Why Investors Are Spending Millions On Digital Real Estate

Someone recently paid $450,000 to be Snoop Dogg’s neighbor in the increasingly popular virtual world called the Sandbox.  

The world of virtual reality is exploding, and digital real estate investors are quickly snatching up the virtual real estate market in hopes of capitalizing on it in the future. 

Digital real estate is one of the newest digital asset you can own and monetize. Digital real estate assets are acquired on places like Decentraland, Cryptovoxel, and Sandbox platforms. 

In addition, investors are snatching up metaverse real estate more recently, boosting this multi-million dollar industry. 

Not long ago, PricewaterhouseCoopers Hong Kong purchased land on the Sandbox platform, making itself the initial member firm to purchase digital land. 

Buying and selling digital land or even more extensive estates on metaverse platforms like Decentraland has been particularly popular. 

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