Metaverse: why corporations are spending tens of millions shopping for digital land

  • Theo Tzanidis
  • The Conversation *

A man with virtual reality glasses.

Image supply, Getty Images

The thought of ​​spending 1000’s and even tens of millions of {dollars} to purchase a fictional “land” in a digital world could sound absurd.

But in latest months we’ve got seen vital investments in digital land throughout the metaverse.

The consulting agency Price Waterhouse Coopers is among the many final corporations in enter the actual property market of The Sandbox, one of many digital world platforms the place individuals can socialize, play video games or go to live shows.

PwC paid an quantity that could possibly be appreciable, though the ultimate quantity was not disclosed.

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