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The metaverse: How it became real estate’s new frontier
Speak to people working in the metaverse and one descriptor follows it around: “It’s like the Wild West.” Make of that what you will. Is it a new frontier for people seeking their fortune? A lawless land? A place characterized by the unknown, removed from the rest of society? Perhaps all of the above. But one thing’s for sure — people in the Wild West weren’t dropping $650,000 in cryptocurrency on a digital yacht. The metaverse — a growing number of immersive virtual online worlds where users live and play — has become a hotbed of real estate speculation. Investors are betting on it being an integral part of a…