You may come across a plethora of terms related to real estate such as virtual real estate or digital real estate. After coming across the term digital real estate, you may think that digital real estate refers to digital platforms which deal with buying, selling, and renting properties. In fact, I also thought the first time I heard the term. But later I realised that I was totally wrong. Let me share with you what is digital real estate.
Buy/Rent properties on NoBroker avoid brokerage fees Digital real estate meaning:Real estate in classic thinking is a property where you can invest, a place where people would want to live. Be it commercial traffic, residential housing, or agricultural land, real estate includes some type of market opportunities involving the physical presence of human beings.
In the digital era, the concept of real estate is a bit confusing. Properties can be of different forms. You can be an owner of a plot in the virtual world or a ‘seat’ at a virtual concert venue. This digital world is not only limited to Virtual Reality or the Metaverse. Digital property can be a shop or a map in Fortnite or even a special conference room.
In the world of digital real estate properties can take different forms, where you have unlimited properties. Digital real estate is different from the classic economic supply model since there is a finite amount of land on earth and in its virtual world, you can have an infinite amount of land. I hope you have a clear idea of digital real estate now.
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Authors Of The Question
What is digital real estate?
Mitali
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2022-10-31T21:51:27+00:00 2022-10-31T21:51:29+00:00Comment
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