Op-Ed: Virtual real estate is booming: Benefits of buying properties in the metaverse

Op-Ed: Virtual real estate is booming: Benefits of buying properties in the metaverse
HeadlinesNewsOp-Ed: Virtual real estate is booming: Benefits of buying properties in the metaverse

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Op-Ed: Virtual real estate is booming: Benefits of buying properties in the metaverse

CryptoSlatea month ago
Published on May 29, 2022 08:00 GMT+00:00edited on May 30, 2022 15:14 GMT+00:00

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The metaverse is a booming industry, with artists, musicians, and numerous companies from different industries eager to jump on the bandwagon. That said, who would have imagined back then that investment giants, fashion brands, tech corporations, and the everyday user would be using digital assets to buy virtual properties on blockchain-based metaverse?

Some of them have already jumped in: from Meta, Microsoft, and other IT giants, to fashion brands like Gucci, and even multinationals like Adidas and Pepsico are setting up shops in the metaverse by buying or leasing properties.

New Opportunities for Real Estate Agencies

Metaverse real-estate agents and companies buy land plots on blockchain-based ecosystems such as Sandbox and Decentraland and lease them to other companies or individuals …