Protecting Digital Assets and Virtual Real Estate

Virtual real estate refers to parcels of land in the metaverse that users can buy, sell, and develop. Platforms like Decentraland and The Sandbox allow users to purchase these plots using cryptocurrency. But what does it mean to “own” virtual land?

In most cases, purchasing virtual real estate grants you certain rights, such as the ability to build on the land or host events. However, these rights are often governed by the platform’s terms of service, not traditional property laws. This raises questions about long-term ownership and control. For example, what happens if the platform shuts down? Or if someone infringes on your virtual property by building too close to your land?