Virtual real estate

Virtual real estate uses non-fungible tokens (NFTs) to back asset details on the blockchain. These plots are essentially non-existent in the real world, although they find a place in a metaverse application. With Web3 adoption speeding up, metaverses have seen profound interest as brands and celebrities launch their Web3 ventures on these platforms. Such activity leads to virtual real estate sales on platforms like Decentraland, The Sandbox, and Somnium Space shooting up. One can invest in these tokens as metaverse adoption is predicted to increase in 2023-24, and plot holders can benefit immensely from renting them to Wb3 enterprises.