How Would the Economy of the Metaverse Work?

How Would the Economy of the Metaverse Work?

Show Notes

In the past few weeks, we’ve talked a lot about gaming, the big trends shaping this massive and growing industry, and how Metaverse fits into all of this... We’ve learned why Facebook changed their name to Meta, how Microsoft is uniquely placed to be a titan in this virtual experience through Xbox, and what the current representation of the Metaverse is.

But what do we at THC love about it??

There is a growing economy in the ‘verse and we’ve been building our understanding through the stories we share..

You can buy real estate beside snoop dogg, go to a concert with your friends and watch big artists perform, shop for Nike Shoes/NFT’s, and possibly even borrow money through the blockchain.

Today on Things Have Changed, we’re going to talk about ‘Metanomics’, or.. The Economics of the Metaverse.

Some Real Estate Numbers:

  • Sandbox transactions in 2021 were 65,000 and worth over $350M, according to the Centre for Finance, Technology and Entrepreneurship (CFTE).
  • Decentraland - bought $2.5M land in the fashion district
  • Republic Realm - November 2021, paid $4.3M for land in the world of Sandbox (Largest metaverse land purchase today)

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