JNUite, reader, explorer and writer with economics backgroun
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Crypto Space • 810 • 10
Can metaverse island beat the property investment
Metaverse has no wonder caught the fancy of property investors, fancy real-estate buyers, and other tech-lovers of the current generation. The sale of metaverse properties crossed $500 million in 2021, and the figures are counting in 2022.
As of now, metaverse property buyers are focussing on Somnium, Cryptovoxels, Decentraland, and Sandbox, but new platforms are mushrooming. So, the question is, will the metaverse island bubble crash real property investment?
Well, both have their own set of customers. It’s all about preferences and affordability. One of the stories is – that you gain higher ROI by investing in virtual islands. Also, you accumulate more virtual assets for yourself and your next gen. So you get to invest in land, buy properties, and host conferences, meetings, and shows by connecting online.
On the flip side, for those who love human connection, the serene nature and want to experience the reality of dwelling in a dream property in a natural locale, the real-life property takes the upper seat.
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