Is Buying Real Estate in the Metaverse a Smart Investment?
With the rise of interest in cryptocurrencies, non-fungible tokens (NFTs), and the metaverse, it was almost inevitable that investors would start to wonder if they should be getting a piece of this action. Virtual real estate, after all, is a new and untapped type of property that has never existed before. Getting in today could be like getting in on an early American land rush (excepting that metaverse real estate is ACTUALLY unpopulated) -- the first to the newly staked-out properties are the ones who are set to make the most money.
However, since metaverse real estate isn't real in any sense of the word (even the NFTs that are used to prove ownership are virtual), can it really hold value for the long term? Jumping into virtual real estate is a huge leap of faith, in both the platforms you choose and in the concept of the metaverse as a whole.
If you're reading this article, the odds are good you at least have some basic understanding of the metaverse, but just in case you don't, here's a super-simple explanation of what the metaverse is: The metaverse is a collection of multi-user platforms that allow users to interact in real time. Often, they have local economies, allowing for buying, selling, and trading of in-platform objects or mining of cryptocoins.
Source Fool.com
