Would you pay $450,000 for a plot of Virtual land? 

This is another amazing article from Scott Galloway on the state of Real Estate, here are a few of his observations:

• Fifty years ago, the average home cost two years of the average American household’s income. Today it costs four.

• Virtual real estate sales exceeded $500 million in 2021. Analysts project that number will double in 2022. A plot of land on Sandbox was recently purchased for $450,000, as it meant … being meta-neighbors with Snoop Dogg.

• Similar to crypto, virtual real estate will be awash in pump-and-dumps and artificial inflation. 

• The most expensive art sale in history was a $532 million NFT that the owner sold to … themself

To put all these in context read the full article here…

This article is published on:https://www.profgalloway.com/unreal-estate/