Home » Finance » Investment opportunities in the Metaverse are taking off

Investment opportunities in the Metaverse are taking off

According to the Chief Executive of NFT Technologies, the virtual property is his main investment priority.

As per a Fortune study, a ‘land grab’ is happening right now and it appears to have no end in sight. This has produced a type of virtual real estate bubble with the most accessible Metaverse plots costing $13.000 USD.

The virtual land developer – Republic Realm, spent a stunning $4.3 million in November 2021. The purchase was made for a Metaverse property from the Atari Corporation. The WSJ reports that the transaction is registered as the largest publicised metaverse property sale to date.

A week earlier, a parcel in the alternative decentralised land distributor witnessed a parcel purchased for nearly 2.5$ million.

These transactions highlight the rising demand for digital real estate and Metaverse land, which will be the 3D online realm of mutually connected virtual worlds, where users would have their twin copies capable of interaction, working, shopping and playing video games.

A renowned authority on digital currency investing and cryptocurrency asset management, Greyscale Investments LLC, stated at the end of last year that the metaverse has the potential to become a trillion-dollar industry in yearly income through digital events, advertising, e-commerce, trading and earning virtual currencies. With Facebook’s announcement for a complete makeover late last year and changing its name to Meta, it might be argued that the controversial creator Mark Zuckerberg prompted a sudden increase in interest.

Throughout the 2021 Defi Live London event, successful entrepreneurs with several NFT ventures were informing crypto fans that investments in physical property might be outdated and compared the returns of metaverse land.

Metaverse property, like conventional real estate, is more expensive based on location, which is logical and the CEO of tokens.com, Andrew Kiguel confirms. He comments that a piece of property near the urban centre, which receives a high volume of tourist traffic, is more valuable than a parcel of land in the suburbs, which is the value for scarcity.

Photo by Mahdis Mousavi

About the author, Deyvid Stoyanov

Deyvid developed his passion for technology, innovation, blockchain and decentralization throughout his bachelor and masters degree studies in Bulgaria and Italy. With several years of experience in the private sector, he is currently part of the FinTech Legal Center Tallinn-based team and remains immersed in the transformation of the financial and banking sector, the adoption of blockchain and cryptographic technologies as well as their interrelationship with state supervisory authorities and the European regulatory structure.

Leave a Reply

Your email address will not be published.

About Estonian Crypto Licenses

Estonian Crypto Licenses is a trading name of TechIuris OÜ, a company based in Tallinn, Estonia and specialised in legal and compliance solutions for European FinTech companies. We are a fully licensed company, and EVEA and e-Residency marketplace members. Here on our blog, we share the latest news on topics such as NFTs, cryptocurrencies, blockchain and much more.

Have a question or need any of our services?

Related posts