The dangers and rewards of investing within the metaverse actual property increase

There is a land rush taking place — and it isn’t in New York Metropolis or Beverly Hills.

Early speculators, skilled actual property brokers, and celebrities are shopping for up land that does not even exist in the true world. They’re investing in metaverse actual property, an idea mind-boggling to most individuals.

So, what precisely is the metaverse? Technologists say the metaverse is the subsequent degree of the web. It is a digital actuality platform the place folks can play video games, join with pals, attend conferences, and even go to digital live shows. Ever since Fb introduced it might change its identify to Meta and concentrate on constructing its personal digital world, curiosity in metaverse actual property skyrocketed.

In fact, real estate sales in the metaverse surpassed $500 million in 2021 and could double in 2022, according to data from MetaMetrics Solutions.

How a lot does it value digital land patrons?

The typical actual property parcel in The Sandbox metaverse platform was value $2,620 in mid-October, in keeping with nonfungible.com. A month later, after Fb’s announcement, that worth skyrocketed to $11,042.

Watch the video above to study extra in regards to the dangers and rewards of investing in metaverse actual property.