Metaverse Real Estate Sales Tipped to Reach $1b in 2022

• Metaverse Real estate sales are expected to reach $1 billion this year, according to a prediction made by Metametrics Solution

• The company has tipped real estate sales on Sandbox, Decentraland, Cryptovoxels, and Somnium to do double the $501 million that was made in 2021

• The metaverse real estate is also expected to grow at a compound rate of 31% annually, between 2022 and 2028

Metaverse analytics firm Metametrics Solution has predicted that Real estate sales in the metaverse will reach $1 billion before the year runs out.

This comes after the four major metaverse platforms- Sandbox, Decentraland, Cryptovoxels, and Somnium made $501 million in metaverse sales for 2021. Together, these four platforms have a total of 268,645 parcels of land of various sizes.
Another analytic report by Brandessence Market Research has tipped the metaverse real estate market to grow at a compound rate of 31% from 2022 to 2028.

This is coming after several digital market experts have estimated the metaverse to be a multitrillion-dollar opportunity. Experts from investment bank giants Morgan Stanley and Goldman Sachs predicted that the market could rise as high as $8 trillion.
Following Meta’s (Facebook) decision to invest in the metaverse last year, many tech giants have seized the initiative and finding new ways for their firms to benefit from the digital space.

Only last week, Apple CEO Tim Cook disclosed that his company is investing in the metaverse after seeing a lot of potential in the digital world. Other companies to have shown interest in the metaverse are Microsoft, Walmart, and Nike.

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