Metaverse Land Still Attracts Some People After Slowdown – Bloomberg

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Falling prices of digital assets have dampened prices for virtual land, but some people still continue to buy.
Attendees wear virtual reality headsets at Metaverse Expo Japan in Chiba. 
Victoria Vergolina
For a while, there was a real buzz around owning land in the metaverse. As one theory went, Millennials and Gen Z’ers who’d given up on being able to afford a physical property would splurge on a virtual one instead. Well, it’s not quite turning out that way.
Despite the hype – and investments by everyone from Snoop Dogg to the Bajan government – owning property in the metaverse so far hasn’t turned out to be a winning investment. Bloomberg reporter Carly Wanna joins the show to discuss why some are still betting on virtual property despite falling prices and declining user activity.

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