Journal from undisclosed sources, Changpeng Zhao, known as “CZ,” may be subject to criminal charges by the American authorities after a period of investigation. Despite the obstacles Binance has faced recently, such as the departure of some senior staff and extensive layoffs, there are those who remain optimistic about the sector’s ability to recover, such as Matt Hogan of Bitwise, who sees the field as strong and resilient. Despite these challenges, Binance co-founder Yi He confirms that the company will overcome these difficulties. Confidence within the company is wavering, especially with Binance's trading volume falling to half of global trading from 70% at the beginning of the year. Previous reports indicated that US authorities are considering accusing Binance of illegal practices, which thr
Read more

Digital encapsulated tokens issued by FTX or Alameda are no longer redeemable!

Image
  Following FTX's Chapter 11 bankruptcy filing, the encapsulated cryptocurrency issued by crypto exchange FTX or its sister trading partner Alameda Research has now been hit by a significant drop in prices. According to Coingecko data, the bitcoin encapsulated on Sollet has fallen by more than 60% in the past 24 hours, significantly below the value of the original bitcoin. In contrast, the price of Ethereum encapsulated on Sollet also fell but by only 8% over the same 24-hour time frame. It should be noted that for both encapsulated digital tokens, soETH and soBTC, Coingecko displays a warning notice on its website that: SOBTC digital tokens are encapsulated with bitcoin tokens issued by FTX or ALAMEDA. These two entities have filed for Chapter 11 bankruptcy, so the original cryptocurrency is no longer recoverable. Cryptocurrencies, such as Bitcoin or Ethereum, on Solana make these assets available for use on the Solana blockchain so that users can hold or trade them in place of ac
Read more

Create a Paysera bank account

Image
How to open/create a Paysera account? Paysera Bank is one of the best electronic banks in 2021 and was founded in 2006, with its headquarters in Lithuania. Paysera bank started as a real bank and not electronic, then after that it modernized and developed its services and became the owner of electronic bank services as well, surpassing its counterparts from other electronic banks. Advantages of Paysera card You can have a bank account with them for free. Provides the Visa Paisera card service that helps you activate your PayPal account. Currency exchange service that includes about 32 multiple currencies. More than 150 countries around the world can transfer money with the Paisera card Bank. The lowest commission and costs among its counterparts from other electronic banks. You can order up to five Visa cards for each account you hold with them. It has a high degree of security and account protection. You can transfer your paysera account to your WebMoney account or to your Payza bank
Read more