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Making a Killing in Virtual Real Estate

Digital 1,100-square-foot plots in Genesis City are selling for as much as $200,000.

A temple concept in Decentraland.

A temple concept in Decentraland.

Source: Decentraland
From

Last month, Ryan Kunzmann went to a bar in New York to see his 58,000 square feet of property. No, it’s not the world’s biggest bar—his holdings are virtual.

Kunzmann was one of about 20 people meeting to chat and compare their little slices of Genesis City, a digital metropolis they’re hoping will eventually become a major hub for virtual-reality commerce. Kunzmann, who does tech support for a property management website, says he intends to turn one of his larger stretches into a virtual museum or art gallery. “There’s a lot of great art out there that people don’t get to see,” he says. “Especially if you don’t live in a big city.”