11/15/2023 0 Comments Buying virtual real estateFurthermore, during transactions, you have to consider such factors as cybersecurity and potential cyberattacks, which do not comprise a concern when buying physical real estate properties.Īs a firm believer in technology and unlimited opportunities, I think investors should give the metaverse a couple of years. The reason for this insecurity is simple: The whole concept of buying and selling tokenized assets is still too new and even incomprehensible for many, and it can go either way. Whereas the expected rate of return is key, investors tend to prefer safer opportunities, even if they promise a slightly lower return.Īt the moment, investing in the metaverse comes with even more risk and volatility than investing in the stock market and investing in cryptocurrencies. Many investors favor real estate over the stock market because of the higher level of volatility associated with the latter. I would advise investors to refrain from investing solely in virtual real estate yet, I think this could be a positive way to expand one’s assets and diversify one’s portfolio. This is significantly lower than the value of land in the U.S., so even investors with modest budgets can gain access to the metaverse. Last year, the average price of a land parcel across the four largest platforms (The Sandbox SAND2, Decantraland, Cryptovoxels and Somnium) reached $12,000. An important benefit is that digital real estate is still relatively affordable. The metaverse adds yet another universe-albeit digital-where we can buy, sell, rent, manage and develop land and properties.
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