Like the rest of the investing world, things have really slowed down when it comes to virtual land in the metaverse. This once-buzzy collection of 3D worlds has largely fallen out of the headlines, but it's hardly lost its appeal as a source of passive income.
Metaverse real estate prices now are sitting at or near a one-year low, depending on which platform you're looking at, creating amazing opportunities for entrepreneurial-minded investors to pick up some great deals. Although there's not a lot of money in buying and reselling land right now, there's ample opportunity as a metaverse landlord and developer.
Purchase prices in the metaverse have been depressed for months, even with a very limited inventory of available land. For example, in September, only 0.77% of the more than 97,000 properties in Decentraland (CRYPTO: MANA) were listed and sold, despite there being 1.48 buyers for land seller.
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Want Thousands in Monthly Passive Income? Consider This Metaverse Play