Metaverse Real Estate

metaverse real estate

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 in its infancy and the value proposition is yet to be validated but it 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, a real estate corporation focused on the metaverse economy. If the industry progresses according to the expectations of organizations like The Metaverse Group, there will be a lot of opportunities for real estate design professionals.

The process of digital land acquisition and building requires the efforts of technology and design professionals. By leveraging their experience from the real world, architects and interior designers can easily adapt to the metaverse and start working on related projects. 

Some new architectural firms are so excited about the concept, like Decentraland Architects & Voxel Architects, they are solely focusing on metaverse real estate projects.  

The industry is growing rapidly with new developments taking place each day. We at 1to1 Plans are really excited for the metaverse and we are also looking forward to collaborating with professionals working in this new frontier!

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