• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
metaverse real estate
Nexo

Metaverse Real Estate: Why Are Real Estate Investors Obsessed With Virtual Lands?

Jet Encila by Jet Encila
3 months ago
in Bitcoin, metaverse
0

The “virtual universe,” fueled by bitcoin, is unquestionably the trendiest enticement for investors trying to acquire metaverse real estate.

Virtual worlds are envisioned as locations where anyone may visit and socialize with their friends via a monitor or virtual reality headset.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

While the concept of virtual lands may be novel to many, those familiar with games like The Sims, Farmville, and Clash of Clans find it unsurprising.

Virtual lands are truly digital plots of land that exist in a three-dimensional online area – one that users may log into and experience an immersive world via their online avatars using a monitor or virtual reality headset.

Individuals and larger organizations have recently offered millions of dollars for a piece of property, $2.4 million to be exact.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Total crypto market cap at $1.746 trillion in the daily chart | Source: TradingView.com

Related Article | Manchester City Kicks Off Construction Of The First Stadium In The Metaverse

Millions of dollars are invested in virtual territories by investors who believe the future is digital.

These companies anticipate that millions of people will flock to virtual properties and invest in virtual land for sale with the expectation of a potential return on investment.

This strategy is quite similar to real estate investments in the real world, in which investors acquire land in emerging areas with the intention of reselling it later at a profit.

Metaverse Real Estate Doesn’t Come Cheap

Real estate in the virtual realm is an expensive business, much like it is in the real world, where prices are determined by location, population, demand-supply ratio and other factors.

When demand for a plot in the metaverse in a particular area increases, prices automatically go up.

According to a survey published by crypto asset manager Grayscale, digital asset inventories are on track to surpass $1 trillion.

Investors desire to accumulate virtual land in the same way they do equities and traditional real estate.

Axie Infinity (AXS), The Sandbox (SAND), Decentraland (MANA) and Enjin (ENJ) are just a handful of the major metaverse initiatives that have attracted real estate .

Millions Of Dollars Poured Into Virtual Lands

Virtual land has a comparable value proposition to actual estate. High-value properties are frequently located near businesses and activities, which attract renters.

Metaverse Group, an NFT-based real estate corporation, committed $2.43 million in November 2021 to enter the digital fashion market.

Microsoft invested $68.7 billion in Activision Blizzard early this year, one of the top gaming companies in the world, as part of a push for its metaverse real estate program.

Apple Inc, too, is getting involved, with Chief Executive Officer Tim Cook saying that the trillion-dollar company sees “significant opportunity in this market and is investing accordingly.”

Related Article | Meta CEO Dives Deep Into The Metaverse With AI Language Translator – Will It Attract People?

Featured image from CNBC, chart from TradingView.com
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Jet Encila

Jet Encila

Freelance writing is Jet's other cup of tea. When not on his computer, he unwinds with a cold bottle of beer and laughs with his son over cartoons. Other than that, he's just like everybody else who wants to be happy with their life.

Related Posts

Texas, a huge boot in front of a store

Bitcoin & Energy Merge In Texas: 3 Giant Companies Announce New Mining Facility

8 hours ago
El salvador

44 Countries Set To Meet El Salvador To Discuss Bitcoin, Here’s What We Know

15 hours ago
Crypto Corner: The Sports Slice

Crypto Corner: The Sports Slice

23 hours ago
Goldman

Goldman Sachs And Barclays’ Investment In Elwood Tech A Major Triumph For Crypto Adoption

1 day ago
Avatars

Avatars For Ukraine – Top Video Game Artists, Celebs Create Poignant NFT Artworks

1 day ago
Crypto & Gaming: A Look At NRG’s Insights Report

Crypto & Gaming: A Look At NRG’s Insights Report

1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.