If you’re keen to know the hottest real estate address these days, the property which everyone from Rihanna to Snoop Dogg to Daler Mehendi have invested in, the property that might give you millions of Dollars of ROI, well then don’t start looking for its address on Google Maps because this place is in a whole new universe. Yes, quite literally- its the Metaverse which is a multidimensional virtual universe that only exists on the internet.
In 2021, Metaverse real estate sales on the major Metaverse platforms reached $501 million and are expected to double to $1 billion in no time. Not surprisingly celebrities are investing millions in the metaverse because the return on investment in virtual real estate is expected to be in another stratosphere.
A few years ago, if we talked about virtual real estate, it would have seemed to be straight out of a Hollywood sci fi film, but today business worth billions of Dollars is taking place in the virtual real estate sector as companies get ready for the next phase of the Internet, Web 3.0. AR, VR, AI, Blockchain, Crypto, NFT and Metaverse are all changing the way we will use the internet going forward.