According to investors and analyst firms, metaverse real estate sales topped half a billion dollars in 2021 and could double this year. According to MetaMetric Solutions, real estate sales across the four major metaverse platforms reached $501 million in 2021. In January 2022, sales reached $85 million, so analysts predict that real estate sales in the metaverse will exceed $1 billion very soon.
The surge in popularity of real estate in the metaverse is due to the announcement of the renaming of Facebook to Meta, which is associated with the company's desire to focus on creating virtual worlds. The announcement was made on October 28 last year, and in November, metaverse real estate sales nearly tenfold to $133 million. Since then, market growth has slowed down, but total sales for January are still more than 10 times higher than January 2021.
Capitalism during its last days is really amazing. It is like terminal cancer. Lack of food, huge mean prices and same time selling NFT and this shit.
Who would imagine that a game with shitty graphics of people doing bad porn with odd skinned characters a.k.a. Second Life would go that far.
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