The metaverse land boom: a 'gold rush' or a bubble about to burst?
How much would you spend to buy virtual land in the metaverse, a virtual world that runs in parallel with real life? In recent days, the land rush in the metaverse has been making headlines with a $4.3 million record high purchase of a plot of land in Sandbox, a blockchain-based decentralized metaverse developed by a US firm - the equivalent to the price of a luxury villa in Beijing's inner suburbs.