Real-estate transactions in the metaverse are reaching record highs. We spoke with companies investing in digital real estate to understand the economic model, and why investors are spending millions on virtual property. Photo: Republic Realm
More from the Wall Street Journal:
Visit WSJ.com: http://www.wsj.com
Visit the WSJ Video Center: https://wsj.com/video
On Facebook: https://www.facebook.com/pg/wsj/videos/
On Twitter: https://twitter.com/WSJ
On Snapchat: https://on.wsj.com/2ratjSM
#Metaverse #RealEstate #WSJ
More from the Wall Street Journal:
Visit WSJ.com: http://www.wsj.com
Visit the WSJ Video Center: https://wsj.com/video
On Facebook: https://www.facebook.com/pg/wsj/videos/
On Twitter: https://twitter.com/WSJ
On Snapchat: https://on.wsj.com/2ratjSM
#Metaverse #RealEstate #WSJ
-
- 1
Francisco Gimeno - BC Analyst We are all children of our times. Many (mostly non digital natives) will think that acquiring virtual "real estate" is a waste of time and money. Those who are digital natives, like GenZ for instance, used to live in gaming and virtual forums, understand the importance of living inside the Web, and now to position oneself in the Metaverse. True, Metaverse's platforms are few and VR devices not available for everyone or even being good enough, but time will solve these problems. That is why we find these investors, betting in a future which may exist soon or later.