The metaverse is a futuristic iteration of the internet, featuring a digital economy and immersive virtual environment along with other interactive features. This relatively nascent space has gained so much traction in recent years that conservative estimates suggest that by 2024, its total valuation could top $800 billion. Meta (the parent body behind Facebook and Instagram), Google, Microsoft, Nvidia, Nike, and others have made Fortune-100-sized metaverse splashes.

But with great valuations comes great scrutiny from increasingly tech-savvy financial regulators. Unlike traditional tech products, which often spend years putting growth before revenue, some metaverse projects impose questionable monetization schemes on their users before launching a live experience. Real estate metaverse…