“Metaverse” is the latest buzzword to emerge from the realm of interactive technology. There is even a market for real estate in the metaverse, but considering its newness, where exactly it is going remains to be seen.
As the concept gains traction and grabs headlines, these are things commercial real estate needs to know:
The metaverse doesn’t have a precise definition, mainly because it doesn’t exist yet, but it is generally characterized as interconnected virtual communities, or worlds, that people can access via virtual reality headsets, augmented reality glasses, smartphone apps or other devices.
Users can go inside a world to meet other people, work or entertain themselves. In November, singer Justin Bieber put on a show in collaboration with virtual entertainment company Wave that allowed attendees to watch an avatar of him sing. Other entertainers, such as Ariana Grande, The Weeknd and Travis Scott, have done the same.
Click here to read the rest of the article written by Dees Stribling over at Bis Now
