The Age of the Metaverse
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Metaverse: why there are companies that are spending millions buying virtual land.
The idea of spending thousands or even millions of dollars to buy a fictional "land" in a virtual world may sound absurd.
But in recent months we have seen significant investment in virtual land within the metaverse.
Consulting firm Price Waterhouse Coopers is among the latest firms to enter The Sandbox real estate market, one of the virtual world platforms where people can socialize, play games or go to concerts.
PwC paid a sum that could be considerable, although the final amount was not disclosed.