Buying property in the Metaverse is as real as it gets

real,property,buying,real,metaverse
UAE
  • Date: 17-Jan-2022
  • Source: Gulf News
  • Sector: Real Estate
  • Country: UAE
  • Who else needs to know?

Buying property in the Metaverse is as real as it gets

Shopping used to be a straightforward - yet tedious – process. You go to a shop, select the items you want, pay at the cash counter, and then go home. The internet and digital connectivity have shortened that entire process to the click - or a few taps on the screen so that you can buy anything you want without even getting off the couch. But that’s just the first step in a digital metamorphosis. After all, why stop at physical products when you can buy digital assets too? The metaverse is an idea that has been around for decades and taken on new life now when the world is smaller than ever. With the rise of cryptocurrency and, more recently, NFTs, the present-day marketplace offers a mix of real and virtual products that can be purchased using real and virtual money. The next frontier in the metaverse? Virtual real estate, formerly relegated to the fantasy realm of video games, is now proving to be an incredible reality across the world. There are several different factors at play here that I think can come together perfectly. Real estate activity across key areas of the world is following an upward curve,

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