For artists, brands, and gamers, the metaverse is a living reality. Travis Scott’s Fortnite concert was attended by 27 million; JP Morgan just signed a yearlong virtual property lease; the Vatican is opening a non-fungible art gallery.

This swift adoption is a testament to the metaverse’s current and future utility – and it’s reflected in
virtual real estate pricing. From September 2019 through March 2022,
blockchain-based virtual real estate prices grew by 879%. Real estate prices, meanwhile, grew by 39%.

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