Real Estate Coaching Radio

Today's podcast is part 4 of 4 (maybe 5) podcasts about the Metaverse and what it really means to the real estate industry, real estate agents, and our future.  8 - Can you own part of the Metaverse (like real estate)?  Yes. In fact, virtual metaverse-based 'land' is selling now. Remember, these are the early days.  Gambling on virtual land in a virtual world could leave you with virtually nothing. Please remember the legend about the man who was selling the Brooklyn Bridge.  Legend claimed that he sold it at least twice a week. He did sell it several times including at least once for $50,000! The new owner would discover he was the victim of a con when the New York police officers would stop the “new owners” from setting up toll booths in the middle of the bridge. That said, people are indeed using real money to buy 'land' in the metaverse. After the dust settles, there will be real transactions happening with real money being transferred for virtual land in which to build virtual buildings.  From CNBC: Sale