The greatest land grab since the internet is underway

New York-based property developer Republic Realm forked out $4.3 million for a plot of land. This undeveloped lot sold for almost 4X more than the average NYC apartment. But the land wasn’t in sought-after cities like San Francisco, Manhattan, or Boston. The record purchase wasn’t in the Cayman Islands either. In fact, it wasn’t even in the “physical world.” Republic Realm paid $4.3 million for a plot of land inside The Sandbox, a video game. Virtual land is booming… In the past week, folks spent $18 million on virtual land…

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