For many homeowners, the Covid-19 pandemic forced a change in perspective on where they wanted to live. Why stay in a cramped apartment in the smoggy city when you can Zoom into your meetings from a country farmhouse or Edwardian manor or Martello tower?
We’re in the beginning stages of an innovative revolution. The metaverse is the Web3 next wave, changing the way we’ll socialize, work, play video games and interact.
With land in virtual worlds like Decentraland getting bought up, fashion brands are rethinking their approach to setting up shop in the metaverse.
"Within 24 months, every single large corporation is going to need a presence in the #metaverse in the same way they need a website."
It’s no secret the real estate market is skyrocketing, but the Covid pandemic is creating another little-known land rush. Indeed, some investors are paying millions for plots of land — not in New York or Beverly Hills. In fact, the plots do not physically exist here on Earth.
Metaverse Group will invest up to $1 million in SuperWorld, where users can buy virtual versions of global landmarks. An initial investment of $250,000 will be used to buy land plots on the platform that's digitally mapped the Earth's surface.
CNBC’s Andrea Day joins Shep Smith to report that some investors are paying millions of dollars for plots of land that don’t exist in the real world, but the do in the metaverse.
This past year saw the emergence of many novel and perplexing investing trends, such as the Reddit-driven frenzy around meme stocks and the explosion in non-fungible tokens (NFTs). The latest is no less confounding to those on the outside: real estate in the metaverse.
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.
Sign up to get Realbotix updates sent to your email.