Property prices are not only rising in real life: according to a new calculation, pixel lots are extremely popular in the Metaverse. In 2022, sales could break the billion mark for the first time – mainly because of Facebook.

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Metaverse: Investors buy virtual real estate

Virtual lots aren’t new, and trading them isn’t news per se. But after Facebook renamed itself Meta and announced the Metaverse as a new target, the demand for digital real estate increased rapidly. According to a new study, Metaverse providers Sandbox, Decentraland, Cryptovoxels and Somnium have already been launched in 2021 turnover of around 500 million US dollarswhich currently corresponds to 441 million euros.

An even stronger boom is expected for the current year. The trading volume could increase to 2022 as a whole almost a billion US dollars (880 million euros) if current forecasts about virtual properties in the Metaverse come true (source: CNBC).

According to Republic Realm, an investment company for properties in the Metaverse, 3.8 million euros have been invested in pixel properties at Sandbox so far. The areas called “Fantasy Islands” are now being diligently built in order to build houses and shops at a later date to sell profitably. It is said that the islands should stand out from the competition with a particularly good neighborhood.

In the video: These are Facebook’s Metaverse plans.

Facebook raises Metaverse prices

After Facebook announced in October 2021 that it was renaming itself Meta, the market in the Metaverse almost exploded. According to the analysis, the trading volume increased by a factor of nine to EUR 117 million in November. Analysts are now assuming one for the next few years annual growth of 31 percent on average out.