Billionaire investor Mark Cuban says buying virtual land on metaverse platforms is “the dumbest s— ever.” But some companies have spent millions on plots.
In some cases, virtual real estate went for as much as a physical house. Republic Realm, an investment firm that owns and develops virtual real estate, dropped a massive $4.3 million on a digital property located within The Sandbox, one of the largest metaverse platforms,A virtual plot next to Snoop Dogg's digital mansion within The Sandbox was purchased for $450,000 by an NFT collector who goes by the name"P-Ape" in 2021.
Given the unpredictable nature of the metaverse and cryptocurrency, financial advisors recommend only investing as much money as you're prepared to lose. There are no guarantees that you'll earn a profit from your investment.It’s easier than ever to buy crypto with a credit card—but here’s what to know first