Blockchain Metaverse Is The Future- Best Guide To Digital Transformation In 2022

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The last year we all witnessed Metaverse is the future to go from the idea of imagination to tech reality. Blockchain Metaverse is the future: Though it is not a new term, however, it gained popularity and became mainstream after Facebook rebranded itself to Meta Platforms Inc. (also recognized as Meta).

in October 2021 to go beyond social media and unlock the new world of the internet. Since then, Metaverse – the convergence of the physical world with virtual and augmented reality has picked up the pace to create disruptions in different economic sectors across the globe in the future. There is no denial of the fact that the Metaverse has captivated the public’s imagination. Despite it being still at a nascent stage, Blockchain is playing a crucial role in the development of a digital economy in the future. 

The blockchain that enables the use of cryptocurrency and NFTs (Non-Fungible Tokens) proves to be useful in the ownership and collectability of digitized currencies, value transfer, governance, accessibility, and interoperability. Considering its limitless capabilities, metaverse will provide ample opportunities for businesses of all sizes, thereby, accelerating the growth of major economic sectors including the Real Estate future.

According to an international market research report – the size of the global metaverse real estate market is expected to grow at a CAGR of 31.2% from 2022-to 2028. Further, the inclination of investors toward the ownership of NFTs is skyrocketing with the emergence of new trends, thereby, augmenting the growth of the real estate market in the future. 

Metaverse has gained sudden popularity in the real estate market as investors, crypto influencers, and owners from across the globe are willing to pay a huge amount to experience the ‘next tech-enabled chapter of the sector’. 

Blockchain Metaverse Is The Future Digital Transformation In 2022:

Metaverse Platforms’ Emergence

In the last months of 2021 normal people were perplexed to understand the concept of a metaverse in real estate. 

But at that time, highly advanced Blockchain or crypto influencers were setting up their metaverse platform to own, build, develop and stake virtual real estate as NFTs. Metaverse marketplaces combine the capabilities of virtual reality, Blockchain, and NFT technology to create a virtual space and sell it as NFT to buyers in the future.

For instance, a virtual mall built on Blockchain technology networks where users can buy a commercial space as virtual real estate and earn money by leasing, staking, advertising, and developing it to deliver an immersive experience to visitors via VR technology. 

Each metaverse marketplace is recognized for its unique spaces. The real estate metaverse platforms can feature commercial properties, shops, showrooms, spaces for business interactions, gaming zones, art galleries, etc as NFTs. This provides a sense of ownership to virtual property owners and provides them create a passive source of income in the future. 

Real Estate Agents in the Metaverse

Though metaverse is quite new to the real estate market, emerging trends like metaverse real estate agents are going to fill the market gap.

Real Estate Agents in the Metaverse

Metaverse real estate agents are not the easiest people to come by. However, they can be found on professional networks. Potential investors can rely on these agents in finding the right metaverse project/ space.

It is not necessary that these real estate agents will have experience in the physical real estate market but they must have a significant interest and knowledge in metaverse before helping the clients in the future. 

A metaverse real estate agent can help the investor, buyer, or renter with valuable virtual space. Just like in the physical real estate world the investors purchase the property based on different factors, similarly, metaverse real estate agents help investors with an ideal property available in a prime location, in business districts, roads, etc. 

The Increase in Skilled Talent Recruitment

The advent of a metaverse in real estate has opened a multitude of avenues of employment. 

The Increase in Skilled Talent Recruitment

Metaverse platforms are conducting massive recruitment drives to hire specialists from Silicon Valley including big technology giants. Further, people with significant experience and interest in VR and AR technologies are also leveraging new job opportunities created in the metaverse of real estate. 

Metaverse platforms are offering prominent positions to tech talent. Many of them are occupying front-row seats in gaming metaverse, real estate metaverse, and tech giants’ own metaverse in the future. 

What’s next?

Metaverse is pushing the boundaries of innovation. The use of VR and AR in metaverse platforms will result in an immersive experience that will expedite the adoption process for new-age real estate investors. Furthermore, the prices of the real estate sector in the metaverse are going to hit the roof after its regulation in the country in the future. 

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