Maze Metaverse: Pixel Cemetery or Investment Opportunity?

It sounded promising: Metaverse, a space that takes place somewhere between the digital and analogue worlds and brings us all even closer together. Especially in times of corona-related isolation, that sounded like a welcome change. In short, Mark Zuckerberg rebranded Facebook to Meta on October 28, 2021, while crypto projects like Decentraland and The Sandbox skyrocketed in price.

But the euphoria quickly dissipated. After Meta launched its Metaverse “Horizon Worlds” in December 2021, only a few avatars (without legs) stumbled through Meta’s virtual world. But Zuckerberg does not give up – the further development of the project is apparently ongoing.

Meanwhile, the World Economic Forum only announced in January that it was working on its own global metaverse. A total of 80 international organizations are to work on the “Global Collaboration Village”. The aim is to stomp the first global “purpose-driven metaverse” out of the ground. The technical framework for this should come from Microsoft, which itself had already dared to take the first steps in the metaverse with “Mesh”.

And in crypto space? If you jump into Decentraland, you can see that not much has happened in the past year. A few new sounds maybe, but otherwise not much is going on in the Metaverse game: lots of pixels, few users. Smells like pixel graveyard.

There is at least a bit more going on in The Sandbox – on the official home page you can choose between different contests and try to get hold of some SAND tokens.

But also new(er) projects like high street (HIGH) with Minecraft graphics and few users are more of a deterrent than making the brave new digital world palatable.

The approach of sounds more exciting metahero: With 3D scanners, the project wants to merge the analogue with the digital world. However, if you look at the token of the project, you need a lot of optimism to see potential there. Since its all-time high, the token has lost 97.87 percent of its strength. Meanwhile, 24-hour trading volume of $984,794 suggests interest doesn’t seem to be high.

Conclusion: future uncertain

Whether the Metaverse – especially in the crypto space – will take off again is difficult to estimate at this point in time. However, if the overall market follows the current upswing that the Bitcoin price is dictating, a little play money in the Metaverse tokens SAND, MANA and Co. could well be worth a try. Because measured against the last highs, there is still a lot of room for improvement everywhere. However, those who dare to take the plunge should be aware that they are moving in a highly speculative field in an already speculative market.

Want to know how to get into the Metaverse? Then take a look at our Metaverse guide.