Statistics on Metaverse Real Estate 2022

 What is Metaverse Virtual Real Estate?

Metaverse real estate refers to land parcels in virtual worlds. In most cases, they are pixels. Though they are more than digital images. They are functional  areas in virtual reality platforms where individuals can mingle, play games , sell NFTs, attend virtual concerts, attend meetings, and engage in a variety of other activities. 

Digital real estate is predicted to flourish and expand in tandem with the development of the metaverse. In reality, after facebook changed its brand to META and expressed a strong interest in the metaverse in the fourth quarter of 2021, there was a "metaverse real estate" bubble. The price of metaverse real estate is expected to expand at a CAGR of 31.2% from 2022 to 2028 as its popularity grows. 

What is Metaverse?

A Metaverse is an online community where users chat and interact as cartoon avatars in a 3D-rendered environment. Investors are increasingly interested in metaverse real estate since they seems to be highly transparent and secure than Offline real estate system. This made the corporate and companies invest millions of dollars in virtual real estate in the hopes of quickly doubling or tripe their money.

Merits of the Metaverse 

More interesting approach to connect and communicate 

A new working environment to start your day

Branding and social media presence could be improved.

A more enjoyable and engaging way for children to learn

Developing and maintaining a virtual economy

Why Purchase Virtual Lands In Metaverse Real Estate ?

Metaverse real estate allows consumers to connect with other people online. Users can play games and interact on their digitized land. Creators can charge for access to their material or trade their NFTs to promote it. Brands can leverage their virtual to promote services, introduce virtual products, and deliver unique customer experiences. These digitized property parcels present a profitable for real estate investors. Metaverse properties can be developed, flipped, or leased just like real world assets. There are numerous applications for metaverse real estate.

Statistics on Metaverse Real Estate 

We have compiled the most recent statistics on the business to help you make a data-driven choice about whether or not to invest in metaverse properties.

In 2021, Sandbox LAND increased by 15,0%. It also has also the highest transaction volume in the same year with a total of $350 million in virtual land purchases.

Metaverse real estate sealed on the four main platforms totaled $501 million in 2021 and are likely to rise this year to $1 billion. 

 According to a research analysis, the metaverse market was valued at $47.69 billion in 2020 and is expected to be worth $828.95 billion in 2028.

 The average price of a parcel has risen from $1,265 to $ 12, 684 on prominent metaverse sites.

 Only 25,000 individual crypto wallets contribute to metaverse real estate investments.

The majority of metaverse real estate data appear to be positive. They show highest profits.Though, keep in mind that some worlds are relatively fresh and not yet fully developed. although the figures are appealing , you may need to go further and look beyond statistics. 

Bitdeal is a prominent Metaverse development company that offers technology-driven metaverse real estate development services that will help you grow your virtual business.