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Metaverse digital brick market is growing rapidly, investment may double in 2022

February 5, 2022
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Metaverse digital brick market is growing rapidly, investment may double in 2022

According to the reference news network, the Spanish “Economist” website said that real estate sales in the metaverse have exceeded 500 million US dollars, and the turnover of this new field of “real estate” may soar to 1 billion US dollars in 2022. Related analysis shows that investment funds set up to invest in digital land have driven this growth.

According to Metametric Solutions, these “digital bricks” that have attracted $500 million in investment are concentrated in just four major metaverse platforms: Sandbox, Decentralized Paradise Virtual Platform, Cryptovoxels, and Somnium. These digital worlds are often associated with cryptocurrencies.

The Metaverse real estate market will grow at a compound annual growth rate of 31% between 2022 and 2028, according to a report by India’s “Brand Essence” market research firm. The price has not stabilized yet, and everyone agrees that the price will rise. The decentralized paradise virtual platform has 90,600 pieces of land, each with an area of 16 meters by 16 meters, and the price of each piece of ether is equivalent to 14,440 US dollars

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