The Risks And Rewards Of The Metaverse Real Estate Boom

There’s a land rush happening — and it’s not in New York City or Beverly Hills.

Early speculators, professional real estate agents, and celebrities are buying up land that doesn’t even exist in the real world. They are investing in metaverse real estate, a concept mind-boggling to most people.

So, what exactly is the metaverse? Technologists say the metaverse is the next level of the internet. It’s a virtual reality platform where people can play games, connect with friends, attend meetings, and even go to virtual concerts. Ever since Facebook announced it would change its name to Meta and focus on building its own digital world, interest in metaverse real estate 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 much does it cost virtual land buyers?

Watch the video above to learn more about the risks and rewards of investing in metaverse real estate.

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The Risks And Rewards Of The Metaverse Real Estate Boom

[ooogyman]

So metaverse land is "scarce" and yet is currently being replicated over multiple platforms? Why should one platform being considered superior over the others?

[JimmyJim]

Buying digital real estate is the closest most millennials and younger will ever come to owning a home

[Jimmy-phxn]

They say when wealthy people start investing in high risk, borderline ludicrous ventures that the economic bubble is going to burst.

[ooogyman]

So instead of maximizing one major asset of digital life, non-scarcity, we are exporting the very problem in the real world, scarcity, that people are trying to escape in the first place?

[abhishekkulkarni]

CNBC after 10 years :- Why homelessness is rising in metaverse as virtual real estate prices soar.

[kiranshivanna]

I will happily own a "Real" Real estate and sleep peacefully than owning in a Metaverse and sleep on a road in real life.

[Tenchinu]

always happy to see impatient people, that do not have a clue how something actually works, get into get-rich-quick schemes, lose all their money, then blame anyone else but themselves

[laurensmith]

I don’t think most people are actually interested in this or want to hang out in the metaverse. The main lure is the narrative that this will be the next money maker…seems like a bubble to me but only time will tell.

[archiemcdougald]

REAL ESTATE I know, metaverse estate I don't. Everything is getting worse and the only thing people are thinking of are ridiculous ways to make people part ways with their money. Besides crypto, I don't think there's any non tangible investment worth going into. NFT's, this, what's next?

[mrIpodmagic]

As someone who works in tech, i would not purchase virtual “real estate”. You know they can just expand “land” & we don’t even know what platforms are staying for the long run.

[nothisispatrick]

You could have a REAL luxury house or a digital backyard, choose wisely...

[Villoth]

There is a reason it's called "REAL" estate

[walli]

Remember the time when you could play a complete game for 60 bucks?

[LERJizz]

Billionaires wasting millions and average people wasting thousands of dollars in virtual (not real / abstract) real state yet they refuse to help homeless or anyone struggling paycheck to paycheck…
That’s the world we live in now… when people don’t like reality, they look the other way… well, I guess now they look at “metaverse” 🙄

[myownboss]

As an older guy, none of this impresses me. The extent of my investing has been buying and keeping stocks in real companies over the years such as Amazon, Apple, and Google, some of which I recently sold to pay off my REAL real estate (my house)!!!! And still have enough to pay for daughter’s college…. I always say digital is a two way street, and you know there is some kid in their basement in Ukraine or North Korea thinking of ways to take all this stuff down…. I stop short of calling new anything ‘stupid’ (like my mom called Nirvana when she first heard me playing their then new album in 1991); just be very very careful and please make sure you have real life investments and savings in order and only use money you can afford to

[i_amboy]

The greatest scam of all. You expect that in future people dont need to go out anymore and just go online.

[ManOfSteel]

facebook stock is the indicator of metaverse bubble ready to pop

[FinancialShinanigan]

crazy world where people's online avatars live better lives than their own.

[elizabethrichard]

I'm always elated whenever I'm in the comments,
cause that's where I met the people who changed
my life. Came here to know more about houses and ended buying one in a space of six months.

[skymaster]

Imagine telling you're parents that you have finally become financially independent and are ready to move out. Wait you can't... Cause it doesn't exist.