Real estate in the metaverse refers to plots of land or residential and commercial structures that exist in a virtual environment. You can build any kind of property on that site, including billboards for advertising, business districts, and the corporate headquarters of actual companies.
The metaverse real estate is actually just pixels on your computer screen. However, many platforms have been built to be programmable environments where users can interact socially, trade non-fungible tokens (NFTs), play games, promote their goods and services, and even attend meetings using 3D avatars.