New Dek: Metaverse real-estate sales are booming as investors spend millions on virtual land. Investment companies like Republic Realm are betting on strategic locations in these virtual worlds in order to develop the digital land into places like private villas and malls for online retailers. But what are some of the risks of investing in online real estate?

WSJ spoke with companies investing in digital real estate to understand the economic model and why investors are spending millions on virtual property.

0:00 Digital real estate
1:06 Land in the metaverse
2:30 Location
4:31 Republic Realm’s developments
5:28 Risks for investing

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