Why are people spending real money to buy land that only exists in virtual reality? Trending meets the creators of a new social platform being built in a virtual world

Why are people spending real money to buy land that only exists in virtual reality? In the virtual world of Decentraland, users can build whatever they can imagine on their own plots of land. Some hope to make a profit by trading goods and services using the social platform’s own cryptocurrency. Could this be the birth of a new virtual economy or a cryptocurrency bubble waiting to burst?

Presenter: Jonathan Griffin

Reporter: Joanne Whalley

Producer: Lee Kumutat

Studio Manager: James Beard

Editor: Ed Main

Photo Caption: This is Decentraland

Photo Credit: This is Decentraland