According to metaverse analytics firm Metametric Solutions, sales of real estate properties in the Metaverse are booming. Last year, combined sales on the four major metaverse platforms — Sandbox, Decentraland, Cryptovoxels, and Somnium surpassed half a billion dollars.
With the ‘big four’ having a total of 268,645 parcels of varying sizes on offer, Metametric expects sales for 2022 to double that of the last year to easily reach $1 billion dollar.
The past months, the metaverse received a couple of huge endorsements with valuations ranging from a $1 trillion opportunity to as much as $12 trillion, predicted by Goldman Sachs. Bank of America said in December that the space is a massive opportunity.
This week, Meta announced $10.3 billion losses on its metaverse operations in 2021, but will nevertheless pursue the opportunity and keep investing in the space. A recently approved patent also shows that global entertainment and media giant Disney is entering the metaverse.