Digital plots in virtual worlds, such as Decentraland and The Sandbox, are selling for hundreds of thousands and even millions of dollars
Investments in virtual land within the metaverse will continue to boom, according to Simon Reid, COO and co-founder of Evai.io
Metaverse real estate and real-world real estate operate on many of the same economic principles, with first mover advantage and location being key in the metaverse era
To many, the metaverse is filled with ample opportunities, with the virtual equivalent of short-term rentals to buy-and-hold property investment and even commercial leasing being available to all
Owners can rent out their virtual properties in certain metaverses or build on their land to help develop the metaverse and generate income through virtual enterprise
Professional services giant PwC is among the latest to dive in, having purchased real estate in The Sandbox for an undisclosed amount
The metaverse seems to be more than just a passing trend and Reid believes that buyers who purchase land in the early days will be getting more value for money and a greater share
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