Is the real estate in the metaverse for real?

The metaverse has the potential to become a multi-trillion-dollar part of the world economy in the coming decades.

The total amount spent on virtual land in the metaverse has surpassed $700 million as the metaverse economy continues to show sustained growth. This shows how popular metaverse has become not just in terms of users, but also in terms of economic value.

Questions to be answered:

Can You Truly Own Anything in the Metaverse?

Is ownership in the Metaverse the same as ownership in the physical world?

Which laws and regulations apply in the Metaverse?

Interoperability and portability are defining features of the metaverse, meaning you should be able to carry your non-real-estate virtual property – your avatar, your digital art, your magic wand – from one virtual world to another.

But today’s virtual worlds are not connected to one another!

Let us debate.