Source: CNBC TV —
Metaverse is a step towards the digitalisation of the real world through a combination of augmented reality (AR), virtual reality (VR), and video. The virtual universe allows users to work, play and stay connected with friends in the virtual world through their digital avatars. From holding a conference to taking a trip around the virtual world, there are plenty of things to do in the metaverse.
But what seems to be catching investors’ fancy is real estate. The number of property deals in the metaverse has been making headlines with record million-dollar transactions reported every other week.
To buy property in the virtual world, you need to sign up with a metaverse platform, like Decentraland, The Sandbox, Axie Infinity, among others. All you need to transact in the metaverse is a well-funded digital wallet. You can convert your dollars to cryptocurrencies like ether or native currencies of the metaverse you are dealing in like MANA or Sandbox and store them in your digital wallet.
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