Projects built on the Ethereum blockchain, such as Sandbox and Decentraland, have lost ground on key metrics. According to WeMeta, Decentraland’s average land price was the highest in February 2022: $37,238. And on August 1, their value had already fallen 37 times: to $5,163. Similarly, everything adds up with the average sale price of virtual real estate in Sandbox: from $35,500 in January to about $2,800 in August. And among the other most significant real estate projects in the Ethereum-based meta-universe, the price has fallen by 85% this month.