New York-based metaverse real estate firm Republic Realm recently spent a record US$4.3 million for a plot of digital land through virtual world The Sandbox. Photo: Handout
New York-based metaverse real estate firm Republic Realm recently spent a record US$4.3 million for a plot of digital land through virtual world The Sandbox. Photo: Handout

Metaverse hype pushes investors to bet big on digital property offered in new virtual worlds

  • Virtual land worth more than US$100 million has recently sold on metaverse sites The Sandbox, Decentraland, CryptoVoxels and Somnium Space
  • The booming digital property market has spawned an entire ecosystem around virtual real estate, from rents to land developers

Topic |   Virtual Reality
New York-based metaverse real estate firm Republic Realm recently spent a record US$4.3 million for a plot of digital land through virtual world The Sandbox. Photo: Handout
New York-based metaverse real estate firm Republic Realm recently spent a record US$4.3 million for a plot of digital land through virtual world The Sandbox. Photo: Handout
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