The Los Angeles real estate market is moving into the Metaverse, where anyone who buys certain homes in Beverly Hills can pay an extra $100,000 for a sister residence in the virtual world.
The Los Angeles real estate market is moving into the Metaverse, where anyone who buys certain homes in Beverly Hills can also buy a sister residence that's been built in the 3-D virtual world.
Rochelle Atlas Maiz has helped hundreds of buyers and sellers in the LA area find a home. Her latest offering is a 1928 Spanish style home that goes for the selling price of $9.4 million. "The person that buys this house can actually buy a house that's already built in the Metaverse, for $100,000." "There's a lot of interest in the Metaverse, actually. There's $4 billion that has been spent in the last year. So, it's very popular.
Emtiaz compared the concept to the internet and 1994, saying that Metaverse homes will only continue to grow in popularity. "We are looking at Gen Z, Millennials taking over. More than 85% of Gen Z and Millennials play video games. So, the virtual world is very familiar space to them." Maiz said that's perfectly fine and her Spanish style home in Beverly Hills can be purchased without the virtual home. Thanks for reading CBS NEWS.Please enter valid email address to continue
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Beverly Hills is always watching you with thousands of cameras. And the city isn’t doneThe number of surveillance cameras has doubled in recent years to roughly 2,000 across the city's 5.7-square-mile footprint, raising concerns among privacy rights advocates.
Read more »
Tree Falls on Power Lines, Cars and Apartment Building in Hollywood HillsA large tree toppled onto an apartment building full of sleeping people around 4:30 a.m., but no injuries have been reported.
Read more »
Mission Hills' White twins commit to playing basketball at CS Fullerton next seasonThere was interest from schools across the country but they wanted to stay closer to home
Read more »
Granada Hills Charter school crowned national academic decathlon champs second year in a rowGranada Hills Charter school in L.A. is celebrating after capturing its second straight national academic decathlon title. This year's competition focused on water topics.
Read more »
Granada Hills Charter Wins the US Academic Decathlon For The Second Year In A RowGranada Hills Charter won the U.S. Academic Decathlon for the second year in a row, marking the ninth time the North San Fernando Valley high school has won the academic title.
Read more »
Newly listed homes for sale in the Tucson areaBrowse through recently listed homes in the Tucson real estate market and find your next home!
Read more »