Too Long; Didn't Read
The global Metaverse market size already stood at $47.7 billion in 2020, and that is expected to skyrocket to upwards of $828.9 billion by 2028. Facebook's rebranding as __[Meta] in 2021 served as a symbol of Big Tech’s recognition of the growing influence of the Metaverse, both in the present and the future. Virtual land sales topped $497.6 million in 2021, with that figure expected to double in 2022. In November 2021, Republic Realm, a digital real estate investment fund, purchased a parcel of land in Sandbox for a record.