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Real Estate
Metaverse Scarcity Isn’t Real
Because scarcity in the metaverse is arbitrary and artificial, the values created with virtual real estate and NFTs are not the same as in the physical world, argues EY’s Paul Brody.
The Sandbox Co-founder on Future of Virtual Real Estate as PwC HK Buys Plot of LAND NFT
PwC Hong Kong, a subsidiary of consulting firm PricewaterhouseCoopers (PwC), has acquired a plot of LAND on Animoca-owned metaverse The Sandbox. The Sandbox co-founder and COO Sebastien Borget shares insights into the sale and what it means for the future of virtual real estate. Is 2022 the year of the metaverse?
New Year’s Eve Party Comes to the Metaverse as Times Square Building Owner Enters Decentraland
Real estate firm Jamestown snatched up 170 parcels and is hosting a virtual New Year’s party concurrently with its meatspace counterpart.
Animoca Brands Backs Upland’s Real Estate-Based Metaverse With $18M Raise
The property game is home to more than 100,000 landowners across 13 virtual cities.
US Mortgage Lender UWM Plans to Accept Bitcoin Payments
The Michigan-based company hopes to become the first nationwide mortgage lender to accept cryptocurrency.
Tokenization May Make Real Estate Investment Easier: Report
Moore Intelligence sees the tokenization of documents leading to more efficient and cheaper transactions.
New York City to Explore Blockchain for Preventing Deed Fraud in Land Sales
The city's finance department will work with Medici Land Governance on a proof of concept blockchain for land records.
US Luxury Penthouse Sells for Record-Breaking $22.5M in Crypto
As per confidentiality agreements, the buyer and the type of cryptocurrency used to make the purchase have not been revealed.
Real Estate NFTs are Here
TechCrunch founder Michael Arrington is selling his apartment in Kyiv, Ukraine, as an NFT. "The Hash" panel discusses what tokenized deeds mean for the future of the NFT market.
