According to Metametric Solutions, a metaverse analytics organisation, real estate sales on metaverse platforms exceeded half a million dollars last year.
Real estate sales on four key metaverse platforms — Sandbox, — totaled $501 million in 2021, according to the business. There are a total of 268,645 parcels of various sizes on the four platforms. According to the analytics firm, metaverse real estate sales might treble this year, reaching roughly $1 billion in 2022.
According to Brandessence Industry Research, the metaverse real estate market is predicted to increase at a compound annual rate of 31% from 2022 to 2028. The metaverse has been projected to be a multi trillion-dollar possibility by some people. Goldman Sachs and Morgan Stanley, two major financial institutions, have estimated that the metaverse might be worth $8 trillion.
Apple CEO Tim Cook stated last week that his company believes the metaverse has a lot of potential and is investing accordingly. He said, “It’s really fascinating to us.“
Haim Israel, a strategist at Bank of America, said in December that the metaverse is a huge possibility where cryptocurrencies will be widely used as currencies. He stated, “I definitely believe this is a big, massive opportunity.”
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