2 Reasons to Buy the Dip in Metaverse Real Estate

Although things are starting to look up a bit across investment markets, it's clear that the crypto winter has yet to thaw enough to put away our snow boots. Signs of thawing there are, though, and they point to an end of snow and ice -- eventually.

There are still lots of opportunities to buy the dip in crypto assets like non-fungible tokens (NFTs), including metaverse real estate. Virtual real estate, unlike many other NFT assets, has utility far beyond its sticker price. Even so, who doesn't want to score a bargain?

Here are a few reasons to buy the dip in the metaverse while you still can.

1. Despite rumors to the contrary, virtual real estate still has significant value

Although it's true that on average, virtual land prices have been pretty depressed since about March, this single data point doesn't really tell the whole story. The percentage of properties for sale in both Decentraland (CRYPTO: MANA) and The Sandbox (CRYPTO: SAND) have to dipped to serious lows since that time, with sales in Decentraland hitting 0.97% in July, and those in The Sandbox dipping to 1.01% in June.

Both Decentraland and The Sandbox have seen a similar drop in for-sale properties, indicating that speculators may well have exited the platforms for now, since the cash left to grab is no longer fast and easy. Simply put, the number of properties that are available for sale at this time is very few, as more owners seem to be holding on to their virtual real estate. But despite that, some properties are still bringing in more than their initial sale prices.