The valuations on these projects are absolutely insane right now, and I think that a lot of them are going to take a massive hit once the music ends.
There are a few good projects that are around though, including Decentraland, which I have firm belief in. But other than that, P2E metaverse games are honestly a waste of time and energy and not worth participating or investing in.
majority of these projects are indeed no market value and once the hype is over it was expected they lose popularity and be wasted. Although we can say that some have good market intentions and give benefit to the people, however, we can set aside the possibility that they will just then vanish in the thin air once there is another set of projects arrives.
That is why I was very skeptical upon choosing new projects and especially when it was manipulated by social media influencers like it happen to metaverse projects.