Metaverse virtual real estate encountered the "first cold winter": the price fell from 180,000 to 18 yuan

Due to the policy environment of "housing, not speculation" in the real world, some real estate speculation funds have turned their attention to virtual real estate in the metaverse.

However, at the end of the year and the beginning of the year, the "real estate boom" in the Metaverse since the second half of last year is experiencing the "first cold winter" after the Metaverse boom.

At the end of November last year, Chinese music idol Lin Junjie bought three pieces of virtual real estate on Decentraland, a foreign Metaverse product, at a price of US$123,000 (almost 800,000 yuan in RMB). The Distributed Continent is one of the Metaverse products that gained the limelight last year abroad.

In addition to distributed continents, Sandbox is also one of the more popular metaverse products abroad. The common feature of these two products is that virtual real estate can be purchased and traded on these two products. If Lin Junjie's transaction is calculated according to the transaction volume of Distributed Continent, apart from the star effect, the amount is not too conspicuous - as early as half a year ago, a piece of land was sold on Decentraland at an astronomical price of $913,000. The transaction record.

On December 6, a piece of virtual land on sandbox was sold for $4.3 million (approximately 27.39 million yuan), setting a new record for the real estate transaction price of the "metaverse" and breaking the record of $2.43 million set by the Decentraland platform , the price far exceeds the price of Manhattan, New York.

However, under the craze of "Metaverse real estate speculation", some people in the industry pointed out that the appreciation expectation of Metaverse's real estate is based on the expectation that the Metaverse platform will continue to grow. , then the value of the "virtual real estate" in the hands of investors may become worthless.

It is worth mentioning that there are also related domestic manufacturers that have produced similar "Metaverse" products, and the "Rainbow Universe" of the listed company Tianxiaxiu has received a lot of attention. The reporter of "Science and Technology Innovation Board Daily" noticed that the gameplay of Hong Universe's virtual real estate is actually similar to the gameplay of Decentraland and Sandbox, but its value logic is substantially different from that of foreign competitors. Under the heavy blow of domestic supervision, the Hongyu Universe real estate transaction, which was once hot a year ago, is returning to silence.

Normal Value Logic of "Metaverse Real Estate"

A number of blockchain industry insiders told the "Science and Technology Innovation Board Daily" that the value of the Metaverse real estate on foreign platforms is supported by internal logic.

Take the foreign Metaverse product "Sandbox" as an example. As of now, the floor price of a Sandbox virtual plot is 3.73 Ethereum (eth), which is roughly $12,000. It can also be seen from the unit of measurement that Sandbox is a blockchain application running on foreign public chains.