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Home / News and Insights / Press / Real estate, the Metaverse and the family office

In an article for the GFOC Journal, Partner in our private real estate team, Lorna du Sautoy, explains why family offices should be looking to the Metaverse and Web3 technology for investment opportunities.

She also cites location, due diligence, and lack of regulation as important factors to consider when looking to invest in the technology sector, and notes the following in relation to real estate:

‘The major players in the Metaverse economy at present are Decentraland and The Sandbox. When Decentraland held its first land auction in 2017, a parcel of land cost a mere $20; by 2021 these parcels sold for an average of over $6,000. There is also a thriving third-party resellers’ market. Platforms like Open Sea and Nonfungible.com act as decentralized estate agents for the digital domain, allowing owners to list their property for sale or rent and transact via an auction process or by negotiation with buyers.’

The full article is available in the GFOC Journal Volume 5, page 78, and a copy can be requested, here.

To discover how our team could assist you, please visit our family offices page.

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