The metaverse – a virtual world we can explore through smart glasses or VR headsets – is a network that will revolutionize our lifestyles. Major companies are already trying to cash in on what could become the next multi-billion dollar technology. Facebook is creating 3D spaces where we can socialize.
Virtual investing has begun to pick up traction since 2020 when traditional ways were limited due to the COVID-19 pandemic. According to a survey published by the University of Chicago, more than 1 in 10 Americans invested in cryptocurrency in 2020. This shows signs of the rising popularity of digital currencies like bitcoin and ethereum.
The Sandbox, a subsidiary of game developer Animoca Brands, is one of the decentralized virtual worlds that has been fueling the recent growth of virtual real-estate demand.