Still, real estate NFTs promise the ability to democratize property ownership, a space that has historically excluded a majority of the world. GoBankingRates quoted a research analyst at Grayscale Investments who noted that historically, real-estate value is largely influenced by proximity to shops, services and attractive neighborhoods. It remains to be seen if that may happen too in the metaverse, where players can “teleport around the world, making travel instantaneous and irrelevant to valuation.” Grayscale is a subsidiary of Digital Currency Group, the parent company of CoinDesk.
Get Ready for the 2022 Metaverse Real Estate Boom
