Premium pricing for Metaverse virtual real estate has maintained its value amid the cryptoworld breakdown. Predictions are now commonplace among crypto crowds. One prediction will be marked as values maintain price stability.
Metaverse real estate will continue its pattern of growth, with USA & Canada playing an integral role on various platforms. Off the beaten down path of current happenings, included are some positive distractions from the current fiasco.
Decentraland and The Sandbox are Taking over the Cryptocurrency Market in 2022.
Decentraland (MANA), the Sandbox (SAND), and Parody Coin (PARO) are three cryptocurrencies that could help in delivering good returns for your crypto portfolio. If you are looking to upgrade your portfolio, consider adding these three coins as they have shown signs of potential consolidation. The Parody Coin is currently available through a presale period and it looks as though you can add it to your crypto portfolio for the long term. Read on to find out more about these three coins and why they could be interesting additions to your portfolio in 2022.
Megacube 2 Launches on Decentraland
The Decentraland ecosystem received another new game with Megacube 2 launching on the MANA network. MegaCube is a new game that involves a gigantic cube containing smaller cubes that have to be mined individually until the core is reached.
The first player who manages to mine the last cube gets at least 1 reward from every Sponsor. Megacube 2 features 100 Layers each representing NFTs. Users can earn exciting rewards in the form of NFTs and other tokens. The MANA Token might witness a price spike as its ecosystem expands with more interesting projects seeking to launch on its platform.
Market Drivers of the Global Metaverse Platforms
The metaverse real estate market size is expected to grow by USD 5.37 billion from 2021 to 2026. However, the growth momentum of the market will decelerate at a CAGR of 61.74% during the forecast period. A majority of the market growth will come from the enterprise end-user segment.
Read the report with TOC on “Metaverse Real Estate Market Analysis Report by End-user (Enterprises and Individuals) and Geography (North America, Europe, APAC, South America, and Middle East and Africa) Forecasts,2022-2026″. View our Report Snapshot
The growing popularity of mixed reality and cryptocurrency is driving the growth of the global metaverse in real estate market. The evolution of VR into a more mixed reality creates readability in virtual spaces by decoding tags and annotations.
People who access metaverse platforms can buy, sell, or lease the real estate land. In addition, the growing application of cryptocurrencies such as NFT, bitcoin, and Litecoin in purchasing digital assets is generating an interest among end-users, especially enterprises. Such cryptocurrencies offer higher accessibility to the virtual real estate sector. Buyers can instantly visit metaverse virtual plots to purchase virtually instead of visiting a physical site.
Therefore, such factors are expected to drive the demand for metaverse real estate during the forecast period.
Major Metaverse Real Estate Companies
- Axie Infinity
- Cryptovoxels
- Decentraland Foundation
- Linden Lab
- ShibaLand LLC
- Somnium Space LTD.
- SuperWorld Inc.
- TandB Media Global Thailand Co. LTD.
- The Sandbox
- The Voxel Agents
- Tokens.com
- Uplandme Inc.
Metaverse Real Estate Market End-user Outlook
(Revenue, USD $B, 2021-2026)
- Enterprises – size and forecast 2021-2026
- Individuals – size and forecast 2021-2026
Metaverse Real Estate Market Geography Outlook
(Revenue, USD $B, 2021-2026)
- North America – size and forecast 2021-2026
- Europe – size and forecast 2021-2026
- APAC – size and forecast 2021-2026
- South America – size and forecast 2021-2026
- Middle East and Africa – size and forecast 2021-2026
Regional Analysis: US & Canada are Key Among Big Brands
North America will account for 41% of the market’s growth during the forecast period. The rising adoption of technologically advanced applications among consumers and a growing number of big brands purchasing virtual lands will drive the metaverse real estate market growth in North America during the forecast period.
Moreover, market growth in this region will be faster than the growth of the market in South America and MEA. The US and Canada are the key countries for the metaverse market in real estate in North America.
Revenue-generating End-user Segment
The enterprises segment will have significant market share growth during the forecast period. The metaverse real estate market has started to grow significantly, with an increase in the number of large enterprises such as Nike, Facebook, and Microsoft entering the virtual world. The advent of Web 3.0 is another major factor that will drive the growth of the enterprise end-user segment.
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Metaverse Real Estate Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 61.74% |
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Market growth 2022-2026 |
USD 5.37 billion |
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Market structure |
Concentrated |
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YoY growth (%) |
90.74 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 41% |
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Key consumer countries |
US, Canada, China, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Axie Infinity, Cryptovoxels, Decentraland Foundation, Linden Lab, ShibaLand LLC, Somnium Space LTD., SuperWorld Inc., TandB Media Global Thailand Co. LTD., The Sandbox, The Voxel Agents, Tokens.com, and Uplandme Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Decentraland Virtual Plots Selling for Premium
Two plots recently sold in Decentraland as the cryptoworld tried to apply the brakes to this runaway freight train of losses.
The following plots garnered some attention among the chaos.
NFT LAND plot in decentraland just sold for $19,629, which is 5.99x the current floor price of 1.51790221 Ethereum ETH/USD ($19,629 USD).
Decentraland LAND NFT just sold for $29,870, which is 9.12x the current floor price of 1.51790221 Ethereum ETH/USD ($29,870 USD).
Although MANA has slid below $1.00 to about .72 cents, virtual real estate is holding up to premium pricing. What comes next is anyone’s guess.
Distraction from Current Turmoil 
Let’s look at some news from Metaverse fashion icons in the virtual world.
Some say we are already in the metaverse. The Covid-19 pandemic has ushered in the era of a digital universe where we meet over Zoom, shop online and care more about our online social media extensions of ourselves than the physical world.
The metaverse is creating its own world of opportunity through an immersive virtual reality one in which we can work, play and of course shop.
The fashion industry is welcoming virtual clothing with luxury fashion brands like Burberry, Gucci and Balenciaga joining forces with top video game designers to launch digital collections for individualizing people’s avatars in the metaverse.
Just as the runway is filled with over-the-top and outlandish creations, the metaverse can be a place where anything is possible to wear.
People can be as weird and wild as they want to be. Digital fashion serves the need for endless self-expression without harming the environment or producing any waste.
Digital Fashion is Sustainable Fashion
Top name influencers have caused millions of people to purchase outfits to appear digitally online. Virtual clothes can provide that clout without polluting the environment with shipping, returns and possibly throwing away the garment after only a few wears to end up in a landfill. Digital fashion is environmentally friendly as it is zero-waste and carbon neutral.
Another use case of digital fashion allows consumers to virtually try on articles of clothing in a digital showroom before purchasing their physical item.
The application will drastically reduce the rate of online shopping returns, which are currently creating five billion pounds of landfill waste every year.
Metaverse Fashion Week (MVFW) Huge Success
This past March, the first-ever digital fashion week took place in Decentraland, a decentralized virtual social platform built on Ethereum. Brands like Dolce & Gabbana and Hèrmes Birkin bags have embraced the metaverse by opening digital boutiques for users to show off their status. Forever 21 recently debuted their collection of wearables for the metaverse. Estée Lauder’s wearable gave avatars a golden glow with their ‘Little Brown Bottle’ serum and was a massive hit with virtual attendees.
Gucci’s First Digital Sneaker
In 2021, Gucci released its first digital sneaker the Gucci Virtual 25 to be ‘worn’ on social media or in augmented reality (AR) for the low price of $9 to $12 quite a bargain when their physical sneakers retail for upwards of $1,000. Like a filter, these shoes will appear in an app where users will unlock access to take pictures of themselves wearing them to share online.
Unlike an NFT, these virtual garments do not belong to the buyer through a blockchain certificate of ownership. Still, purchasers are permitted to access or wear the shoes.
This digital sneaker is not Gucci’s first virtual garment, with previous virtual wearables designed for Sims 4 and Pokémon GO. Gucci is also working on allowing shoppers to try on real-life sneakers through their branded app virtually.
NFT Hoodie Sells for $26,000
The self-proclaimed and prophetically-named world’s first NFT fashion brand ‘Overpriced’ sold the most expensive hoodie ever at auction for $26,000. The artists, whose motto is ‘F*ck your money,’ created a physical hoodie with a scannable QR code to display the NFT, cost and authenticate with proof of ownership.
The actual value of the garment is in the digital token, essentially purchasing wearable art. This exorbitant hoodie is a prime example of how the decentralized virtual space of the metaverse is disrupting the industry and allowing smaller, lesser-known fashion brands to compete with the big names in this leveled playing field of digital fashion.
High fashion is capitalizing on this popular trend of virtual assets in the metaverse with predictions of a large percentage of fashion brands’ revenue coming from digital product
within the next five to 10 years. Geared toward Generation Z, these younger consumers are already advocates of sustainable fashion and have a high propensity for self-expression via social media.
In the age of the influencer (with some being avatars themselves, such as Miquela Sousa), people are already showing off online, so the transition is relatively minuscule to using digital fashion as a means of proving clout and status to the world at large.
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