Metaverse: You can't walk on this land or build a house, but plots are still selling for thousands of pounds | Science & Tech News
Johnny McCamley has spent nearly £5,000 on plots of land. But he can't physically walk on this land - and he can't live there or build a house on it. That's because the 23-year-old's investment is in the metaverse, meaning his land is completely virtual and exists solely within a digital world. Mr McCamley, from Belfast, is one of many people who have decided to buy virtual property in the metaverse. Last year, transactions of virtual land reached $350m (£267m) in The Sandbox, the largest platform for digital property, according to a report by the Center for Finance, Technology and Entrepreneurship. A further $110m (£84.2m) worth of transactions were made in Decentraland, the second-largest metaverse platform. Image: The metaverse allows users to interact with others, play games, build art galleries and shops. Pic: Johnny McCamley What is the metaverse? The metaverse is not a single digital space. It's a network of ...