Back in November, Facebook rebranded itself as Meta. This decision has propelled a tsunami of money to flow into the metaverse as investors snap up virtual real estate — hoping its value will soar.
Within days, metaverse property developer Republic Realm handed over MYR18.2 million (US$4.3 million) to a seller of digital land in the virtual world called Sandbox.
As these virtual worlds become grounds to exciting new realities, certain concepts are explored, including the initiation of commerce.
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