Virtual reality was first known in the 1980s and in the following decade, the first virtual reality headsets for consumers were introduced by video game firms. Time over time, the word “virtual” or “virtual reality” invade our world in a such a fast pace that people are willing to pay millions of dollars to own a virtual property, namely virtual lands. Metaverse virtual lands have becoming hotter ever since celebrities embrace some of the lands can only be seen via screens. You might not imagine the world out there is crazed for such property when even big brands are owning ones. Let’s decode the phenomenon of virtual lands in metaverse.<h2>What is Metaverse virtual lands?</h2>Metaverse virtual lands are simply lands created on a metaverse platform. Newspapers and social media are talking about Sandbox Metaverse, Decentraland Metaverse as examples for popular platforms. On metaverse virtual lands, similarly to real estate, participants need to pay a certain amount of money in order to become a land owner, and which will cost you a considerable hole in your pocket. That’s why virtual lands’ prices on metaverse can mark a big question in your head when a land could be auctioned with over 100 million dollars.<h2>Real values of Metaverse virtual lands</h2>Virtual real estate and digital plots of land not only bring with them potentially limitless possibilities but are purchasable as NFTs. In this, the metaverse is providing a new way of participating firsthand in virtual reality while also yielding real-world benefits.Virtual land's value proposition is similar to that of real estate. People will pay a premium rent to reside near high-value properties because they are often close to shops and activities. Of course, the value of virtual land rises as communities grow and people become more involved in the metaverse. This possibility is one of the reasons why many people are skeptical of such an investment. The millions of dollars invested in virtual land are all a risk, but one that is well-founded.<img src="https://cdn.builder.news/news/11ecf2c5ce5a68afa8e6023f659fee92.jpg" alt="metaverse virtual lands" title="Metaverse virtual lands" width="600" height="400" class="lykafe0">We can list out famous names supporting metaverse virtual land seriously. Celebrities such as Snoop Dogg are buying land in order to get ahead of the game and enjoy their life in a bizarre way. Moreover, in the sphere of entertainment, we've seen artists like perform full-fledged performances by Snoop Dogg and Deadmau5 in the metaverse recently. On the other hand, world-renown fashion brands also showed great interest in metaverse digital lands, namely Gucci, LV, Nike… The value of metaverse virtual lands is also decided by people who own it. Following that, fans will be able to purchase metaverse properties close to their favorite celebrities for top cash. Those interested in virtual real estate investing are counting on their land increasing in value over time, which explains their enthusiasm for virtual land in general. If you're wondering why some people think the metaverse is the best investment opportunity, one of the reasons is land value appreciation.<h2>Why do people pay real money for an unreal property?</h2>It's similar to an investment approach in which people look for ways to make the most of their money. When the future is uncertain, movies have been depicting vituality for years, and virtual reality investors spend millions on virtual lands because they believe the future is digital. These companies anticipate tens of millions of consumers flocking to virtual homes and investing in virtual land for sale with the expectation of a potential return on investment. This strategy is quite similar to real estate investments in the real world, where investors purchase land in developing areas with the intention of selling it later when the value has improved.<img src="https://cdn.builder.news/news/11ecf2c5ce5a6f94a8e6023f659fee92.jpg" alt="metaverse virtual lands" title="Metaverse virtual lands" width="600" height="400" class="lykafe1">Furthermore, digital asset inventories are expected to surpass $1 trillion in the near future, according to a forecast by crypto asset manager Grayscale. As a result, investors desire to accumulate virtual land in the same way they do stocks and traditional real estate.For different point of view, if you are NFT traders, you will understand how an NFT can affect your wallet. When being called a property and be accepted by the majority of the mass, what you have will become increasingly valuable. The fact that your property is hardly anticipated in value will make it more intriguing to watch in the future. It is not easy to understand why things are expensive. However, if you integrate the subject into daily phenomena such as gas price, inflation rates, celebrities’ words…, a correlation can be found between them.Content by&nbsp;mi*****epena417@gmail.com	(Builder.news Writing Contest)<div class="pr-block-special">Disclaimer: This article is intended for and only to be used for reference purposes only. No such information provided constitutes advice or a recommendation that any investment or trading strategy is suitable for any specific name.</div>

Let's check out the answer for such an expensive unreal property, Metaverse virtual lands.

Is it hard to understand the value of Metaverse virtual lands?