As the cryptocurrency winter continues to throw ice on the flames of once-hot cryptocurrency markets, it's easy to start wondering what the future of non-fungible tokens like virtual real estate is. Sales activity is down right now and it appears that many owners are in buy-and-hold mode.
However, this wait-and-see attitude that has blanketed the markets in a thick layer of snow has also produced a great deal of opportunity for anyone with a long-term view of the real estate metaverse. Two new reports have come out addressing the growth of the metaverse over time, and they both agree: It will be a long and hot summer for investors entering during the bear market.
Long-term growth potential forecasts across all sectors
McKinsey & Company has brought out some pretty interesting results for future owners of metaverses in places like Decentraland (quotation MANA). For example, among respondents, 57% of metaverse-aware companies say they have become early adopters. Customers are also interested in this space: 59% said they are excited to move their daily activities to the metaverse.
For virtual property owners, this means that more businesses are looking for space, be it a billboard, a shop window or something more interesting, because they are coming and also users looking for new ways to interact with their brands. favorites, both large and small. It is already and will continue to be a great opportunity for metaverse owners and developers to put their properties to good use and gain a steady stream of income, especially in Decentraland, where users come and go every day.
McKinsey's predictions include a prediction that the metaverse could reach a valuation of $ 5.000 trillion by 2030. McKinsey noted that, at the time of the report's release in June, investments in the metaverse have already doubled this year. to 2021, despite massive land sales that set all kinds of records last fall and winter.
The metaverse as a percentage of the global economy
DBS Bank Limited, the largest bank in Southeast Asia, also released a rather impressive and upbeat report, around the same time as McKinsey. Among the numerous published results, there is the forecast that the metaverse market will be worth between 3.000 and 11.000 billion dollars by 2030.
DBS goes on to explain that it predicts that the metaverse will represent 10% to 40% of the digital economy and 3% to 10% of the total global economy, which is between UK GDP (at the low end) and GDP. combined of the UK, Italy, Spain and Germany (at the high end).
The "Buy low" has never been so full of potential
While the real estate metaverse has taken a hit along with the rest of the cryptocurrency world, it's by no means out of the question. Indeed, it is time to enter, if you manage to get a virtual lot. Many worried virtual landlords hold onto their investments, but there are still virtual properties to buy if you search carefully.
Decentraland, The Sandbox and Otherside of the Bored Ape Yacht Club feature numerous virtual lots that are ready to be in the right place at the right time as the cryptocurrency winter recedes. You can buy one of these lots through an exchange like OpenSea, where you can review lots head-to-head, or through the markets on the platform of your choice.
Remember that when buying real estate in the metaverse, the goal is to do something to add value and utility, thereby increasing your chances of renting the lot to someone at a profit, and therefore increasing the value of the world you bought into by investing in the community. .