The Los Angeles real estate market is moving into the Metaverse, where anyone who buys certain homes in Beverly Hills can pay an extra $100,000 for a sister residence in the virtual world.
The Los Angeles real estate market is moving into the Metaverse, where anyone who buys certain homes in Beverly Hills can also buy a sister residence that's been built in the 3-D virtual world.
Rochelle Atlas Maiz has helped hundreds of buyers and sellers in the LA area find a home. Her latest offering is a 1928 Spanish style home that goes for the selling price of $9.4 million. "The person that buys this house can actually buy a house that's already built in the Metaverse, for $100,000." "There's a lot of interest in the Metaverse, actually. There's $4 billion that has been spent in the last year. So, it's very popular.
Emtiaz compared the concept to the internet and 1994, saying that Metaverse homes will only continue to grow in popularity. "We are looking at Gen Z, Millennials taking over. More than 85% of Gen Z and Millennials play video games. So, the virtual world is very familiar space to them." Maiz said that's perfectly fine and her Spanish style home in Beverly Hills can be purchased without the virtual home. Thanks for reading CBS NEWS.Please enter valid email address to continue
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