Metaverse - The Rise of Virtual Realty?

You can create your own virtual avatars and own virtual assets. With a fully immersive world around you, your digital self can act up and experience many fantastic activities or learn different skills, which you might not be able to do.

Currently, there are multiple metaverses that are live and also in development stages. Most of the tech giants like Facebook(now Meta!), NVIDIA, Microsoft, etc.

But even now, many people are wired up thinking that it's nothing but a glorified illusion or a large game of epic proportions that's got nothing in the real world.

However, the latest trends indicate that there is much more to the metaverse than a mere "make-believe world"!

Metaverse Real Estate Investing

Last few days, the most surprising global headline was about the sale of a virtual realty(pun intended again!)

A Patch of Land in Decentraland(a blockchain-based online world) was sold for a record price of 2.4 Million dollars worth of NFTs (Non Fungible Tokens). That pretty much rivals New York's real estate rates.

Though many were skeptical, this transaction made many more curious investors take the plunge into the world of Digital or Blockchain investments, including real estate.

It is not just in Decentraland such "virtual realty" is traded but also in various digital open world games that are offering up land for sale! To the uninitiated, it's just buying pieces of pixels, but to the futuristic investor, it's her/his biggest bet in a new world.

Remember, everyone actually thought that the Internet was a fad during its initial days, and so did the folks at Galileo. But History proved them wrong!

Though there might be many hiccups in its initial stage, the metaverse is bound to have a huge influence on all our lives in the future.

The transformation of our world into everything we've experienced in Sci-Movies and literature is coming to life, and do you seriously think that no one would want a piece of that?

The author begs to differ (extra politely!)

Also Read: What is Proptech?

So how do you think Metaverse is gonna impact India?

Eagerly await your interesting comments below!