MetaMetric Solutions says real estate sales on the four major metaverse platforms reached $501 million last year. According to investors and analytics firms, sales could double this year. A report from Brand Essence Market Research shows that the metaverse real estate market is expected to grow at a compound annual rate of 31 percent per year from 2022 to 2028. The metaverse is an immersive, public virtual-reality world in which people can gather to socialize, work and connect.