- Oct 25, 2021
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Digital Land Picking Up Value in Metaverse Projects
The rise of the metaverse concept and all the companies that are taking it seriously is starting to affect the sales and prices of metaverse-related key elements, like
At the time of the sale, Axie Infinity’s team reported this to be the biggest sale ever of one of their genesis land plots. The buyer stated:
We’re witnessing a historic moment; the rise of digital nations with their own system of clearly delineated, irrevocable property rights. Axie land has entertainment value, social value, and economic value in the form of future resource flows.
Upping the Ante
There have been recent sales, however, that have eclipsed even this one on different platforms. The sale of another
With more metaverse projects integrating virtual worlds, the future looks as though it will bring more of these investments from companies that prefer to manage virtual land than to deal with the uncertainties and complexity of managing real property, even when these properties bought are more expensive than real estate in the physical world.
What do you think about the recent boom in digital real estate from virtual projects? Tell us in the comments section below.