Whatever happened to the Metaverse?
Comment of the Day

August 31 2023

Commentary by Eoin Treacy

Whatever happened to the Metaverse?

Eoin Treacy's view

During the pandemic the metaverse was all the rage and NFTs of whimsical characters were selling for millions. Today most have lost all their value but what of the companies that are pioneering the online neighbourhood marketplaces?

The Solactive Metaverse Select Index peaked in early 2022 and found a medium-term low at the end of the year. Since then, it has held a sequence of higher reaction lows and is currently firming from the region of the 200-day MA.

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