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The Alexanders Are Now Selling Metaverse Real Estate
Now selling luxury real estate in the metaverse. Photo: Scott Roth/Invision/AP/Shutterstock Tal and Oren Alexander, the brothers who became famous for closing megadeals in their early 20s then moved onto the biggest deals ever in their early 30s — they represented Ken Griffin when he bought that record-setting $238 million penthouse at 220 Central Park South in 2019 — recently announced that they’ll be developing and selling luxury real estate in the metaverse. That is, in virtual reality. It’s all imaginary construction; it can’t be lived in but exists only to be bought and sold and conspicuously consumed. Which sounds about right. Like others in the moneyed Miami set, Oren…
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Metaverse real estate is now being sold for cryptocurrency
The metaverse is getting hotter. Not hot, like a delicious meal or a Finnish sauna. This mostly fictional, virtual world is getting hot like a real estate market. Because lately, it is one. If you have enough money and courage, you can now buy up digital tracts of land in the metaverse. Of course, there isn’t just one metaverse. Much like a website is part of the larger World Wide Web, there are countless companies, including Meta (née Facebook), building their own virtual realms where they hope people will soon gather as their digital avatars to play games, buy things, and interact with ads. The emerging real estate market for…
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Investors Snap Up Metaverse Real Estate in a Virtual Land Boom
Justin Bieber performed at a live concert this month, but the show wasn’t in a stadium or an arena. Like recent performances from Ariana Grande, the Weeknd and Travis Scott, this concert was held in the metaverse, the online world that stretches the corners of the internet into immersive, four-dimensional experiences. Fans from all over the globe watched Mr. Bieber’s avatar sing songs from his hit album “Justice.” Investors were watching, too. Preparing for a digital land boom that appears just months away, they are snapping up concert venues, shopping malls and other properties in the metaverse. Interest in this digital universe skyrocketed last month when Mark Zuckerberg announced that…
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Metaverse universe: Realty and luxury brands wait for you to splash crypto cash
It is not real yet but things are moving along at a feverish pace. Metaverse, a dream sold to us most vocally by Mark Zuckerberg of Meta (formerly Facebook) and followed up by the world of tech and beyond, is at best described as a hypothetical evolution of the internet in its current form, and it may or may not happen, however, the number of believers is significantly higher. If you thought only tech companies have ambitions for the metaverse future, that wouldn’t be true. Real estate, fashion, entertainment, and gaming companies are making a beeline for the next big upgrade to the internet, sending the digital real estate prices…
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