Investor Mark Cuban said buying metaverse land is "the dumbest shit ever." Virtual real estate exploded in popularity last year, with companies like Sandbox selling property. But the metaverse is nowhere close to materializing, and interest in it appears to be waning.
The NFT market dates all the way back to 2014. It was here that some of the first prices of digital art were sold to eager investors. Since then, the demand for NFTs has grown substantially year on year, and in 2021 the NFT markets exploded in popularity.
By 2026, it is anticipated that the metaverse real estate market will reach $5 billion. The most recent metaverse analysis from international market research company Technavio makes this prediction.
The Triangle’s real estate market could get even more expensive after Monday’s announcement that Facebook’s parent company Meta is planning to open an office in Durham.
Angelica Saldaña is a full-time crypto investor who owns greater than 20 digital properties. Considered one of her investments is now price 15 instances what she initially paid. That is her story, as informed to reporter Jenna Gyimesi.
Metaverse real estate is growing at a fast pace, both in interest and prices, and has been one of the top-grossing sectors in the NFT space in 2021 and in the past couple of months.