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Virtual Real Estate Platforms See Prices Plunge

Aug 15, 2022
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Virtual Real Estate Platforms See Prices Plunge
(Source: Decentraland)

The bear market effect of Bitcoin is being transmitted to various other fields. According to data from research institute WeMeta, the average price of virtual land on six platforms based on Ethereum dropped from about $17,000 apiece in January this year to about $2,500 apiece in August, a decrease of 85%.

According to a report by Ch…

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