Go Home TV cohosts Dawn and Nicole start to explore the evolving virtual world of the metaverse in their new avatars.
Join them here as they explore, and we learn together, about real estate in the metaverse.
Many experts look at the metaverse as a 3D model of the internet. If you've ever put on a virtual reality headset to spend time in digital life, you've visited the metaverse.
Dawn sums it up as "it's all advertising, to sell real world products."
Now, you can buy property in Decentraland or The Sandbox. You can also go through a third-party platform, like OpenSea, the first and largest NFT marketplace. This is suggested for first-time digital real estate investors.
In 2020, you could own a piece of digital real estate for a few hundred dollars. In 2021, you need a few thousand just to get started. That number continues to increase, but there's not enough known yet to know how the virtual land market will behave.
The metaverse is still new, constantly changing and is not regulated. Be sure you're following verified accounts, businesses and people with knowledge in the space to stay up to date with all new developments.
"Eventually, one of these metaverses will be the place to be like Facebook, Amazon and Google are now," Pfaff said about the current demand. "I think folks are speculating, trying to get in early, and fear missing out."
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