Metaverse madness is not slowing down! They paid 4 million TL for the house that did not exist!

For those who do not know what Metaverse is, let’s talk a little bit. It is a hypothetical iteration of the Internet, supporting persistent online 3D virtual environments via virtual and augmented reality devices alongside traditional personal computers. Virtual universe in a nutshell! So, is this money paid for something virtual? Let’s evaluate the rest of our article together.

Metaverse madness is not slowing down! They paid 4 million TL for the house that did not exist!

With the growing interest in metadata, more and more investors have flocked to the virtual world in search of a piece of digital real estate that many believe will be the future of social networking, business and entertainment.

Speaking to CNBC, Andrew Kiguel, CEO and founder of, discussed why some investors are willing to spend millions of dollars on parcels of land; “Prices have increased 400% to 500% in the last few months” said.

While the land doesn’t exist in the real world, it does exist in the metaverse, and according to the entrepreneur, whose company recently spent about $2.5 million in Decentraland (MANA), the opportunities are plentiful there. If an investor “The metaverse is the next iteration of social media. You can go to a music concert; You can go to a museum and have all sorts of different experiences to explore and immerse yourself in.” made statements.

Digital islands for the same price as a house in the USA

Republic Realm CEO Janine Yorio, who recently spent $4 million on a land in the Sandbox (SAND) on Metaverse, announced that she sold more than 100 private islands on the platform last year at $15,000 each.

Yorio, “Today they sell homes for about three hundred thousand dollars, each of which is, incidentally, exactly the same as the average home price in America.” said.

According to real estate broker Oren Alexander:
“For some, the digital world is just as important as the real world. So it’s not about what you and I believe, it’s about what the future will hold.”

Similarly, Kiguel added:
“It’s like buying land in Manhattan 250 years ago when the city was being built.”

So what do you guys think about Metaverse? Do you get paid for things you don’t have in real life? Can you share your thoughts with us in the comments section below?

Source: Teknolojioku Rss by

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