How does real estate work in the Metaverse?

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How does real estate work in the Metaverse?

Several platforms, including NFT gaming marketplaces like Sandbox and Decentraland, make it possible to own a piece of virtual land.

Now, virtual land is mostly used for gaming and socialization. However, landowners may eventually be able to host events on their property. As it is, land in the metaverse is being used for conferences and matches, and landowners may soon be able to rent out their land and commercialize it.

While it may seem like a distant possibility at first, land in the Metaverse is already finding application and may soon become a thriving business.
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