Metaverse, DeFi, the Future of Finance, Coins Hit Hard by Crypto Crash

Cryptocurrencies linked to projects dedicated to the metaverse have been hit hard in the current crypto crash that has wiped out more than $1.2 trillion in the digital currency market since November.

It also has been a rout for native coins linked to decentralized finance (DeFi) projects, which are supposed to be the future of financial services. Most DeFi projects want to eliminate the middlemen.

The prices of Decentraland and The Sandbox, two platforms that are leading the push to make virtual land a hot commodity, have collapsed since their November highs.