The Real Estate Market In The Metaverse Is Expanding Sharply. Here Are The Lands With The Most Potential
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- Tiziano BaldiGalleni
- July 27, 2022
- 9:39 am
The real estate market in the Metaverse is getting more and more tempting. According to a recent study by TechNavio, the money that will be invested in this sector will be over 5 billion dollars by the end of 2026.
The increasingly widespread use of cryptocurrencies, in conjunction with the increase in the spread of smartphones and the progressive technological improvement, has contributed to a greater increase in awareness of the potential of this new market.
The lands are the virtual spaces where most of the activities in the Metaverse take place. They are privately owned and can be bought and sold like any other asset.
Some lands are more in demand than others, both for their strategic position and for the features they offer to users.
MORE AND MORE PEOPLE WILL INVEST IN VIRTUAL PROPERTIES AND NOT IN THOSE MADE OF BRICK
This is because virtual spaces offer many advantages over real properties:
– They can be easily modified and adapted to different needs;
– They are always accessible, even from distant places;
– They are not subject to maintenance problems or adverse climatic conditions.
Above all…
We are in a phase where the profit margin in the sale or rental is much higher. These are figures never seen before in traditional real estate.
My advice is to invest in this sector before it is too late.
In fact, one of the elements that are a pillar of the projection made by Tech Navio concerns the progressive widening of the popularity of virtual worlds.
“The possibility of buying and selling between private individuals should drive the real estate sector on Metaverse. Together with the advancement of technologies that make user experiences increasingly immersive and realistic.”
THE CASE OF DUBAI
The Emirates federation has never referred to the immediate success of a coin or its construction. Nevertheless, its participation in the virtual network industry and all other digital activities is guaranteed by the legal obligation imposed by the bitcoin-friendly cartel of the digital governorate for POS terminals (Point of Sales), which collects the UAE Central Bank Approval.
The Dubai initiative is aimed at creating a new legal ecosystem that allows interested companies to exchange digital currency, services, and information within the city. This represents a huge step forward compared to what has been seen so far and what sets the stage for further developments in the future.
In addition, Dubai seems to want to apply to drive the entire region, with a substantial investment plan that responds to the name of the Dubai Metaverse Strategy.
According to estimates published by the Dubai government, ruler Hamdan bin Mohammed’s plan is expected to create over 40,000 jobs over the next 8 years. The turnover generated by the Metaverse between now and 2030 should generate profits of over 5 billion dollars.
THE METAVERSES WITH THE HIGHEST PROBABILITY OF GROWTH
Together let’s see which lands have the most potential in the Metaverse real estate market. I have already bet on some of them, investing part of my company’s income.
I want to give some exclusive advice to you.
1) Linden Lab: Second Life
Linden Lab is one of the most important platforms of the Metaverse and the first to have introduced the concept of land. Its virtual space, called Second Life, is populated by over one million active users and allows users to buy, sell, and rent land.
Most of the Second Life lands are intended for entertainment, but there is a growing demand for office and retail space. Furthermore, many investors are buying land for future developments.
2) High Fidelity:
High Fidelity is an open-source platform that allows users to create and visit customized virtual worlds. Unlike Second Life, High Fidelity does not have predefined lands but allows users to create new ones.
The High Fidelity lands are in great demand by entrepreneurs and companies who want to create customized settings for corporate events or presentations.
3) Sinespace:
Sinespace is a 3D platform that focuses primarily on entertainment. It has a community of over 100,000 users and offers users the opportunity to create, buy, sell, and rent land.
Sinespace is becoming more and more popular due to its user-friendly interface and the ability to create custom worlds. Many investors are already buying land for future developments.
4) Decentraland:
Decentraland is an Ethereum-based open source project that allows users to buy, sell, and rent land in a decentralized 3D world. Each “parcel” of land is permanently registered on the Ethereum blockchain and is owned by the purchaser.
Decentraland is becoming more and more popular due to its user-friendly interface and the ability to create custom worlds. Many investors are already buying land for future developments.
5) Otherside:
Otherside is a constantly evolving virtual world based on the Ethereum blockchain. Users can create, buy, sell, and rent land.
Otherside is becoming more and more popular thanks to its user-friendly interface and the ability to create custom worlds. Many investors are already buying land for future developments.
CALIFORNIA HAS A GREATER NUMBER OF INVESTORS IN THE METAVERSE
I conclude by quoting again the forecasts of TechNavio: according to their study, 41% of the investments will come from North America.
In fact, in these countries, cryptocurrencies are already quite popular among citizens, companies, and government institutions.
The concept of metatarsal and blockchain is already more assimilated.
California is perhaps the most avant-garde place. Recently politics has also made promises in relation to cryptocurrencies, to ensure maximum openness on digital currencies.
An element that makes us understand when it is a topic of interest to citizens.
Even in Northern Europe, there is already a lot of talk about blockchain and cryptocurrencies. Denmark is another country at the forefront, while Sweden was one of the first nations to introduce Bitcoin as an official means of payment.
The real estate market in the metaverse is set to grow exponentially in the years to come, especially in these areas. But business can be done anywhere in the world.
Start by understanding the virtual worlds I mentioned to you. Then decide for yourself what to do. If you do it, do it with awareness, and with money that does not compromise your independence and your family.
Get advanced news and advice from the first site in the world that helps you make money in the Metaverse: https://vestvers.com/
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