The adoption of real estate in the metaverse has been sluggish, despite last year's hype, but enthusiasts remain optimistic about its potential. The integration of hardware and software such as augmented reality, virtual reality and digital twinning is creating a utility for real property, enabling powerful marketing and development functions. Transactions within the metaverse are also gaining traction, although there are only "tens of thousands of people" compared to millions on virtual world gaming sites. The main metaverse real estate transaction sites are The Sandbox and Decentraland, and the main non-crypto one is Second Life.
https://commercialobserver.com/2023/04/metaverse-commercial-real-estate-proptech-2023/
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