Why Real Estate In The Metaverse Is Ten Times Simpler Than The Real Thing And How To Make It Work For You
In case you don’t know what the Metaverse is, I will explain this new concept. I will focus on a unique real estate market that involves land lots and houses that are all totally virtual. That is, they cannot be touched, but they are in a three-dimensional world which is called the Metaverse.
Before starting, I would like to provide some data to help you understand that we are not talking about trivial things. It is a market that already has much higher numbers than many other sectors. There is interest and strong growth potential.
The metaverse has attracted millions of dollars in investment in recent years.
– In November 2021, for example, the Republic Realm fund bought land in the virtual world of Sandbox for $4.3 million. At the moment it is still the most expensive operation ever concluded in a metaverse, but the record could soon be surpassed.
– The $2.5 million tower built by investment firm Tokens.com remains in second place in the rankings for now.
– Last November, a parcel of land on the Axie Infinity metaverse platform sold for $2.3 million. The price is partially due to the type of plot in question, part of the Genesis category, considered extremely rare. There are only 220 plots of Axie Infinity in the world.
– In June 2021, Republic Realm bought land on Decentraland for more than a million dollars. This was made up of 259 parcels, and individual lots, and covers a virtual area that corresponds to approximately 66,000 square meters.
You understand that I am not talking about something trivial, It is something you can capitalize on.
WHAT IS THE METAVERSE?
The Metaverse is a three-dimensional virtual world, like a video game, where people from all over the world live and interact.
It is made up of platforms that vary in what they offer their users. Some allow you to play with other players online, while others offer features like shopping or audio/video streaming. There are also some platforms that offer users the option to buy virtual land and houses.
Among the best-known platforms are Decentraland, Roblox, Meta, The Sandbox, Cryptovoxels, Somnium Space, Sinespace, and many others.
Each metaverse is like a virtual city, each developed differently. For example, in Roblox, Nike has built an area entirely dedicated to its brand, while in Decentraland, people can buy land and build unique things.
The benefits of the Metaverse:
Besides being fun, the Metaverse offers a number of benefits that make it so appealing. Players have the opportunity to meet people, play with them and make friends with other users from all over the world. Developers also have the option to create their own content and earn money by selling land or building applications.
But as you navigate the Metaverse you may be wondering: well, with the help of a technology called VR (virtual reality). Using this technology, you can move freely in the 3D world and interact with other users.
When users wear the 3D viewers that are on the market, it gives the feeling of presence in the virtual world.
Each metaverse can be subdivided into small parcels of land which are called “lands”. Each platform has its own rules.
Some platforms offer the possibility to buy parcels of land (land) through the blockchain. Users can then buy and sell these properties in a decentralized real estate market, which is increasingly popular with landlords and investors.
The Metaverse has given birth to a market for the sale of these lands or buildings already built
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THE HOW AND WHAT OF THE THE REAL ESTATE MARKET IN THE METAVERSE
If you’re interested in buying a parcel of land or property in the Metaverse, there are a few things you need to know before you get started.
First of all, you have to choose the right platform. Each of these metaverses has its own rules and characteristics, so make sure you choose the one that best suits your needs.
Once you have chosen your platform, you will need to purchase a parcel of land. This can be purchased with a platform’s native tokens.
The price of land varies depending on its location within the Metaverse. Once purchased, you can start building 3D buildings or you can also simply rent it to other users.
Choose the land based on your economic possibilities and on the basis of what you will have to build there, or if it is just real estate speculation.
Then open a wallet to store your tokens (it’s like a digital wallet).
Purchasing land can be done with the account in the metaverse where buy it (for example if you have seen it in The Sandbox you can buy it through the platform itself) or using generic platforms such as OpenSea, where you can find lands of many metaverses.
Remember that you can always sell your land if you want, so it’s important to do your research before proceeding.
YOU DO NOT NEED A NOTARY TO SIGN THE PURCHASE
In place of a notary, there is a new technology that is like a code that certifies everything. These are NFTs (Non-Fungible Tokens) which have the same value as a signature on paper but are more secure.
NFTs contains all the data relating to an asset, including ownership history and seller information. In this way, any dispute over the ownership of the asset is avoided and anyone can easily trace the origin of a token.
Even though the purchase of Metaverse real estate is still unregulated in the real world, there are many platforms that offer users the ability to buy and sell virtual properties.
This is an excellent opportunity for investors from all over the world to diversify their portfolios and enter the real estate market in the Metaverse.
And you? Are you ready to take the leap? Start exploring the potential of the massive 3D world today!
The real estate market in the Metaverse is becoming increasingly popular with property owners and investors. There are many lands for sale and different ways to buy it, thanks to the introduction of NFT tokens and platforms like OpenSea.
If you’re interested in getting into the virtual real estate market, be sure to do your research before you get started! Investing in Metaverse real estate is a good way to diversify your portfolio and discover a new world of opportunities.
However, there are always risks. Make sure you understand all the risks involved in this market. If you are a beginner, seek advice from the experts.
With 1500 properties for sale and platforms offering new ways to buy virtual land, the real estate metaverse is ready to welcome you too! Get ready to discover a world full of potential!
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