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This week Polygonal Mind, the team behind VIPE, CryptoAvatars, and countless other virtual experiences, announced they were closing up shop because of tough market conditions.
It’s a sad development, as the Polygonal team have been true metaverse champions, but not necessarily surprising considering how the metaverse sector has been among the hardest hit in crypto’s post-2021 bear market.
Of course, there’s the macro factor. The general slowdown around NFTs in recent years has affected all sectors, like art, collectibles, games, and beyond.
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