Real estate investment is one of the most lucrative investment options in the modern world. However, people are not unaware of its bubble nature and how, despite the low risk, the investment can incur heavy losses. The 2008 market crash was a result of a failing real estate market. The problem of monopolization is also severe in the market. With prices skyrocketing at an alarming rate, only the top guns can enter the market. The average person will find it financially unfeasible to play a long-time investor in the real estate sector.
Like everything else, the metaverse is set to change the way we think about things. One of the most recent successful phenomenon in the metaverse is buying and selling of lands. These are not plots of physical land. Instead, they are virtual plots on the metaverse. For example, people can buy a plot of land in Sandbox metaverse or Decentraland metaverse. The post-purchase steps are pretty similar to physical real estate. Buyers can either construct their own property on the land or sell it to someone else. People can start their own virtual businesses on their plot, and create new things with either the metaverse’s native token or NFTs.
The recent surge in popularity of this new mode of real estate investment is also indicative of the fragile and bleak nature of the present market. Market bulls have held a monopoly over the real estate market that has sparked a revolution among the common people to not buy physical property. Instead, they are channeling their money to the metaverse, where they get complete control over their virtual properties.