The land that doesn’t exist. 

Welcome to the Know the Difference Minute 

Real estate in the Metaverse is hot. $500 million last year, it could hit $1 billion this year. There are four major Metaverse platforms, and you can buy property in them. But would you? 

Metaverse developers plan on creating virtual storefronts, attractions, and events. Highest price so far, $4.3 million. That property will be developed into islands with villas, boats, and   jet skis. Islands that sold for $15,000 are being flipped for 100k.  

When all is said and done, this is about marketing to a younger digital audience and a big reason Facebook rebranded to Meta and is sinking in a TON of capital. 

Pyramid scheme or the future? Someone has to answer the question how to assign value and risk to an asset with artificial scarcity and that exists only in the Metaverse. 

I’m Dave Spano from Annex Wealth Management.  That is your Know the Difference Minute.