The Metaverse and NFTs liquidity is drying up

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Written by

xuanling11

Learn futures together!

1 year ago

In community: Cryptocurrency and Blockchain(7b7f)

Topics: Ideas, Learning, Blogging, Cryptocurrency, Free write, ...

Yes, Metaverse is dying along with NFTs, and both liquidities are drying up.

https://twitter.com/CoinDesk/status/1579505063155769347

There are only 38 active users in Decentraland and 522 in Sandbox.

So why is their valuation near billion dollars ($1.3B for each)?

What’s the future of Metaverse?

https://twitter.com/LilMoonLambo/status/1579589996411260930

The short answer is there has little incentive for Metaverse that users are likely to choose in the future. If anything can be done in the physical world, why are you doing it twice in the physical and virtual worlds?

https://twitter.com/yo/status/1579516731282059270

Like virtual land, you cannot live there but shill your NFTs. But you can live in the house physically with a big screen to displace your JEPG.

Why is it so important to have an NFT anyway?

https://twitter.com/AndyFidel_/status/1578727763535884288

There is not any significance in owning NFTs. Because all utilities are faking them up, there is no real usage besides the duplication of the existing utilities.

Why do you want to possess NFT arts anyway?

https://twitter.com/CryptoSportsIO/status/1578732442138996736

Show off?! There is no real usage but a digital copy of the physical goods.

The benefits of not using NFTs

When it comes to national currency financial institutions, the primary driver of the future of the banking system is “the need to ensure the proper functioning of our financial system,” according to a recent report. “The growing importance of financial services in the economy and the fundamental importance of financial regulation makes it essential to strengthen regulatory oversight of the financial sector.”