Real Estate in the Metaverse

As featured in the Foundation for International Blockchain and Real Estate 2022 Industry Report Download yours here

Author: Gordon Christian, Digital Playhouse Agnes Water

FIBREE Regional Chair, Queensland, Australia

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While blockchain has enabled tokenization of real estate assets in the real world it is also transforming the ownership of land in the Metaverse. This article is an exploratory journey into the transformation metaverse can bring to the existing world as most of us know it today. Fasten your seatbelts!

So how big is the current market for Real Estate in the Metaverse?

According to MetaMetric SolutionsIn metaverse land sales topped $501 million in 2021. By the end of 2022 this is expected to hit $1 billion.

BrandEssence Market Research says expected growth compounded annually from 2022 - 2028 sits at 38%. Forbes states both Goldman and Sachs and Morgan Stanley have separately called the metaverse an $8 trillion opportunity.

What are the highest land sales to date?

Single virtual property acquisitions are now in the millions with Bitcoinist reporting that Curzio