Virtual real estate refers to digital properties within online environments, such as video games or virtual worlds. These spaces can be bought, sold, or developed, similar to physical real estate. Popular platforms for virtual real estate include Decentraland and The Sandbox, where users can create and monetize their own experiences. Investing in virtual real estate has gained traction as more people engage in the metaverse, a collective virtual shared space. Owners can generate income through activities like renting out properties or hosting events. The value of virtual real estate can fluctuate based on demand, location, and the overall popularity of the platform.