Why would you buy metaverse real estate?

Interest in augmented reality, virtual reality, and Metaverse real estate really spiked after social media giant Facebook (NASDAQ:META) changed its name to Meta and announced its intention to invest in this virtual reality space. Even so, plots of land in the virtual real estate market may seem like odd investments. The truth is that they’re very similar to real-world real estate in many ways.

Two factors make them very interesting to investors.

First, virtual property is in limited supply, just like in the real world. Owning virtual real estate means you own a unique parcel of land in a world in the Metaverse, and you can do things with it, including creating income-generating properties like leasable buildings or interactive venues that charge admission or promote a brand.

Secondly, each parcel of Metaverse real estate is wholly unique, secured by a Non-Fungible-Token (NFT). An NFT is basically a deed or proof of ownership for something digital (or real) that is able to be identified in a wholly unique way. Your Virtual real estate NFT guarantees your ownership and allows you to resell the property to another owner. It also records all the transactions for that property automatically, eliminating the need for title work. It is basically a 21st-century digital deed.