Everyone from individual users to big corporations is talking about the metaverse. The craze of the metaverse is real, so much so that even Facebook rebranded to Meta to be relevant in the space.
At first, the hype around the metaverse seemed limited to playing games and interacting in virtual reality, but the users are doing much more than just playing games in the metaverse. Along with in-game accessories, users are also purchasing virtual land parcels and estates, with $900,000 being the highest price paid for a virtual plot of land.
Even though the prices are increasing over time, so is the interest of individuals, real estate companies and other corporations on the virtual plots. Represented by coordinates in the metaverse, these properties offer various