Have you heard of the Metaverse?
The Metaverse is now not only being recognized as a concept for gaming, gatherings, social and professional networking, entertainment, and conferences, but also for real estate and land that has been created by developers, which is currently being staked out by many investors, celebrities and crypto lovers. Celebrities like Snoop Dogg and Paris Hilton have bought into his concept amongst others as Metaverse real estate sales topped $500M last year and are expected to double this year in 2022. Investing in Metaverse real estate is highly speculative and carries many risk. Some experts have deemed this alternate real estate market to be a "bubble" with no ties to reality. Still, many technology and crypto investors are exploring this unconventional asset class and hope to be first movers in the space. Venice Beach and Culver City appear to be a hub for these kinds of Metaverse real estate related conversations. Jagger Real Estate has had several clients who bought properties in the Beach Cities also supplement their real estate holdings with Metaverse real estate land.
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