Digital real estate is to the metaverse what actual world-real estate is to the real world. You can consider it as buying land on another planet, where the rules of Earth are no longer involved. Like buying land on the moon, there are still a finite number of parcels per platform, which creates scarcity and helps specify a more stable value.
Depending on the platform, suppose you purchase virtual real estate on Global Digital City, the land you buy there can have various attributes. In more realistic platforms, this is normally limited to the size of the lot and a unique location, which can be found on the world map. In platforms that are more gaming-focused, it might also include extra attributes such as natural resources that can be mined and sold.
Global Digital City :https://gdc.world