Over the last year, it has become increasingly hard to afford real estate not only in the real world, but also in the virtual one, where large parcels of imaginary land in imaginary realms like Decentraland and the Sandbox now trade for millions of dollars. It was only a matter of time before someone starts offering financing for virtual real estate purchases. And now we have done it! Introducing our new Metaverse Mortgages.
We have just issued one of the first mortgages in the metaverse for a $45,000 parcel of Ersatz LAND in an entertainment district of Decentraland. A sign, surely, of things to come.
Image courtesy of Decentraland