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Investor spends $14,000 on virtual real estate inside the metaverse

Young woman using a VR headset and joystick while making a real estate immersive tour
Young woman using a VR headset and joystick while making a real estate immersive tour
Getty Images/Antonio_Diaz

Real estate prices are absolutely insane no matter where you look, and that includes inside the world of virtual reality.

An investor in Singapore reportedly recently invested $14,000 on real estate inside the metaverse.


Per the New York Post the writer, only known as Cheryl, says that investing in metaverse property has advantages over "real-world property."

Cheryl says, "For me, digital real estate and the metaverse will be playing a major role in how humans communicate, transact, and interact.  As such, buying digital real estate in the metaverse is like putting your stake into the next wave of technology, commercialism, and ways of socializing."

And in news that's going to make you roll your eyes, sales of virtual real estate topped $500 million last year, and could double this year, according to analysts and investors.

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