According to metaverse analytics firm Metametric Solutions, real estate sales on metaverse platforms exceeded half a million dollars last year. Company; He added that real estate sales across the four major metaverse platforms – Sandbox, Decentraland, Cryptovoxels and Somnium – had reached $501 million in 2021. There are a total of 268,645 parcels of different sizes on four platforms.
The analytics firm estimates that sales of real estate on the metaverse base could double this year, reaching nearly $1 billion in 2022. According to a report by Brandessence Market Research, the metaverse real estate market is expected to grow at a compound annual rate of 31% from 2022 to 2028.
Metaverse real estate sales may exceed $1 billion
Metaverse offers the opportunity to make the virtual world a more social environment. It is said that all the actions that can be done in real life can also be done in the virtual world. In a decade or so, if the Metaverse can be realized, it’s likely to be very different from what the developers now think.
A few investors estimate that the metaverse is a multitrillion-dollar opportunity. Global investment banks Goldman Sachs and Morgan Stanley estimate that the metaverse could be as big as an $8 trillion opportunity.
Last week, Apple CEO Tim Cook said his company sees a lot of potential in the metaverse and is investing accordingly. “It’s very interesting for Apple’s innovative world, so we started doing our research.” said.
Also, previously Bank of America strategist Haim Israel reminded that the metaverse presents a great opportunity for the widespread use of cryptocurrencies. “I definitely believe that the metaverse is a huge opportunity for cryptocurrencies.” he stated.
But do you think the metaverse will become as big a platform as it is thought? You can share your thoughts in the comments section or on the SDN Forum.
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