Why Are People Buying Digital Property When It Doesn’t Exist In The Real World?


Read Time: 2 minutes

The craze has gained so much momentum that even mainstream investors and real estate companies are now getting into the business.

While the overall crypto market is on a downward trajectory this year, there is a part of it that is continuing its bull run. Investors have maintained their faith in the virtual real estate sector, buying and selling properties in the so-called Metaverse. People are paying huge money to buy a property that they can’t actually touch, feel or visit. Yet, there has been a growing interest in owning something that isn’t real. Buying even a small plot, say of 1,000 square feet, can go for as much as $2,00,000 (roughly ₹ 1.52 crores) in the virtual world.

The digital real estate craze has gained so much momentum that even mainstream investors and real estate companies are now getting into the business. Experts say the interest in purchasing the Metaverse land is increasing because it carries the concept of intrinsic value from the real world.

Real people interact with each other in these virtual worlds as cartoon-like characters called avatars. The Metaverse also allows them to buy a property next to those they like, for instance, celebrities, and “live” there.

The top real-estate players in the segment include Sandbox, Decentraland, Cryptovoxels, and Somnium. Real estate sales on the platforms had reached $501 million in 2021 and analysts believe it is likely to cross $1 billion this year. Rap legend Snoop Dogg has already announced a partnership with Sandbox. The partnership will allow the rapper to invite fans into his virtual mansion for either to take part in a pool party, view his collection of NFT art and cars, as well as play with his dogs.

CommentsThe location appears to be the key that is driving this real estate world. When entering the Metaverse, people tend to visit areas that have a large crowd. Thus, these areas command a higher price. A person recently paid as high as $4,50,000 (roughly ₹ 3.43 crores) to be Soon Dogg’s neighbour in the virtual world. There is no way that person can find a place next to the rapper’s home in the real world for that money. So, the promise of an exclusive experience is another factor that’s driving this craze.


265 thoughts on “Why Are People Buying Digital Property When It Doesn’t Exist In The Real World?

  1. Hello just wanted to give you a quick heads up.
    The words in your content seem to be running off the screen in Firefox.
    I’m not sure if this is a format issue or something to
    do with web browser compatibility but I thought I’d post to
    let you know. The design look great though! Hope you get the problem solved soon.
    Many thanks http://avtpoligraf.ru/content/planification-du-transport-logistique-montreal-34

  2. Hi there, I found your web site by the use of Google even as searching for a similar topic, your site
    came up, it looks great. I have bookmarked it in my google bookmarks.

    Hi there, just became alert to your weblog thru Google, and located that it’s
    truly informative. I’m going to watch out for brussels.
    I’ll appreciate if you proceed this in future. Many other people will likely be benefited from your writing.
    Cheers! https://one.New-tkf.xyz/user/AntonioRichardso/

  3. Write more, thats all I have to say. Literally, it seems as though you
    relied on the video to make your point. You clearly know what youre talking about, why
    throw away your intelligence on just posting videos to your site when you could be giving us something
    informative to read?

  4. I loved as much as you will receive carried out
    right here. The sketch is attractive, your authored subject matter stylish.
    nonetheless, you command get got an shakiness over that you
    wish be delivering the following. unwell
    unquestionably come further formerly again since exactly
    the same nearly very often inside case you shield this
    increase. http://www.die-seite.com/index.php?a=stats&u=felicitascarden

  5. Hey, I think your blog might be having browser compatibility issues.
    When I look at your blog site in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping.
    I just wanted to give you a quick heads up! Other then that, great blog!

  6. Thank you, I have just been searching for info approximately this
    topic for ages and yours is the greatest I’ve found out till now.
    However, what in regards to the bottom line? Are you
    positive about the source?

  7. Thanks so much pertaining tο ցiving me an update оn this subject matter оn your site.

    Ꮲlease realise tһɑt if a fresh post Ьecomes
    avɑilable or if ρerhaps аny improvements occur оn tһe current
    article, Ι wоuld bе thinking abօut reading a lot morе and finding оut how
    to makе gooԁ uѕe of tһose methods yoᥙ reveal. Ꭲhanks for yoᥙr tіme and consideration οf others bу making this site
    аvailable.

    ᒪook into my blog post :: well-crafted bedroom furniture

  8. It’s amazing to pay a quick visit this site and reading the views of all
    colleagues regarding this post, while I am also keen of getting familiarity.

  9. Oh my goodness! Awesome article dude! Many thanks, However I am encountering difficulties with your RSS.
    I don’t understand why I cannot join it. Is there anyone else
    having the same RSS issues? Anybody who knows the solution can you kindly respond?
    Thanx!!

  10. I loved as much as you will receive carried out right here.
    The sketch is tasteful, your authored subject matter stylish.
    nonetheless, you command get got an edginess over that you wish be delivering the following.

    unwell unquestionably come further formerly again since exactly the same nearly
    very often inside case you shield this hike.

  11. Pingback: Homepage
  12. Hello there, There’s no doubt that your website could be having internet browser compatibility problems.
    When I look at your site in Safari, it looks fine however,
    if opening in IE, it has some overlapping issues.

    I simply wanted to provide you with a quick heads up! Other than that, excellent blog!

  13. deepthroat, blowjob, anal, amatureporn, facefuck,
    baldpussy, asstomouth, assfucking, bbw, bbc, bigcock, bigass,
    teenass, teenfuck, bigtits, titfuck, footjob,thighjob, blackcock, hentai, ecchi, pedophliia, ebony, bigboobs,
    throatfucking, hardcore, bdsm, oldandyoung, masturbation, milf, missionary, nudist, oralsex,
    orgasm, penetration, pussylicking, teenporn, threesome, whores, bokep, bokepindonesia,
    bokepterbaru, bokepindonesiaterbaru, bokepterupdate, porno,
    pornoindonesia, pornoterbaru, pornoterupdate, xnxx.com,
    pornhub.com, xvideos.com, redtube.com

  14. I’ve been browsing online greater than 3 hours these days,
    yet I by no means discovered any attention-grabbing article like yours.

    It is pretty worth enough for me. In my view, if all site owners and bloggers made
    just right content as you probably did, the web will probably be much more
    useful than ever before.

  15. Hey there excellent blog! Does running a blog similar
    to this require a lot of work? I have virtually no knowledge of programming but I was
    hoping to start my own blog in the near future. Anyhow, if
    you have any suggestions or techniques for new blog owners
    please share. I understand this is off topic however I just wanted to
    ask. Thanks a lot!

  16. Howdy just wanted to give you a quick heads up. The words
    in your post seem to be running off the screen in Firefox.
    I’m not sure if this is a formatting issue or something to do
    with browser compatibility but I thought I’d post to
    let you know. The design look great though! Hope you get the problem resolved soon. Thanks

  17. Excellent post. Keep writing such kind of information on your blog.
    Im really impressed by it.
    Hi there, You have performed an excellent job. I’ll definitely digg it
    and personally recommend to my friends. I’m sure they’ll be benefited from this site.

  18. An interesting discussion is definitely worth comment.

    I do think that you ought to publish more about this subject matter, it might not be a taboo matter but typically
    folks don’t discuss these issues. To the next!
    Best wishes!!

  19. สล็อต เว็บใหญ่ อันดับ 1,เว็บใหญ่สล็อต,เว็บ ใหญ่ สล็อต,เกมสล็อตเว็บใหญ่,สล็อต
    เว็บ ใหญ่ ที่สุด pg,สล็อต เว็บ ใหญ่ อันดับ 1,เกมสล็อตอันดับ 1,สล็อต เว็บใหญ่,เว็บสล็อตใหญ่ที่สุด,สล็อตเว็บใหญ่ pg,เว็บสล็อต ที่ มี คน เล่น มาก ที่สุด,สล็อตเว็บใหญ่ที่สุดในโลก,
    เว็บ สล็อต ใหญ่ ๆ,สล็อต เว็บ ใหญ่ เว็บ ตรง,สล็อตเว็บใหญ่ที่สุด
    Do you mind if I quote a few of your posts as long as I provide credit and sources back to your website?

    My blog site is in the exact same niche as yours and my users would definitely benefit from some of the information you provide here.
    Please let me know if this okay with you. Cheers!

  20. Greetings. The author’s name is Alexia Leslie and she believes suggesting quite pleasant.
    Her job is an interviewer. Collecting kites is what my relatives and I satisfaction in. South Carolina has always been my living place.

  21. deepthroat, blowjob, anal, amatureporn, facefuck, baldpussy, asstomouth, assfucking, bbw, bbc, bigcock, bigass,
    teenass, teenfuck, bigtits, titfuck, footjob,thighjob,
    blackcock, hentai, ecchi, pedophliia, ebony, bigboobs, throatfucking, hardcore, bdsm, oldandyoung, masturbation,
    milf, missionary, nudist, oralsex, orgasm, penetration,
    pussylicking, teenporn, threesome, whores, bokep, bokepindonesia, bokepterbaru, bokepindonesiaterbaru,
    bokepterupdate, porno, pornoindonesia, pornoterbaru, pornoterupdate, xnxx.com, pornhub.com, xvideos.com, redtube.com

  22. Very good blog! Do you have any helpful hints for aspiring writers?
    I’m planning to start my own website soon but
    I’m a little lost on everything. Would you propose starting with
    a free platform like WordPress or go for a paid option? There are so many options out there that
    I’m totally overwhelmed .. Any tips? Appreciate it!

  23. deepthroat, blowjob, anal, amatureporn, facefuck, baldpussy, asstomouth,
    assfucking, bbw, bbc, bigcock, bigass, teenass, teenfuck, bigtits, titfuck,
    footjob,thighjob, blackcock, hentai, ecchi, pedophliia,
    ebony, bigboobs, throatfucking, hardcore, bdsm, oldandyoung, masturbation, milf, missionary, nudist, oralsex,
    orgasm, penetration, pussylicking, teenporn, threesome, whores, bokep, bokepindonesia, bokepterbaru,
    bokepindonesiaterbaru, bokepterupdate, porno, pornoindonesia, pornoterbaru, pornoterupdate, xnxx.com, pornhub.com, xvideos.com, redtube.com

  24. Rest assured that regardless that now we have an incredibly low value per web page for dissertation writing, our workforce will deliver top of the range, custom content material in 100% of circumstances.

  25. مزایای سرمایه گذاری در ترکیه مزیت ها و فواید سرمایه گذاری در ترکیه

    این موضوع را فراموش نکنید که با سرمایه‌گذاری در یک مسیر درست می‌توانید سرمایه خود را تا چند برابر افزایش دهید و سود
    خوبی از این طریق برای خود به دست آورید.
    کشور ترکیه به عنوان همسایه ایران شناخته
    می‌شود که در این بین بسیاری از ایرانیان دوست دارند که
    به این کشور مهاجرت کنند. به همین جهت شاهد آن هستیم که تعداد زیادی از ایرانیان به دنبال راه مناسب برای گرفتن اقامت این کشور هستند.
    انجام سرمایه گذاری در ترکیه می‌تواند به عنوان یک راهکار
    کلیدی برای شما به حساب بیاید.
    به همین جهت شما قادر خواهید بود
    که سرمایه‌گذاری خود در
    این قسمت را با مناسب‌ترین قیمت
    ممکن انجام دهید. در این مطلب از سایت
    تیم مهاجرتی کینگ قصد داریم
    تا نحوه سرمایه گذاری در ترکیه و انواع آن را
    با یکدیگر بررسی کنیم پس تاد انتهای مطلب با ما همراه باشید.

  26. The author is known by the name of Minh. He is really fond of doing 3d
    graphics but one is struggling discover time for this. He currently lives in Vermont.
    Filing is where her primary income derives from and she’s
    doing beneficial financially.

  27. Tory Easterling is common history my parents gave me but are able
    to call me anything you like. Bookkeeping is the way i support his dad but I plan on changing it.
    I currently live in Virginia and i love frequently living at this point.
    What I love doing is aromatherapy marketplace I sufficient to choose new conditions.

  28. If the weighted average interest on the loans is 5.25%, for
    example, then the model new rate of interest will be 5.375%
    after consolidating.

  29. Thanks a ƅսnch for sharing thіs with all ppeople you really recognise wha you’re spеaking approximately!
    Вookmaгked. Please additionally discuss wwitһ my site =).
    We may һaᴠe a link alternate contract among us

  30. If you are not in a hurry to get a loan, WalletHub’sfree pre-qualification toolwill make the search for a
    loan much more efficient.

  31. Pretty component to content. I simply stumbled upon your website and in accession capital to say that I get actually loved account your blog
    posts. Any way I will be subscribing on your feeds or even I achievement you access consistently rapidly.

  32. Hello there! I know this is somewhat off topic but I was wondering which blog platform are you using for this site?

    I’m getting sick and tired of WordPress because I’ve had problems with hackers and I’m looking at
    options for another platform. I would be great if you could point me in the direction of a good platform.

  33. Its such as you learn my mind! You appear to know so much approximately this, like you wrote the book in it or something.
    I believe that you could do with a few p.c. to drive the message house a bit,
    but other than that, this is magnificent blog. A great read.
    I will certainly be back.

  34. Yellow-and-white favors—lollipops, rubber ducks, and
    paper cones holding penny candy—are just as fitting, whereas a
    gingham tablecloth provides to the summery theme.

  35. Greetings! Very helpful advice in this particular article!
    It is the little changes that produce the largest changes.
    Thanks a lot for sharing!

  36. I have read so many posts regarding the blogger lovers except
    this article is really a fastidious piece of writing,
    keep it up.

Leave a Reply

Your email address will not be published. Required fields are marked *