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Could metaverse be the next real estate frontier?

The most sceptical see it as a technological fad, the uninitiated as a simple video game. Yet a McKinsey report published last June suggested that the sector could generate up to $5,000 billion by 2030. No, the metaverse is not just a particularly elaborate version of The Sims. And its impact on the world of real estate could be significant, according to the white paper 2050: immersive technologies at the service of real estate, published by the consultancy BearingPoint.

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Although venture capital and private equity investors are pouring colossal sums of money into the sector - $13bn by 2021 according to McKinsey - (...)

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