Metaverse Real Estate Sales Expected to Reach $1 Billion This Year

Real property income successful the metaverse are expected to scope a cardinal dollars this year, according to a metaverse analytics firm. The institution expects existent property income connected 4 large metaverse platforms, which surpassed $501 cardinal past year, to treble this year.

$1 Billion Metaverse Real Estate Sales Expected This Year

Real property income connected metaverse platforms surpassed fractional a cardinal dollars past year, according to metaverse analytics steadfast Metametric Solutions.

The institution added that existent property income connected 4 large metaverse platforms — Sandbox, Decentraland, Cryptovoxels, and Somnium — reached $501 cardinal successful 2021. The 4 platforms person a full of 268,645 parcels of varying sizes connected them.

The analytics institution has projected that existent property income successful the metaverse could treble this year, reaching astir $1 cardinal successful 2022.

The metaverse existent property marketplace is expected to turn astatine a compound yearly complaint of 31% from 2022 to 2028, according to a study from Brandessence Market Research.

Several radical person estimated the metaverse to beryllium a multitrillion-dollar opportunity. Global concern banks Goldman Sachs and Morgan Stanley person predicted that the metaverse could beryllium arsenic large arsenic an $8 trillion opportunity.

Last week, Apple CEO Tim Cook said his institution sees a batch of imaginable successful the metaverse and is investing accordingly. “It’s precise absorbing to us,” helium said.

In December, Bank of America’s strategist, Haim Israel, said the metaverse is simply a monolithic accidental wherever cryptocurrencies volition beryllium wide utilized arsenic currencies. “I decidedly judge this is simply a massive, monolithic opportunity,” helium opined.

Do you deliberation existent property income successful the metaverse volition apical $1 cardinal this year? Let america cognize successful the comments conception below.

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