Metaverse investor Angelica Saldaña sits down with Yahoo Finance Live to discuss how companies are buying up digital real estate in the metaverse, NFTs, and the various metaverses that are being developed.

Video Transcript

RACHELLE AKUFFO: Welcome back. Acura, Estee Lauder, HSBC, JPMorgan Chase just some of the names buying virtual real estate in the Metaverse. Is it a fad, or are they ahead of the curve like when the internet first arrived? Well, for a closer look, I'm joined by Metaverse investor, Angelica Saldana. Thank you so much for joining me today. So first, I want to get a sense, in terms of that aha moment where investing in the Metaverse made sense to you, what happened for you there?

ANGELICA SALDANA: Oh, yeah, what happened was I actually missed Second Life and other Metaverses in the past. So then I realized that I can capitalize on this. And what it's about is, I can own property in the Metaverse and own it, and then I can sell it and create a business. That was my aha moment. It was, this is the real-- so what happened, think about the website. If you own a business, you have to have a website. In the future, what we're going to have is the Metaverse, and then you go inside it. You can meet me with my business with coordinates, and automatically, you can see my products, and you can sell them. That was my aha moment.

RACHELLE AKUFFO: And that's an interesting way of looking at it. Just as we have these placeholders with websites on the internet, as we know, that's an interesting way to put it. Now, obviously, Metaverse real estate is really kicking off. Sales topped $501 million last year, according to Meta Metric Solutions. So why did you choose virtual real estate versus, say, any other asset that you could have picked in the Metaverse?

ANGELICA SALDANA: Part of me, like, I buy everything, like stocks, gold. I also bought all the-- I bought at least 20 different virtual real estates in 20 different Metaverses.