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Metaverse real estate sales top $500 million, MetaMetric Solutions says
Revenue of true estate in the metaverse topped $500 million very last yr and could double this 12 months, in accordance to traders and analytics companies. Authentic estate revenue on the four main metaverse platforms arrived at $501 million in 2021, in accordance to MetaMetric Methods. Gross sales in January topped $85 million, the metaverse data service provider reported. It projects that at this rate revenue could reach just about $1 billion in 2022. The the latest surge in gross sales was sparked by Facebook’s Oct. 28 announcement that it was rebranding as Meta to concentrate on the metaverse. True estate gross sales surged nearly ninefold, to $133 million, in…