This past week there were 2,930 sales of metaverse properties totaling over $43million.
1. Commercial names like Nike have jumped into space. Just recently the company acquired a company that makes NFTs sneakers that only exist in the metaverse.
2. Real estate developers are dumping money into the space. Virtual real estate developer Republic Realm broke a record by purchasing 4.3 million pieces of land in the metaverse platform the sandbox.
3. Virtual real estate’s first millionaire came in 2006. Ailin Grafe building virtual real estate.