Metaverse Real Estate Sales Expected To Pass Billion in 2022
According to metaverse analytics firm Metametric Solutions, sales of real estate properties in the Metaverse are booming. Last year, combined sales on the four major metaverse platforms — Sandbox, Decentraland, Cryptovoxels, and Somnium surpassed half a billion dollars.
With the ‘big four’ having a total of 268,645 parcels of varying sizes on offer, Metametric expects sales for 2022 to double that of the last year to easily reach $1 billion dollar.
The past months, the metaverse received a couple of huge endorsements with valuations ranging from a $1 trillion opportunity to as much as $12 trillion, predicted by Goldman Sachs. Bank of America said in December that the space is a massive opportunity.
This week, Meta announced $10.3 billion losses on its metaverse operations in 2021, but will nevertheless pursue the opportunity and keep investing in the space. A recently approved patent also shows that global entertainment and media giant Disney is entering the metaverse.
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Source: igaming
