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Study: Metaverse real estate sales to grow by more than $5 billion by 2026

The real estate market in virtual worlds will fluctuate greatly due to its dependence on movements in the cryptocurrency markets, according to analysts at the international research company Technavio.
In its report, Technavio predicted exponential growth in the metaverse real estate market by 2026. It is reported that the total volume of this market will grow by $5.37 billion (that’s right, up to tens of millions). Growth will be driven by two factors.
First: users will be able not only to have fun in virtual reality, but also to work, as well as to do other things that are useful for themselves. The second is related to the popularity of cryptocurrencies, which will make virtual real estate more accessible and easier to buy, sell or rent.
Study: Metaverse real estate sales to grow by more than $5 billion by 2026
In short, the situation will allow digital property owners to earn passive income. However, not everything is as rosy as it might seem, the report says. The virtual real estate industry is still very different from real estate.

“The price of virtual land does not match the pricing model in the physical world. Thus, the value of digital assets, including virtual real estate, will depend mainly on how buyers perceive the price. This usually results in significant fluctuations,” the study says.

Fluctuations in quotes can negatively affect the investment of companies and users interested in a new area for investment. Currently, the most interested companies are based in North America. The region accounts for 41% of the investments made in expanding the adoption of applications related to the Metaverse.

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