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Metaverse Real Estate Sales Expected to Reach $1 Billion This Year – Metaverse
Real estate sales in the Metaverse are expected to reach $1 billion this year, according to a Metaverse analytics firm. The company expects real estate sales on four major Metaverse platforms, which topped $501 million last year, to double this year. Metaverse Real Estate Sales Expected to Reach $1 Billion This Year Real estate sales on Metaverse platforms exceeded half a million dollars last year, according to Metaverse analytics firm Metametric Solutions. The company added that real estate sales on four major Metaverse platforms - Sandbox, Decentraland, Cryptovoxels and Somnium - reached $501 million in 2021. On the four platforms there are a total of...
Metaverse Real Estate Sales Expected to Reach $1 Billion This Year – Metaverse
Real estate sales in the Metaverse are expected to reach $1 billion this year, according to a Metaverse analytics firm. The company expects real estate sales on four major Metaverse platforms, which topped $501 million last year, to double this year.
Metaverse Real Estate Sales Expected to Reach $1 Billion This Year
According to Metaverse analytics firm Metametric Solutions, real estate sales on Metaverse platforms exceeded half a million dollars last year.
The company added that real estate sales on four major Metaverse platforms - Sandbox, Decentraland, Cryptovoxels and Somnium - reached $501 million in 2021. There are a total of 268,645 packages of different sizes on the four platforms.
The analytics firm has predicted that real estate sales in the Metaverse could double this year and reach nearly $1 billion in 2022.
According to a report from Brandessence Market Research, the Metaverse real estate market is expected to grow at a compound annual rate of 31% from 2022 to 2028.
Several people have estimated that the metaverse is a multi-trillion dollar opportunity. Global investment banks Goldman Sachs and Morgan Stanley have predicted that the metaverse could have an opportunity of up to $8 trillion.
Last week Apple CEO Tim Cook said His company sees a lot of potential in the metaverse and is investing accordingly. “This is very interesting for us,” he said.
In December, Bank of America strategist Haim Israel said that the metaverse is a huge opportunity where cryptocurrencies are widely used as currencies. “I definitely think this is a huge, huge opportunity,” he said.
Do you think real estate sales in the Metaverse will exceed $1 billion this year? Let us know in the comments section below.
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