Metaverse: billions spent on plot grabbing

  • By Joe Tidy
  • cyber journalist

photo credit, Decentraland

Nearly $2 billion (1 trillion 344 billion 656 million FCFA) has been spent on virtual lands in the past 12 months, according to a study, as individuals and businesses race to find a foothold in the metaverse.

But it will be years before the metaverse emerges as a uniquely immersive online space where people can live, work and play in virtual reality. So is the land grab just a big gamble?

“Show my work”

With her giant dark red Mohican and permanent cigarette, artist Angie Thompson’s avatar doesn’t look like a typical land tycoon. But she is one of a growing number of people clamoring for new virtual worlds.

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