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.