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Imagine that you wake up with the news that someone paid more than one million dollars for three digital land sites next to the famous digital mansion of rapper Snoop Dogg.You probably ask yourself: "What are digital real estate and why would someone pay for that?".During the year, there was a hurry for buying properties, art and land, but all this in a virtual world called metoverso.Although this world existed long before the pandemic, the blockages have taken the world online to a new level, calling the attention of private buyers and corridors who have begun to channel money towards this augmented reality.But how did this world come about, what does the future hold?And can anyone join this virtual reality?

These new platforms that house digital realities seem modern without classify.Except for this moment, there is much more money involved: these universes are built in block chains and are bought with their own cryptocurrencies.Not only has the opportunity to create an alter ego online, make friends, share unique works of art, but you can also buy and sell virtual items.While this new world feels a bit rebellious and full of such speculation, that has not prevented people from spending great sums of money.

Part of this frenzy began with the increase in the sale of non -fungible tokens or NFT.He arrived largely to the public eye when a piece was sold for almost 70 million dollars.As the digital real estate world began to take note, and The Mars House, a functional house designed by Krista Kim was sold by almost half a million dollars in March, investors began to build and sell their own imaginary properties.

As a comparison, the average price of a house in the United States at the time the Mars House was sold was more than 100.000 dollars less.Just a few months ago, Facebook announced that it would take its claim in metaverso, and even change your name to the goal to show your dedication to living in a new alternative reality.

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Now, even more, players have emerged in this field, such as Decentraland and Sandbox.These universes are doing more than serving as sites for the next development.They are also becoming worlds where people can attend virtual events such as concerts and fashion parades, places to buy clothes for avatars and even buy items that can be sent to our homes.Some people are proposing virtual suppliers where people can sell their own products, something like an ETSY store.The big brands have already been introduced into the business and Adidas has announced an important investment in recent weeks.Instead of creating completely new fake worlds, some are replicating cities and famous sites, such as New York City and Las Vegas, which allows users to buy a digital piece of a real world building.

But if you are not a millionaire, then metaverso is also for you, since most of these transactions have less than six figures.Most of the financing occurs when the land itself is purchased and then paid to a builder to design and embellish its spaces with all the comforts, finishes and ostentation that they do not have in their real homes.And if you can't pay everything at once, virtual banks offer virtual mortgages to help.

So what follows for the virtual world of NFT and real estate?Many claim that this is only the beginning and the beginning of how we use the next Iteration of the World Wide Web.New companies are even emerging to support these alternative realities, offering to manage digital assets, digital construction and digital wealth.When Justin Bieber held a concert earlier this month, millions of fans did not have to miss the tickets for physical places, since they could only tune in to see their virtual avatar sing their songs in the metaverso.In any case, this new world shows how our real lives and our digital lives will become more fluid and completely integrated than ever.

This article is part of the issue of the month in Archdily: Summary of the year.Every month we explore an in -depth topic through articles, interviews, news and works.Know more about our topics.And as always, in Archdaily we value the contributions of our readers.If you want to postulate an article or work, contact us.