In our real world, real estate is one of the most important investment asset class, with high appreciation potential over time. You hardly look into the investment portfolio of any high net worth individuals around the world without realizing that real estate has played an important part and a pivotal role in the development of this wealth. Real estate fever has begun to spread to the promised virtual world, which is the Metaverse.
If you don't know it, Metaverse is a virtual world that you enter through VR glasses and wander in a world parallel to our real world. Yes, you will do work, attend meetings, meet with your friends, and host weddings and birthdays through these magic glasses while you are in your place. This technology was adopted by the giant Facebook (formerly) dead (currently) and its applications began to see the light with time. In this world, you will take care of your virtual persona the same way you take care of yourself in real life. As in real life, you will buy clothes and accessories, you will shop, use cryptocurrencies, and even visit gaming cities of this world and enjoy a 360-degree experience. This technology also has a role in the health sector. The United Arab Emirates launched the first health platform that works in 3D virtual reality and provides a service that is unique to the Emirates Foundation for Health Services. At the global level, all members of the UAE community and its visitors have lived a unique experience by moving in the institutions and facilities of the Emirates Health Services Corporation.
In every real or virtual world, space has a value. When people go to a piece of land, the value of its real estate rises to meet the increasing demand. As in real life, you can buy, sell and rent real estate in this virtual world. Some international brands have started buying land in streets that are planned to target shoppers, to build on their virtual trade fairs that will undoubtedly exceed the capabilities of traditional electronic stores, where you will be able to preview the goods as if they are in front of you. Real estate is sold in specialized electronic stores that deal in specific types of digital currencies and don't accept others. The authentication is through non-fungible tokens (NFT) that are equivalent to deeds in the real world. It is not a myth, my friend, and it is not a game to withdraw money. The world is moving fast, and if you don't follow the technology constantly, you will be shocked by the rapid changes. I know that many of you before reading this article hadn't heard of Metaverse or NFTs, but it will soon form an important part of our lives.
My friend, it is bigger than Travian and The sims
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