Want Thousands in Monthly Passive Income? Consider This Metaverse Play
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.
Source Fool.com
