By 2026, it is anticipated that the metaverse real estate market will reach $5 billion. The most recent metaverse analysis from international market research company Technavio makes this prediction.
More individuals will be drawn to joining the metaverse’s social ecosystem as it develops into a more vibrant, real-world environment.
This popularity has an impact on the metaverse’s real estate market. The worth of this market is expected to increase exponentially, according to a new analysis by the international market research company Technavio.
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The analysis, which also examines other aspects of this emerging business, predicts that by 2026, the market for virtual real estate would be worth $5.36 billion more.
Two things will drive this growth. The metaverse will first progressively transition to a more blended reality experience, enhancing the performance of these platforms, where users can occupy and make annotations and decode tags for various application-specific uses.
The prevalence of cryptocurrencies is the second factor, which will make this type of property more reachable and simple to buy, sell or rent, enabling its owners to generate an additional income.
The market for virtual real estate is not without its challenges, though. Since it differs greatly from the real-world real estate market, it is still an insurgent industry that needs to establish itself.
Each virtual land will have a unique price based on a number of variables that vary from instance to case.
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According to the analysis, the price of virtual land does not correspond to the physical world’s pricing structure.
As a result of this, the worth of digital assets, including metaverse real estate, would largely rely on how purchasers would view their price, causing oscillations.
These swings may have a detrimental effect on the investments made by businesses and users who are considering using these new instruments.
The majority of this growth will come from investors and businesses in North America, which will account for 41% of all investments made during the specified period due to the region’s significant adoption of metaverse-based applications.
Another study, published in February of last year, predicted that this year’s metaverse real estate sales will total $1 billion.
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