Metaverse Real Estate
Metaverse real estate are parcels of land in virtual worlds. In the simplest sense, they are pixels. However, they are more than just digital images.
Unlike the real world, anyone can invest in Metaverse land. Land parcels come in various shapes, sizes, and locations, and are available on a variety of platforms, each with a different price point. Buyers from around the world can set up a cryptocurrency wallet of their choice and start investing.
Some of the most popular platforms for virtual real estate investors include Decentraland, The Sandbox, CryptoVoxels, and Somnium Space. The metaverse is a place where geographical barriers are broken down and anything is possible.
BUY AND SELL LANDS
Buying and selling lands on the metaverse are usually done with cryptocurrencies – Ethereum is a popular choice, as are SAND (the currency connected with gamified metaverse platform The Sandbox) and MANA (connected to the community-based Decentraland platform). So getting hold of these is usually the first step.
So why are people so keen to buy land in the metaverse?
The metaverse is fundamentally a 3D version of the internet, and the expectation is that once the technology has caught up with the concept, more and more people will spend more and more time in this virtual world. People spend a lot of time on the internet, so why wouldn't they spend a lot of time in the metaverse – especially if, as Facebook CEO Mark Zuckerberg says, they can have experiences there that they can’t have on a 2D website?
All of this means there could be some very serious money to be made. The metaverse has the potential to become a multi-trillion-dollar part of the world economy in the coming decades, according to Tim Sweeney, CEO of Epic Games, the company behind Fortnite.