Sandbox: Virtual Real Estate

Purchasing land or property is one of the most stressful life events. It becomes tricky due to high information asymmetry in the real estate market. Blockchain is supposed to solve this issue with the public on-chain data, but another issue arises: on-chain illiteracy. Thus, determining the value of virtual real estate is not much easier either. But that is not going to last for long, as metaverse aggregators and data analytics platforms such as Republic Realm, Meet Parcel, Metahood, Metaland, and WeMeta have already emerged.

This research piece takes an in-depth look into virtual real estate in The Sandbox metaverse. If you are unfamiliar with The Sandbox, you can read the previous primer.