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Metaverse Real Estate Boom: Why Investors Are Buying Virtual Land | WSJ

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the latest big real estate market isn't

on scenic coastlines or in major cities

it's in the metaverse where a growing

number of investment firms are spending

millions to acquire digital property

owning land now in the metaverse is a

little bit like buying land in new york

250 years ago metaverse real estate

isn't all that different from property

in the real world it just exists

digitally in 3d cities where users can

simulate real-life pursuits like

shopping playing games or attending

virtual concerts there are houses that

you can walk into there are shops that

you can go

into and buy things uh and this real

estate in the metaverse

is increasingly for sale the idea behind

investing in digital land is that once

you own it you can make money by


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