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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.

Welcome to the future of the real estate. The metaverse offers you the chance to invest in the dream house you’ve always wanted.

Posted on January 29, 2022January 29, 2022 By Sankalp Mirani
Welcome to the future of the real estate. The metaverse offers you the chance to invest in the dream house you've always wanted.
Pictures; Time

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.

current affairs Tags:Welcome to the future of the real estate

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