25% of US Crypto Investors Either Own or Plan to Acquire Land in the Metaverse – Metaverse Bitcoin News

According to a new survey, 25% of U.S.-based cryptocurrency investors have or plan on renting land in the metaverse. The Baby Boomer generation is the most interested (18%) in renting or owning land in the metaverse.

Gen Z is less likely than Gen X to own/rent property in Metaverse

A study has shown that 25% of American cryptocurrency investors own or rent land in the metaverse. Another 25% plan to do so, according to the results of the survey. These findings show that 18% of the respondents are from the Baby Boomer Generation and they would be interested in owning or renting space in the metaverse.

According to study results, millennials are the group with 12 percent of the respondents who own land in the metaverse or plan to purchase it. The next generation, X, is tied with 11%.

While it is identified as the digitally native generation in the study report, Gen Z “was less likely than any other generation queried to either already own or want to own/rent property in the metaverse.”

Cinch Home Services conducted a study that found 17% of male investors plan to buy property in the metaverse. Only 10% of female investors had this intention. The study findings suggest that current metaverse land owners are prepared to invest an average amount of $1,750.

“[Around] $1,743 was the average amount those who currently, or had plans to own or rent land in the metaverse would be willing to spend,” the study findings suggested.

As explained in the report, this figure ($1,743) is $700 more than “the average U.S. rent for a one-bedroom apartment.”

Property location most desired feature

Meanwhile, as shown in the study’s findings, the location of a property in the metaverse —just as in physical real estate — is listed as the most desired feature of virtual property. Other desirable characteristics of virtual property include style, lot size, square footage, and the display NFTs.

Some 44% of respondents chose to buy a custom-built home when asked what type of virtual property they would like. Next in popularity are land with natural resources (33%) and my childhood house (33%), which is 38%.

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Terence Zimwara

Terence Zimwara was a Zimbabwe award-winning journalist and author. He is a prolific writer on the economic woes of African countries, as well as digital currencies that can be used to provide an escape path for Africans.