Digital Real Estate – Worth Investing in the Metaverse?

Since Mark Zuckerberg rebranded Facebook’s parent company as Meta, just about everyone wants a piece of the metaverse. Real estate is a crucial feature of the metaverse. 

In this place, virtual reality rules the roost, and digital avatars take the place of humans. According to venture capitalist Matthew Ball, individuals and companies are lining up to stake their land claims in this virtual world many consider the latest computing wave. 

The metaverse is designed to closely mirror reality, with features like games and space exploration added for good measure. 

For example, open a barbershop. Sell virtual groceries. Spend time with your digital friends or make new ones. It’s all possible in the metaverse. 

These concepts could easily spill over into real estate, which is already very much integrated into the metaverse. 

On the one hand, owning real estate in the metaverse is a status symbol, like having an NFT as your profile picture on social media. But there’s more to it than that. Owning digital property allows participants to develop the land for fun or monetize assets.