NEST SEEKERS TRENDS & INDICATORS

Market Report provided by Nest Seekers
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MARCH 2022| MARCH REPORT: SELLING THE METAVERSE| Erin Sykes, Chief Economist, Nest Seekers International ‘Real estate’ in the metaverse is valuable because it serves as store-fronts for real-world projects and brands and beta tests the potential of new ideas. It can be residential, commercial, advertising, boats, cars, planes or art. Pricing of metaverse real estate is still based on supply & demand (though scarcity is artificial and code-driven), usage, and location. Thus, land value in the metaverse will be determined by what owners do with a property; like designing a popular attraction, experience, or feature and also by visibility proximate to other attractive parcels. Watch here: youtu.be/dOA9eIlHfsw

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