![]() ![]() It is essentially remote real estate investing, an alternative to the traditional approach where you would physically go to showings. There are no guarantees that you'll earn a profit from your investment. Virtual real estate investing means using real estate investment software to do property research and investment property analysis, and ultimately, buy investment property. Given the unpredictable nature of the metaverse and cryptocurrency, financial advisors recommend only investing as much money as you're prepared to lose. How To Buy Land & Real Estate In The Metaverse Adobe Stock Metaverse real estate (or should that be virtual estate) is already big business. That's down about 61% from a peak average sale price of $37,238.68 in November 2021, according to the site. However, the virtual housing bubble may have popped.Īs of August 7, the average sale price for a piece of virtual property on metaverse platform Decentraland was $14,385.27, according to WeMeta. Republic Realm, an investment firm that owns and develops virtual real estate, dropped a massive $4.3 million on a digital property located within The Sandbox, one of the largest metaverse platforms, according to the Wall Street Journal.Ī virtual plot next to Snoop Dogg's digital mansion within The Sandbox was purchased for $450,000 by an NFT collector who goes by the name "P-Ape" in 2021. In some cases, virtual real estate went for as much as a physical house. ![]() Combined sales on four major platforms reached $501 million in 2021, according to MetaMetric Solutions. Last year, metaverse platforms experienced a virtual land rush as users collectively spent millions on digital real estate. ![]()
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