Will Metaverse Real Estate Be The Future ?

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Will the future of real estate lie within the metaverse ? With everything going digital including currency, art, and social interactions it was only a matter of time before real estate went digital too! Talking about two specific metaverses, Sandbox and decentraland, and how they relate to virtual real estate. Running off the ETH blockchain each item is specifically marked so that there is only one owner of the item and that its unique to itself which creates value.
Starting with Sandbox, we have a metaverse with 166,464 parcels of land available to purchase. Once you purchase land you're free to do as you please. The main focus on Sandbox is creating NFTs, buying land to develop, and creating games for other users. The marketplace on Sandbox takes a specific token called SAND. The lowest price I saw for land was $9500 but the highest piece, just broke Decentralands record, costing a whopping $4,300,000.
Moving to Decentraland we have what most would consider to be the closest to VR that we can currently do. Much like Sandbox, Decentraland has an exact amount of total parcels ever being 90,601. In Decentraland you can buy individual parcels or you can buy multiples that create a district. In districts you will find common themes like gaming, shopping, or even gambling! The lowest price of land that I had saw last was $12,000 but the highest sold for $2,400,000.
So will the metaverse be the next big thing ? I guess only time will tell! They're projecting a 1 trillion dollar market cap by the end of 2022 so lets see if theyre right!
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[@QANashvilleRealEstate]

Do you believe the future is the metaverse ? Drop a comment below! Id love to hear your opinions!

[@Wew42]

Nope.

[@QANashvilleRealEstate]

Hard for me to see things going digital like that but with everything happening it seems it might not be so far away! Guess we will have to wait and see