Mostly confined to cyberpunk and tech forums prior to 2021, the ‘metaverse’ has since experienced breakout attention and entered the common vernacular.
Boasting a growing suite of extended reality hardware, game-like virtual worlds, a whole new asset class and the attention of the world’s most influential billionaires, the metaverse looks like more than a passing fad.
Will it achieve its promise of a fairer, more efficient and immersive experience of the internet or simply replicate the business-as-usual we have come to learn from big tech? What will all of this mean for the real estate sector which has been defined through the provision of physical space?