We spoke to Leonard Ang, CEO of iPropertyManagement, to understand his perspective on the future of digital real estate. Ang says, “Digital real estate has been around longer than people realize. We saw similar “real estate” markets around domain names in the late 1990s, as well as many times in different MMORPGs like EverQuest and World of Warcraft⁸.”

Ang continues, “Sometimes the in-game currency for some of these packages has rivaled smaller nations and some US states. Most of them have lost popularity or remain niche markets. History suggests this will be the fate of the Metaverse as well.

So what is digital real estate in the new and exciting Web 3.0? Digital real estate in the metaverse is still a new technology that leaves a lot to explore, and perhaps even capitalize on. If you decide to buy land in the digital world, it is always important to know the factors that make a property property purchase to maximize your return on investment.

If you’re still wondering if digital real estate is right for you, but you’re ready to make a real estate investment, contact a household Loan expert to talk to someone about your real estate goals.

Sources:

^{1, 2} CNBC 1, 2

³ Shades of grey

⁴ Republic Kingdom

⁵ Reuters

⁶ Jasen Edwards, Agent Tipsdirect communication

⁷ Jeff Mains, Champion Leadershipdirect communication

⁸ Leonard Ang, iPropertyManagementdirect communication