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How Much Would You Pay for Virtual Land? Some Metaverse Properties Now Topping $4 Million

How Much Would You Pay for Virtual Land? Some Metaverse Properties Now Topping $4 Million
One of Republic Realm’s virtual Fantasy Islands in The Sandbox metaverse. Courtesy of Republic Realm
Mary Prenon
Mary Prenon
Freelance Reporter
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With home prices continuing to soar in popular markets across the country, first-time homebuyers are finding it increasingly more difficult to score a small piece of the burgeoning real estate market. Yet recently published reports have splashed head-scratching breaking news about virtual real estate properties selling for $4 million or more in newly emerging metaverse platforms.

Described as an alternate digital reality where people can work, socialize, play, and interact, the metaverse is a newly emerging technology offering virtual 3D environments complete with avatars in a sophisticated cartoon-like atmosphere.

Mary Prenon
Mary Prenon
Freelance Reporter
Mary T. Prenon covers real estate and business. She has been a writer and reporter for over 25 years with various print and broadcast media in New York.
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