The hype has blown over, but proptech players say virtual property still has utilitarian uses and a future.
The metaverse, the virtual world that was the hot thing in tech less than two years ago, is facing a harsher reality.
Iconic department store Bloomingdale’s is celebrating its 150th anniversary with a new virtual store, designed by Emperia, that will go live during New York Fashion Week, which starts September 9.
LD Salmanson, CEO of real estate data firm Cherre, has nothing against the virtual world and what it could offer.
“I’m a gamer,” he tells GlobeSt.com. “I was a professional gamer for a little while. I’m appreciable of the fact that there can be meaningful social interactions on some of these platforms. I can buy into that looking at the longer horizon. But I feel that most of the peop...
Some of the world’s biggest companies are starting to set up shop in the so-called metaverse, sketching out an early blueprint for how people might eventually make real money in the much-hyped digital realm.
Avison Young will dip its toe into the metaverse, serving as the exclusive leasing agent for metaverse investor and developer Everyrealm.
Fifth Wall is the world’s largest real-estate-focused proptech VC, and has made its first metaverse investment in a startup called Parcel.
The world’s first virtual hotel has opened within the Metaverse.
M Social Decentraland - part of the Singapore-based Millennium Hotels brand - opened in Decentraland, a virtual reality platform, on 5 May.
The startup behind the Bored Ape Yacht Club NFTs has raised as much as $320 million in cryptocurrency by selling 55,000 plots of virtual land in its metaverse. The virtual real estate buying frenzy over the weekend reportedly so intense that it crashed the Ethereum network and sent fees on the blockchain system soaring.