Republic Real Estate Launches Virtual Land Fund

Yesterday, we posted a CNBC video where Janine Yorio discussed with the host the merits of investing in virtual land. Yorio, head of Republic Real Estate was featured in two mainstream articles on Bloomberg last week and Motley Fool today talking about the creation of a $25,000 minimum invite-only fund that will focus on virtual land.

"Jeremy Linden's Discovering Virtual Land" by inacentaurdump is licensed with CC BY 2.0.


According to the Bloomberg article, "the venture plans to purchase parcels across several online “metaverses” and develop them into virtual hotels, stores and other uses, with the goal of increasing their value among cryptocurrency enthusiasts." Why virtual land? The Bloomberg article explained:


This year through March 15, the average price paid per parcel in Decentraland was $2,703 -- more than triple what it was in 2020, according to NonFungible.com, which tracks the sales. Land prices quadrupled in the metaverse called Cryptovoxels, from $821 a parcel last year to $3,895 in the first two and half months of 2021.


While there is still no mention of Earth2.io or Earth2 in any of these mainstream videos or publications, it's only a matter of time before those looking into virtual land wake up and smell the coffee. As Yorio said in the Bloomberg article:


Buying land today in virtual worlds may end up feeling a lot like buying land in Manhattan in the 1750s. There is massive growth ahead, and now is the time to get in on the ground floor.

"Wake up and smell the coffee!" by Anamika Singh - The Memory Keeper is licensed with CC BY-NC-ND 2.0.


References:


Bloomberg.com - Virtual Land Prices are Booming, and Now There's a Fund For That

Fool.com - Republic is Launching a Fund for Virtual Real Estate

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