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Hong Kong Tycoons Snap Up Virtual Land in Metaverse – SCMP

In Hong Kong, where housing is scarce and property is deemed the most critical of investments, the interest around digital land sales is reaching a fever pitch

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Hong Kong
After months of muted activity, Hong Kong property developers rushed to launch new sales in April. Photo: Reuters.

 

Virtual land sales are a hot new trend in a tech world increasingly fascinated with the metaverse, a shared, immersive 3D space where people can interact, the South China Morning Post reported.

In Hong Kong, where housing is scarce and property is deemed the most critical of investments, the interest around digital land sales is reaching a fever pitch, the report added.

Read the full report: SCMP.

 

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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