Metaverse Archives | Page 2 of 2 | CREtech
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.
It’s almost impossible to read anything about tech these days without tripping over something related to web3 and the metaverse. I’ve been particularly interested in the topics from a real estate perspective, given my proptech focus.
The hype around investment in the metaverse — the evolving and still somewhat nebulous collection of virtual online spaces proponents say is the future of gaming, shopping and human interaction — has created a boom in virtual land sales on different platforms.
Retail, real estate and hospitality are some of the industries which will encounter big opportunities for expansion in the metaverse, says one industry expert.
It is undeniably a most excellent time to be in the apartment rental business. High occupancy, waiting lists, and solid collections are the norm now that most systems are operating in a more normalized manner. Yes indeed, we all look like geniuses after weathering the COVID Storm. My sense is that most apartment operators are focused on renting apartments, collecting rent, and maintaining the asse...
