Business

Metaverse: how the multi-billion dollar business of buying and selling land works in the virtual world

  • Joe Tidy
  • BBC News cybersecurity reporter

An avatar in Decentraland.

image source, Decentraland

Caption,

An avatar in Decentraland.

That’s what has been invested in buying virtual land in the last 12 months, as people and businesses compete to establish themselves in the metaverseresearch shows.

But we are years away from the metaverse emerging as a single immersive online space where people can live, work and play in virtual reality.

Then, Is buying virtual land a big bet?

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