Five years ago, tech angel investor Chris Adamo and a few friends jumped on a burgeoning trend in the digital asset world: they used a virtual real estate broker to buy 23 parcels of property in a metaverse called The Sandbox. He doesn’t remember exactly how much he spent, but it was around $200,000 for the whole group. The real estate, to be clear, consisted of pixelated parcels in “hip,” “trendy” virtual “neighborhoods,” an asset that crypto bros and Web3 enthusiasts like Adamo saw as the futu
They bought property in the metaverse. Then it collapsed
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This article was compiled by GlobalSell News from publicly available reporting and has been edited for clarity and length. For full details, read the original source.