People are paying insane amounts of real money for virtual real estate.
The future is once again knocking on our doors, and this time it comes in the form of virtual real estate.
Virtual real estate has finally become a thing, and people are forking out thousands on virtual pieces of land.
Imagine owning high-demand real estate. You can picture it to be however you want it to be: pristine, untouched, and spacious.
A plot of land that you can call your own. A couple of thousand square feet of untouched soil, trees and all, where you can let your imagination run wild.
Augmented reality-based apps like OVR, makes it possible for users provided with a mobile device or smart glasses to live interactive augmented reality experiences customized in the real world. A world with limited land that can be owned, build on or even rent.
A dream come true, right? Well, sort of. This is “virtual real estate”, and this quick overview should give you an idea as to why real estate agents and investors are going crazy over it. Don´t worry, there´s more to come.
Ray Kurzweil has predicted that, in a matter of years, physical workplaces will be a thing of the past, replaced by virtual ones. By 2020, augmented reality is predicted to rake in an estimated $162 billion in revenue. So, naturally, if there’s real estate to be had (even if it’s virtual), people will pop up to buy and sell it.
During this article, we´ll give you more reasons as to why real estate investors and agents are going crazy over virtual lands, the opportunities and how you can get involved.
All this innovation is powered by augmented reality and blockchain, and OVR is unleashing the full potential of virtual real estate, by allowing investors and agents to start building and monetize what could be become a real estate empire.