What is Metacostem Real Estate

Real estate, in real-world industry, refers to property made up of land and buildings, and has historically proven to be a long-standing booming market – depending on location, political and economic landscape. In reality, land has long been regarded as the most important factor of production, for example, in China, it is often used to restrict the supply of land to macro-regulate the growth of housing prices. In these metaverseic worlds, which are still in the early stages of development, virtual lands have also begun to be concerned and "hyped".

Metacostem Real Estate is very similar to real estate in the real world, allowing users to create, invest, own, lease, sell or buy services, whether it is to accommodate a business, establish a social space to host events, etc. Geographical location and supporting facilities have become some factors affecting the price of meta-universe real estate. At the same time, unique selection logics arise due to differences in the actual environment and conditions in each metaverse.

In reality, people may not be satisfied, people begin to seek development in the virtual world, and more and more people explore the digital world, achieving spiritual satisfaction and self-worth in the metaverse. In larger urban areas, some find themselves crowded out by increasingly high real estate costs – but now many are turning to the digital world, where real estate is booming as people buy land and property in the virtual world. At the venue of the 2021 Taobao Maker Festival held in Shanghai from July 19 to 25, a post-95 couple bought a digital property to prepare for marriage.