What is the Metaverse Real Estate
What is the Metaverse Real Estate
The potential of the metaverse and the rapid growth it has registered so far has attracted both investors and developers. Metaverse real estate lots are now saleable and appreciate in value, just like physical real estate in the real world.
The metaverse real estate consists of virtual lots and buildings located in the metaverse. The metaverse is, therefore, still largely a visual experience, but an experience that is increasingly manipulable through a constellation of inputs ranging from controllers to gaze tracking, hand tracking, and even artificial intelligence and machine learning.
Virtual real estate in the metaverse can serve commercial functions akin to what actual physical real estate does. For instance, they can be used as virtual workspaces, meeting rooms, collaboration spaces, or as concert venues. They can even be rented out and used as advertising spaces.
Some of the better-known metaverse platforms include Horizon Worlds, Decentraland, The Sandbox, Celebrity Atlas, and many others. These are some of the better-known virtual platforms for prime metaverse real estate.
Want to learn more about the metaverse real estate marketplace, such as how to purchase metaverse real estate and how to develop and manage metaverse real estate marketplace?