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Metaverse Real Estate Sales Anticipated To Touch One Billion USD This Year

Real estate sales in the metaverse are anticipated to touch the value of a billion dollars this year, as per a metaverse analytics firm. The company anticipates real estate sales on 4 major metaverse platforms, which crossed past 501 million USD last year, to double in 2022.

As per metaverse analytics firm Metametric Solutions, real estate sales on metaverse platforms crossed past half a million dollars last year.

The firm added that real estate sales on 4 key metaverse platforms, which include Sandbox, Somnium, Decentraland, and Cryptovoxels, crossed past five hundred million dollars, last year. The four platforms have a total of 268,645 parcels of different sizes on them.

The analytics firm has projected that real estate sales in the metaverse might double this year, reaching around a billion dollars, this year.

The metaverse real estate market is anticipated to grow at a compound annual rate of thirty one percent from 2022 to 2028, as per a report from Brandessence Market Research.

In the month of December, Bank of America’s strategist, Haim Israel, mentioned that the metaverse is a very big opportunity where digital assets will be widely used as currencies.

“I definitely believe this is a massive, massive opportunity,”

he concluded.

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