We are witnessing a virtual earth boom in the metaverse. Since Facebook changed its name to META in late 2021, clearly focusing its business strategy on the metaverse, there has been an unprecedented increase in real estate sales in the metaverse. The metaverse is seen as one of the next big turning points in Web 3.0, destined to replace social media.

Major brands and some investors are rushing to acquire a piece of virtual real estate while it’s still affordable, but mostly so as not to miss out if the metaverse becomes popular in the next few years.

In December 2021, a shopping mall, called Metajuku, in The Sandbox metaverse was sold for over $4.3 million to Republic Realm. In the same month, PwC’s Hong Kong subsidiary bought a large virtual plot of land in The…