The "metaverse" rally, which started with Facebook changing its name to Meta in the second half of 2021, made many investors rich while many others lost.

Investors who bought at peak prices, thinking that the rally would continue, were shocked by the bear market in 2022. At the end of the bull of 2021, the most talked about projects were web3 projects and metaverse projects. So, has development stopped on web3 and metaverse projects? What are popular projects doing in a bear market?

Will Wright – The Sims

Will Wright – The Sims

The Sims creator, Will Wright, announced that he has raised $6 million to develop a blockchain-powered simulation game.

The Sandbox

Sandbox-1

The Sandbox launched Alpha Season 3 this week. During the new test period, which will last 10 weeks, there will be many collaborations with big brands and NFT collections. In Season 2, 325,000 players participated. In Season 3, this is targeted to reach 500,000. Sandbox founder, who shared his first impressions after the launch, said that user quality has increased and new users are more willing to participate and build something rather than being curious. The Sandbox's native token SAND is currently priced at $1.04 with a 24-hour trading volume of $205,530,243.

Decentraland

decentraland 2

Decentraland launched its new "metaverse art week" event on August 24. The event will host many popular projects. Decentraland native token MANA currently has a price of $0.83 and a 24-hour trading volume of $110,990,105.

Autograph

autograph

NFL champion Tom Brady's web3 brand Autograph will launch a new premium NFT product. The product, called Signature Experiences, will be limited edition and its owners will offer some special benefits.

Jadu AVA

jadu ava

Augmented Reality (AR) platform Jadu will soon release an NFT-based game. On Wednesday, 3D robot avatars called AVA were introduced. It was stated that these robot avatars were designed by Michael Bay, the director of Transformers.