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  • Real Estate News

    Investors Snap Up Metaverse Real Estate in a Virtual Land Boom

    December 2, 2021 /

    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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    Jerry Schmidt Comments Off on Investors Snap Up Metaverse Real Estate in a Virtual Land Boom

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  • Real Estate News

    Virtual real estate plot sells for record $2.4 million

    November 25, 2021 /

    LONDON, Nov 23 (Reuters) – A patch of virtual real estate in the online world Decentraland sold for a record $2.4 million worth of cryptocurrency, the buyer crypto investor Tokens.com (COIN.NLB) and Decentraland said on Tuesday. Decentraland is an online environment – also called a “metaverse” – where users can buy land, visit buildings, walk around and meet people as avatars. Such environments have grown in popularity this year, as the pandemic caused people to spend more time online. read more Register now for FREE unlimited access to reuters.com Register Interest surged last month when Facebook changed its name to Meta to reflect its focus on developing virtual reality products…

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    Jerry Schmidt Comments Off on Virtual real estate plot sells for record $2.4 million

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