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What Is Digital Real Estate? Examples And Investing – Zing! Blog by Quicken Loans

We spoke with Leonard Ang, CEO of iPropertyManagement, to understand his perspective of the future of digital real estate. Ang states, “Digital real estate has been around longer than people realize. We’ve seen similar hot ‘real estate’ markets around domain names in the late 1990s, as well as repeatedly in different MMORPGs like EverQuest and World of Warcraft8.”

Ang continues, “At times the in-game currency for some of these parcels has rivaled small nations and some U.S. states. Most of them have either faded in popularity or remain niche markets. History suggests that this will be the fate of the metaverse as well.”

So, what is digital real estate in the new and exciting Web 3.0? Digital real estate in the metaverse is still a new technology that leaves much to be explored, and maybe even capitalized on. If you decide to purchase a plot of land in the digital world, it’s still important to know the factors that make a good real estate purchase to maximize your return on investment.

If you’re still considering whether digital real estate is right for you, but you’re ready to make a real estate investment, contact a Home Loan Expert to speak with someone about your home goals.

Sources:

                                                                                                                                                                                               1, 2 CNBC 1, 2

                                                                                                                                                                                                             3 Grayscale

                                                                                                                                                                                                             4 Republic Realm

                                                                                                                                                                                                             5 Reuters

                                                                                                                                                                                                             6 Jasen Edwards, Agent Advice, direct communication

                                                                                                                                                                                                             7 Jeff Mains, Champion Leadership, direct communication

                                                                                                                                                                                                             8 Leonard Ang, iPropertyManagement, direct communication

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