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These platforms include Decentraland, Sandbox and Mirandus, among others.1 Current technology aims to develop these digital spaces into reflections of the real world, blurring the lines between physical and virtual reality.
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Think of the metaverse as a universe with several platforms making up the actual virtual planets. The metaverse is a mix of augmented virtual reality that operates with the help of blockchain functions such as nonfungible tokens (NFTs) and cryptocurrencies. In our next insight, we will address the issues virtual offices present in complying with the Americans with Disabilities Act (ADA). In this article, we introduce you to the metaverse and why many of the legal and investment concepts should be familiar to real estate investors.
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Now, virtual reality is introduced to the public, and it is presenting some opportunities for investors to receive a predicted high return on investment (ROI). Clearly, other escapes from reality are not enough, such as social media platforms and streaming services, for example. The metaverse is catching the eyes of all types of investors, including family offices. South Korea just invested US$177 million into the metaverse industry and big companies like Microsoft and Meta already made the plunge. More than half of family offices say their risk tolerance increased after the pandemic and the metaverse could be in their investment path soon.