Metaverse Real Estate Market Expected To Grow By $5.37 Billion

Virtual Land Market In Metaverse Expected To Grow By $5.37 Billion

According to Technovio’s report, the metaverse real estate market share is expected to increase by $5.37 billion from 2021 to 2026.

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Technavio categorized the metaverse real estate market as a part of the global information technology spending market.

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According to the report, the key factor driving the global metaverse in real estate market growth is the growing popularity of mixed reality and cryptocurrency.

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US and Canada are the key markets for the metaverse in real estate.

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Major brands purchasing virtual lands will facilitate the metaverse real estate market growth in North America in the upcoming years.

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American rapper Snoop Dogg has 122 plots of land, 67 plots of premium land, and 3 estates.

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The Sandbox is the largest virtual world for real estate purchases with 166,464 plots, accounting for 62% of the total.

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