Nearly all of this, of course, relies on one foundational assumption: That people will care about the metaverse. And that, in turn, is effectively a bet on the growth of crypto. If the metaverse flops, your “land” is worthless. At least in the real world, if you buy a home and the market tanks, you still have four walls and a ceiling to shelter you from storms. If you splurged for Parcel 148, -35 and the market tanks, you just have a sad collection of pixels.
Source: https://www.coindesk.com/layer2/metaverseweek/2022/05/23/metaverse-real-estate-next-big-thing-or-next-big-boondoggle/?utm_medium=referral&utm_source=rss&utm_campaign=headlines