It’s no secret that investors are spending millions on metaverse real estate. But one must wonder if these investments are based on a fad.
While there has always been speculative interest in metaverse properties, since projects like Decentraland launched, interest shot up upon Facebook’s name change to Meta. The social media entity has certainly faced some controversy, but there’s no denying its potential easy access to metaverse content with its consumer-priced Oculus VR headset.