METAVERSE REAL ESTATE TO GROW BY MORE THAN $5B
The metaverse is an expanding market of virtual worlds that offer immersive experiences where people can work, play, and buy things, and it's already worth a whopping $1.4 billion.
Just like in real life, the virtual real estate market is also governed by supply and demand, and prices fluctuate accordingly.
As more homes are being built on virtual land, some buyers are willing to pay heavy amounts for prime virtual locations.
The New York Times predicts that the metaverse real estate market will grow to a staggering $5.37 billion by 2026.
