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What is ‘Virtual Real Estate’ in the Metaverse?

3-Part Guide to a Digital Frontier's Possible Implications on Commercial Real Estate

Millennium Hotels and Resorts says it has opened the first-ever hospitality asset in the metaverse. (CoStar)
Millennium Hotels and Resorts says it has opened the first-ever hospitality asset in the metaverse. (CoStar)

As we've always known them so far, real estate deals have been about conveying rights to brick-and-mortar buildings and the finite ground they occupy on this big rock spinning around the sun. Humans live, shop, work and play in places shaped by a system of real property rights to very real properties.

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