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real estate

real estate

3 4.6
Virtual land in online worlds that people buy to build on
  • noun
  • /ˈriːəl ɪˈsteɪt/
  • Texting
translation icon : propiedad virtual
  • The rise of digital currencies has led to an increase in people buying real estate in virtual environments.
  • virtual real estate
  • prime real estate
  • commercial real estate

Do you think that we are spending too much or too little attention on capturing galactic real estate?

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Examples

  • In the metaverse, buying virtual land is just like purchasing real estate in the physical world.

  • Think of the domain name as the title to your own piece of internet real estate.

    Blog text (31)
  • Imagine that for real estate, low to no fee, easy and liquid real estate investing.

  • My man, I'm supposed to be meeting my real estate agent here, but, you know, the virtual tour she sent me, I could've sworn this place had a lot more light.

  • Jordan Insley, one such entrepreneur, likens online to commercial real estate: "You could be a small mom-and-pop working on a back street and hoping someone hears about you, or you could invest in a venue like Times Square."

    Blog text (2)
  • The strategy of monetization as a method of moral valorization continued, and in 2006, Businessweek's cover story featured Second Life's first millionaire, who made her fortune buying and selling virtual real estate (Hoff 2006).

    Academic text (2010)
  • She is investing in real estate within a popular online game, hoping to sell it for a profit later.

Synonyms

property
vsreal estate
1.4

Something that a person or group owns, for example land and buildings

is limited to virtual spaces and tokenised ownership rather than physical possessions
piece of land
vsreal estate
  • Jargon
1 6.7

A digital area in an online world that someone can buy or own

is broader, covering many types of virtual spaces and tokenised ownership

Surface Forms

real estate singular
real estates plural

Morphology

real + estate

The phrase denotes property/land and is directly derivable from combining 'real' (here carrying the property/land-related sense) with 'estate' (land and main house). This is a compositional, cross-linguistically common nominal compound, so a B1 learner who knows both constituents would be able to infer the meaning.

Etymology

Real estate is now also used for virtual land because a virtual plot works like real estate: it is a piece of land you can own and build on. So the phrase now means 'digital property' in online worlds.