THIS MESSAGE (MATERIAL) IS CREATED AND (OR) DISTRIBUTED BY A FOREIGN MASS MEDIA PERFORMING THE FUNCTIONS OF A FOREIGN AGENT AND (OR) A RUSSIAN LEGAL ENTITY PERFORMING THE FUNCTIONS OF A FOREIGN AGENT.
The sales volume of virtual “land plots” in the metaverse for 2021 amounted to about $501 million. Analysts predict that this year they could double, since sales reached $85 million in January 2022 alone, writes the portal 3dnews.
The surge in popularity of virtual reality real estate — that is, “places” on multiple platforms that develop spaces of the metaverse — is due to the announcement of the renaming of Facebook to Meta, which was caused by the company’s desire to focus on creating virtual worlds.
Since the announcement last October, metaverse real estate sales have risen nearly tenfold to $133 million. Market growth has slowed since then, but overall sales for January still exceed January 2021 by more than a factor of 10 times.
Analysts predict that the real estate market in the metaverse will grow by an average of 31% per year between 2022 and 2028. Analysts believe that the purchase of such a product is fraught with high risks, but investors can reap significant benefits if the industry develops. At the same time, skeptics consider such investments useless. While there is a real shortage of real land, since there will be no more of it under any circumstances, virtual plots can be created in an almost infinite number. In this regard, the sale of virtual “land” is called a financial pyramid.
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
