The rise of metaverse technologies has created an increasing interest in virtual real estate, a report by research firm Technavio revealed. The metaverse real estate market is projected to grow by US$5.37 billion from 2021 to 2026, a compound annual growth rate of 61.74 per cent, with just over 40 per cent of the market’s growth originating from North America. The U.S. and Canada will be key markets for the metaverse real estate market in the region.
As the technology continues to grow in popularity, some companies are taking advantage of the opportunity to help organizations with their journey into the metaverse. For example, London-based Crypto House Capital, a virtual real estate firm, is currently building the first MetaReal residential skyscraper in the metaverse, along with developing spaces for brands looking to enter the metaverse.
“We’re building the bridge between real [life] and the metaverse. Our expertise comes from