Technavio, a global market research firm, predicts that the real estate market in the metaverse is projected to pass $5 billion by 2026, Cryptonews reports.

The reports highlights the growth will be fueled by how the metaverse will gradually move towards a more mixed reality experience, giving more value to these platforms in which visitors can inhabit, taking annotations and decoding tags for different application-specific purposes; and because of the popularity of cryptocurrencies, which will make this kind of property more approachable and easy to purchase in order to sell or rent, allowing its owners to obtain a passive income.

Another report released last February estimated that metaverse real estate sales would reach $1 billion this year.