Metaverse is Not Dead, Investors Are Still Buying In: Glassnode

The Metaverse crypto abstraction isn’t arsenic blistery arsenic it was backmost successful 2021. Many people, companies included, were hyped due to the fact that they thought virtual worlds were wherever things were heading successful the future. That isn’t the lawsuit now

According to CryptoSlate, the Metaverse marketplace has dropped from $23.54 cardinal to conscionable $4.9 billion. That’s a immense loss. Big investors look to beryllium looking elsewhere, moving toward AI, DeFi, and Real World Assets (RWA).

So, does this connote that the Metaverse is dead? According to Glassnode, the Cost Basis Distribution (CBD) metric indicates that determination are inactive plentifulness of radical who person not sold their Metaverse tokens, and immoderate are adjacent buying more. 

Even though the prices person gone down, tokens similar the Sandbox (SAND) proceed to get bought. That means immoderate investors inactive judge successful these projects and spot them arsenic bully semipermanent bets.

According to Glassnode’s report,  SAND holders aren’t backing down contempt terms swings. Another Metaverse token, MANA, is seeing beardown buying enactment astir $0.60, meaning radical are taking vantage of little prices. 

SAND investors proceed holding and buying for the agelong run. | Source: Glassnode

AXS has been steadily accumulated implicit the past 2 years, proving that immoderate investors inactive person religion successful the project. Instead of selling, they’re holding choky and lowering their outgo ground portion waiting for a imaginable comeback.

MANA investors bought astatine $0.60 successful Feb 2025, adjacent arsenic prices fell | Source: Glassnode

Tracy Jin, COO of MEXC, thinks the excitement astir the Metaverse faded due to the fact that it didn’t present connected the immense expectations. “The hype astir these projects has faded considerably successful caller years,” she said. Investors person shifted their absorption to wherever they tin marque much profit. 

Metaverse is antithetic from memecoins and Defi, they trust connected radical to really usage the platform. So, without real-world demand, they person been incapable to enactment relevant. 

With dilatory adoption and constricted usage cases, these tokens person recovered themselves successful what Jin calls a liquidity trap, wherever determination conscionable aren’t capable buyers.

Institutions person mostly moved on, but large tech companies similar Meta, Apple, and Nvidia are inactive investing successful VR and AR. That means the Metaverse conception isn’t dead; it’s conscionable evolving. If blockchain-based projects tin support up and find caller ways to pull users, they could inactive marque a comeback. But for now, the hype has cooled down, and investors are playing the agelong waiting game.

Also Read: TRUMP Organization Files US Trademark for Metaverse and NFTs