Figured this is not going away, might as well start a new thread to track property values in virtual worlds.
Hint: You probably cannot get a mortgage from HSBC, even if you could afford the down payment on some of these estates.
https://www.protocol.com/bulletins/r...ox-real-estateRepublic Realm, a metaverse real estate firm, paid $4.3 million for a plot of land in virtual world Sandbox, representing the largest public virtual real-estate deal to date, the company told The Wall Street Journal. The company purchased the virtual plot from video game company Atari.
The purchase broke the previous record set by investment firm Tokens.com last week, which reportedly bought a $2.5 million piece of land in Decentraland, another popular virtual world.
Despite the risks involved due to the volatility of cryptocurrencies, investment firms are diversifying their assets among several virtual worlds. Republic Realm told The Wall Street Journal it owns 2,500 virtual land plots throughout 19 virtual worlds, with two specific investment vehicles focused on virtual real estate, including a mall, a community of 100 virtual residences and a private island.