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Welcome to the future of the real estate. The metaverse offers you the chance to invest in the dream house you’ve always wanted.
Houses start from $104,000 in The Sandbox, a metaverse: one of many virtual worlds filled with digital assets ranging from dresses and sneakers to art and cars. Looking for something more extravagant? A superyacht sold there for $650,000 last year.
Users buy a digital receipt of the property, a non-fungible token (NFT) that is recorded on a shared digital ledger known as a blockchain, similar to how cryptocurrency transactions are logged.
Buying virtual properties is not new. In the early 2000s, platforms such as Second Life and science-fiction game Entropia Universe were the testing ground.
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