Amidst the global lockdown due to the COVID-19 pandemic, the world realized that the future is digital. As people worked remotely and heavily relied on digital assets, most businesses conducted their routine commercial activities digitally.
The real estate sector is also transitioning into this digital world. Experienced buyers as well as sellers are showing interest in digital properties. It’s a concept where everything you see online are digital assets worth money. However, digital real estate is a concept where people can buy or sell virtual properties in the digital market.
Equity crowdfunding and blockchain are playing prominent roles in digitizing the real estate world. Crowdfunding has disrupted old rules and democratized investment opportunities. Similarly, blockchain ensures the security, clarity, and efficiency of transactions in the digital real estate market. Technologies like virtual and augmented reality are changing the way we will deal with the real estate market in the future.
Some companies, like Decentraland, are allowing investors to buy virtual land and invest in the metaverse. The adoption of non-fungible tokens (NFTs) and blockchain technologies will take the virtual real estate revolution to the next level.”
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