Valuations for virtual land at times exceed those in the real world. Photo: SCMP Handout
Hong Kong property tycoons, brokers snap up virtual land in metaverse as valuations soar
- Virtual land sales are a hot new trend in a tech world increasingly fascinated with the metaverse, a shared, immersive 3D space where people can interact
- In Hong Kong, where housing is scarce and property is deemed the most critical of investments, the interest around digital land sales is reaching a fever pitch
Valuations for virtual land at times exceed those in the real world. Photo: SCMP Handout