What does buying land in the metaverse mean?

Time and again, you would have heard about the concept of the metaverse, and how it is a replica of the physical world. One key aspect that draws a direct parallel between the real and virtual worlds is the aspect of buying land. However, in the real world, land is a finite resource – while technically, in the virtual world, any amount of ‘space’ can be developed, built and used at any point of time. What, then, is the significance of buying ‘land’ in the metaverse – and why are companies doing this? TechCircle explains.

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