The Australian Open is taking a swing at the metaverse with a pair of blockchain-related announcements on Thursday, becoming the first Grand Slam tennis tournament to do so.
Some might argue that 2022 is the year of the metaverse, and specifically, metaverse real estate.
Boom expected in ‘picks and shovels’ underpinning technologies such as headsets, sensors and chips.
Real-estate transactions in the metaverse are reaching record highs. We spoke with companies investing in digital real estate to understand the economic model, and why investors are spending millions on virtual property.
The pandemic has shifted multiple industries in unique directions, although some likely didn't expect a virtual shift when it came to real estate.
There’s a land rush happening in virtual spaces, where developers are grabbing up real estate to build immersive, digital shopping districts they’re pitching as the future of e-commerce.
Brokerage founder Thomas Peterffy says its prudent to have some crypto, while Ray Dalio views it as alternative to cash.
Gamers have traded pixelated property and other digital assets for years. Now the activity has been turbocharged by the growth of unique digital artefacts known as non-fungible tokens (nfts), and by the hype around the metaverse—a emerging virtual market which could, depending on whom you ask, ultimately generate revenues of between $1trn and $30trn.
“I feel very, very confident about this,” Kiguel told USA TODAY. “I think we’re going to see a quick appreciation and monetize renting that land and space very soon.”
Andrew Kiguel, Tokens.com co-founder and CEO, joins ‘Crypto Night in America’ to discuss investing in the metaverse real estate.
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