Real estate is the largest asset class in the world and serves an important role in our lives beyond investments. We are now witnessing the growth of a new frontier of real estate through the metaverse. The concept is currently developing as the value proposition isn’t valid yet. This, however, is a fascinating new way to look at human interactions in shared (virtual) spaces.
The Sandbox and Decentraland are the two most popular virtual worlds for metaverse real estate. A few months ago, a parcel of land in Decentraland was purchased for US$2.43 million by The Metaverse Group. If the industry progresses according to the expectations of The Metaverse Group, there will be lots of opportunities for real-estate design professionals.
The process of digital land acquisition and building requires the efforts of technology and design professionals. Additionally, by leveraging real-world experience, architects and interior designers can adapt to the metaverse and start working on related projects.
The industry is growing rapidly since new developments are taking place each day. 1to1 Plans is really excited for the metaverse and look forward to collaborating with professionals working in this new frontier!