Virtual vs Real-Estate: The US Housing Slowdown vs the Metaverse

Rising interest rates by the Federal Reserve has people concerned of a potential slow-down in the housing market (worse-case scenario, a recession, or even a depression).

How would this affect crypto - and metaverse assets in particular? A closer and updated look at what's been going on in virtual vs. real-estate, especially in China (still down by 60%+).