As Virtual Real Estate Gets More Expensive, Virtual Mortgages Become A Thing!
Ellen Britt for CNT #NFT The price of virtual real estate is getting more pricey by the minute. Virtual land parcels on some of the bigger metaverse platforms such as Decentraland, and the Sandbox are selling for hundreds of thousands and even millions. Play in the Sandbox with Snoop Dogg! The first week in December, a virtual parcel next to Snoop Dogg’s mansion in the Sandbox sold for a cool $450K in Ethereum (ETH). Metametric Solutions, a metaverse analytics firm, projects virtual real estate sales to reach an eye-popping $1 billion this year. Enter the virtual mortgage business. Terrazero Technologies A…