Metavers: Why Companies Spend Millions on Buying Virtual Land

  • Theo Tzanidis
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The idea of ​​spending thousands or even millions of dollars to buy an imaginary “land” in a virtual world might seem absurd.

But in recent months, we’ve seen significant investments in a virtual land within the metaverse.

Consulting firm Price Waterhouse Coopers is among the latest to enter the real estate market Sandbox, one of the platforms in the virtual world where people can socialize, play games or go to concerts.

PricewaterhouseCoopers paid what would be a substantial sum, although the final amount has not been disclosed.

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