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TO BE IN VIRTUAL REALITY OR NOT TO BE
Sat, 5 Feb 2022
February 11, 2015
0 comments Market Comment
To Be In Virtual Reality or Not To Be…..
If the price of real estate in Sydney doesn’t send you into a tailspin at the moment, standby to be mind-blown. Investors are now spreading their wings and flying hard and fast into the Metaverse to purchase property you can’t even park your Tesla in.
Virtual real estate is booming, with sales in the US topping $US500 million ($AUD 700 million) last year and predicted to double again in 2022.
Within a few years, the market size of the metaverse could be valued in the trillions, according to investment banks like Morgan Stanley.
But as the hype goes into overdrive, some are warning that virtual land is just another pyramid scheme, driven by baseless speculation, and when it fails many will lose their money.
So, what is virtual land, what are the risks for potential buyers, and who's actually buying it?
Visit this link to find out more of what does or doesn’t lurk beyond click here
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TO BE IN VIRTUAL REALITY OR NOT TO BE
Sat, 5 Feb 20220 comments
Market Comment
If the price of real estate in Sydney doesn’t send you into a tailspin at the moment, standby to be mind-blown. Investors are now spreading their wings and flying hard and fast into the Metaverse to purchase property you can’t even park your Tesla in.
Virtual real estate is booming, with sales in the US topping $US500 million ($AUD 700 million) last year and predicted to double again in 2022.
Within a few years, the market size of the metaverse could be valued in the trillions, according to investment banks like Morgan Stanley.
But as the hype goes into overdrive, some are warning that virtual land is just another pyramid scheme, driven by baseless speculation, and when it fails many will lose their money.
So, what is virtual land, what are the risks for potential buyers, and who's actually buying it?
Visit this link to find out more of what does or doesn’t lurk beyond click here