buying land is one of the ways investing. invest in metaverse It is much easier than real world! so don’t waste your time! provides a virtual reality to live, work and play with others. It also offers the opportunity to invest not only in land but also in various industries and services provided in metaverse, such as music, fashion, etc, and gain a profit through trading. Among all, metaverse fully supports real estate trades and users can easily invest in real estate in various metaverses. Just like the real life, users can also populate their virtual lands with interactive experiences such as events, concerts, 3D objects, games and even marketplaces to sell assets, including NFTs.
Metaverse games like Decentraland, The Sandbox, Upland and Otherside are already providing virtual lands to their users; however, not all the real estates are as valuable but anyway you can make well money. If you find yourself interested in buying a land and starting your investment in metaverse real estate, you first need to find an answer to two question: How to buy land in metaverse? and How to invest in real estate metaverse? Well, we are here to answer these questions and help you learn about the most essential characteristics of a proper metaverse real estate which can provide advantages at selling or keeping. Here is what you need to know.
what is the meaning of metaverse?
Before you invest in a real estate metaverse and know about how to buy land in metaverse, it is essential to know what exactly metaverse is. Metaverse is the next significant iteration in the Internet. Experts describe it as a single, shared, immersive, persistent, 3D virtual space which shares all the aspects of the physical life. However, it allows people experience life in ways they could not in the physical world.
The existence of metaverse stems from the development of some technologies, such as virtual reality (VR) headsets and augmented reality (AR) glasses. The virtual world expands with the fast evolve of these technologies.
What is virtual land in the metaverse?
Simply put, virtual land is a parcel of digital images on the metaverse platforms. Two of the most extensive blockchain-based virtual lands are Decentraland (MANA) and The Sandbox (SAND). There are also centralized metaverse game platforms such as Roblox.
Owning digital land is similar to physical real estate; virtual plots of land are spaces considered NFTs that can be built or designed as houses, art galleries, event spaces, or virtual shops. There is no limit to the imagination. Though, what users can make on their virtual lands directly depends on their choice of metaverse platform.
Each plot of land lives in a blockchain and is traded as non-fungible tokens (NFTs) based on smart contracts. A virtual land can be traded directly on the metaverse platform like Decentraland or a secondary NFT marketplace like OpenSea. Owning a virtual land NFT allows you to own and develop a specific virtual area on a particular metaverse game platform.
How to buy land in metaverse with Different types?
Metaverse can be described as an interconnected network of several three-dimensional virtual worlds connected to the Internet. Using VR, people can easily access these spaces in the digital world. If you wish to invest in metaverse real estate and buy a virtual land, it will be helpful to know different types of metaverse lands first.
Virtual real estate basically comes in three unique kinds of metaverses. They can focus either on their internal construction to provide their users an intimate opportunity to explore the worlds inside of them or on external exploration to allow their users to reach out into other universes by going through a path into other existing lands.
Web 2.0 Centralized Metaverse
It is a traditional centralized metaverse that is not integrated with the Blockchain. These metaverses also use an avatar that progresses through the metaverse. Web 2 Centralized Metaverse was primarily implemented in the latest versions of popular games such as Fortnite, Grand Theft Auto, etc.
These metaverses also included digital marketplaces where one can pay for accessories for their avatars. Some even owned their own digital currency, for example, Fortnite with ‘V-Bucks’; Users had to purchase the cryptocurrency to get items from digital stores.
Web 3.0 Blockchain Centralized Metaverse
Blockchain-based metaverses allow the evolution of interactions and digital assets in different ways. Non-Fungible Tokens (NFTs) can be traded or exchanged through cryptocurrencies on primary and secondary marketplaces. All the transactions regarding an NFT are recorded on a blockchain and can be traced. Popular centralized blockchain metaverses include ‘Earth2’ or ‘Meta.’ These projects are mainly focused on how to buy land in metaverse.
Web 3.0 Blockchain Decentralized Metaverse
Using the unique concept of “Decentralized Autonomous Organizations” (DAO), these type of metaverse emphasizes on smart contracts which determine the rules within their specific metaverses. The most significant benefit of this metaverse type is that it relies on the premise of “fractional ownership.” It means that decisions are not made by merely one individual or organization. Instead, every token owner gets a say in decisions. Next Earth metaverse is a successful example of this type.
Note that not all metaverses offer a DAO-based feature. Therefore, it is necessary to learn tips on buying metaverse land and what features to look out for.
How to buy land in metaverse Earth 2?
Earth 2 is an actual example of a web3 blockchain centralized metaverse. This Geolocational Metaverse digitally represents any location in the real world inside Earth 2 metaverse. Earth 2 team built a 1:1 scale digital replication of the Earth with no artificial artifacts. Earth 2 metaverse is now one of the biggest Virtual Land Registries in the world,t with over 100 million 19x19m tiles sold.
Earth 2 provides a Massive-Open-Seamless-World metaverse where people use their perception of what exists and what is real around them to relate to it. This can evolve into a new metaphysical existence and facilitate the Internet’s technical evolution.
Earth 2 is a virtual world, Massively Multiplayer Online (MMO) video game that allows users to buy, sell, customize and own these lands at a 1:1 scale of the earth. Therefore, an economic simulation is designed to provide Earth 2 with all the materials necessary to build this virtual world.
What is Next Earth?
Next Earth is a blockchain-based metaverse that uses blockchain technology to manage virtual land NFTs on a 1:1 replica of Earth. This web3 blockchain decentralized metaverse allows users to buy, sell, trade and manage virtual land, which is presented as NFTs. The platform also has a built-in marketplace where users can buy and sell digital assets, from virtual Pyramids to pixel-colored Land Art.
There are four significant concepts considered in Next Earth: The platform, where users can mint, buy and sell 10x10m tiles of virtual land; The land, as the platform is based on land ownership; The native currency, NXTT; and the Platform as a Service (PaaS) model.
Besides, Next Earth is community-driven. It has grown into a complex “Platform as a Service” model where users are the biggest winners as they can monetize themselves while using the services/products of an entity that belongs to them. With the support of community governance, tokenomics, and Defi solutions for its whole community, Next earth is one of the most ambitious metaverse projects that donate %10 of each transaction to improve environmental problems.
how to buy land in metaverse? Best lands!
At first for buying land, you should know How to enter metaverse. There are various metaverses where you can purchase land parcels on primary and secondary marketplaces. Some of the best places include:
how to buy land in the metaverse Decentraland?
Decentraland is built on the Ethereum blockchain. Blockchain technology enables the creation of new tokens and smart contracts. These new tokens, or NFTs, represent a parcel of land on the decentralized platform. Decentraland is one of the biggest virtual metaverses that allows users to buy land in the metaverse.
how to buy metaverse real estate in Sandbox?
The Sandbox currently holds the highest number of lands in the metaverse, with over 160,000 parcels available to users. This platform offers a steady increase in both population and price on every property as it becomes more desirable as an investment.
how to buy real estate in the metaverse CryptoVoxels?
This digital world ranks amongst the smallest, originally consisting of just 3,026 parcels. Their lands can be bought through direct sales on the website or via marketplaces like OpenSea, in exchange for both USD and ETH. Unlike other metaverses, CryptoVoxels has kept expanding and is trying to increase its parcels of land. Though small, the prices can be significantly high (the lowest price is about 1.8 ETH).
Somnium Space and how to buy land in the metaverse?
First developed in 2018, Somnium Space heavily focuses on virtual reality offerings and it is known for its games and NFT art. It will offer 5,000 unevenly divided land parcels in the platform in 2022. According to their developers, Somnium will release more lands in the future. It has its own native currency $CUBE, and plots of land can easily be found on OpenSea. Choosing one of three choices (extra-large, medium, or small), you can create your own space within the metaverse. Like any other metaverse, it is necessary to remember that location matters a lot when you plan to purchase land.
How to buy land in metaverse in Axie Infinity?
Axie Infinity is a role-playing game and trading platform that allows players to develop their own Axies (the digital creatures) based on blockchain technology. The Axies are for sale and trade along with accessories, and each one has many unique features. The world is called Nursia, where seven land types, each of which has its own utilities and rarity.
how to buy real estate in the metaverse in Aavigotchi?
Aavegotchi is an open-source, cross-platform virtual reality metaverse game. It is based on the Ethereum blockchain. Players use their avatars in this 2D and 3D metaverse to trade with other players and explore exciting locations throughout the planet. The Gotchiverse community guides new buyers on how to buy land in the metaverse. The community offers land parcels that can be purchased.
How to buy land in metaverse in Bit Country?
Bit Country, a new company in the metaverse domain, also uses blockchain technology. This metaverse has gained popularity over the last few months and is becoming one of the most sought-after platforms due to its intuitive design and ease of access. You can buy Bit Country Land on marketplaces such as OpenSea. Some essential consideration when purchasing land includes land availability, demand, and market trends.
How to buy virtual land in Matrix World?
Matrix World is another new metaverse platform on the list that has begun selling virtual land plots. The process for the transaction is simple, and all transactions are recorded and traceable on the blockchain. Matrix Environment is a 3D virtual world where users can own land and construct it. They can also buy or sell pieces of land as.
how to buy metaverse real estate NFT Worlds?
NFT Worlds is a regionalized 3D metaverse that allows users to own and control virtual lands (or worlds). These worlds are based on resource information and on-chain data. Every player can create their particular land and put a set of features for each. As big as 16,000,000 × 16,000,000 blocks, players own a virtually endless space to expand their domain as they wish for.
How to buy land in metaverse in Upland?
Upland is a metaverse with affordable land prices and properties associated with a real-world address. It differs from other metaverses as it does not require players to add a digital wallet to their Upland account. It also gifts users 4,500 UPX at their registration. Users are divided into visitors and Uplanders. To buy properties in Upland, you need to be an Uplander.
How much a land costs in metaverse?
Land in the metaverse is not cheap. In Decentraland, the average parcel of land costs $19,494. Expensive for a virtual land? Here is the costliest metaverse Somnium Space; 1 plot of land costs $18,417, or $92 per square meters.
Don’t be disappointed! Here are more reasonable lands, too. The largest metaverse for virtual real estate, The Sandbox, has the cheapest floor price per square meter, costing only $1. Though, a parcel in The Sandbox is 36 times larger than a parcel in Decentraland.
Just like the real world, location is the first to determine the price of a virtual real state. The popularity of virtual worlds as well as the size of NFT land also affect the price. Popular metaverses such as Sandbox have 166,000 parcels of land with 65,000 transactions worth a total of 400 million dollars in 2022. Decentraland is the second largest metaverse land and includes 90,600 parcels with 21,000 real estate transactions worth 110 million dollars.
Considering Sandbox and Decentraland, the average land investment seemed to reach over $5,500 or about 3.5 ETH in 2021. However, in January 2022, the average price of metaverse land sales surpassed 5 ETH, equivalent to almost $18,000. The market has witnessed rises and falls since then. But it still means that the virtual lands in metaverse are a good investment.
How to buy land in the metaverse and invest in it?
As we already discussed, metaverse lands are provided as NFTs, and all the regulations regarding NFTs are true about virtual lands, too. Almost all NFTs live on a blockchain and are stored in a digital wallet. So, a digital wallet and preferred cryptocurrency are required to invest in a metaverse land. Simply put, buying a virtual real estate includes almost the same procedure as buying NFTs. Let’s have a closer look at the steps of buying land in the metaverse:
1- Select a metaverse platform
The big decision is to choose the right platform for your metaverse land since it significantly impacts the success of your investment. Each platform comes with its roadmap and advantages. It seems important to review them before you decide.
Then, you have to decide what you plan to do with your land purchase. Since you will have different options for your investment, you will also have many different lands out there, each with unique features to consider. Decide based on your investment plan for your land.
2- Create your cryptocurrency or NFT wallet
A digital wallet filled with cryptocurrencies is also required. There are many wallets available such as Binance and MetaMask. While doing your research on how to buy land in metaverse, make sure to check the compatibility of your digital wallet with the metaverse platform that you would like to join.
3- Link your wallet to the metaverse
Sign Up process seems to vary from one platform to another. First, create an account in your desired metaverse and then link your wallet. The process of linking your wallet is straightforward; install browser extensions to help you complete the process.
4- Fill your digital wallet
You can purchase crypto using marketplaces like Binance. If you wish to explore, bid or buy a virtual land in a metaverse, make sure you have enough cryptocurrency accepted in the platform in your wallet (including SAND, ETH or MANA). Then, you will be ready to make your desired investment.
If you use Binance, remember that you can use a credit card or debit card to buy the relevant cryptocurrency and transfer it to your wallet.
5- Select your desired virtual real estate
Now, you are all set to purchase your desired land parcel. Determine a land to invest in and either ‘Bid’ on it or buy it for the price mentioned.
you will be asked to enter the bid amount if you’re looking to place a bid. Enter the amount, confirm the transaction and wait for the owner to accept. If your offer is accepted, you are good to go. If not, then the amount will return to your wallet.
How to create metaverse land?
You also can choose to create your own metaverse, if you have the required equipment and knowledge. Here is the step-by-step process to create your metaverse virtual world:
- Choose the proper use case of a metaverse. Metaverses can have various uses, including gaming, music, real estate, etc. Knowing your target audience and creating the metaverse they need is necessary.
- Create the user interface for your platform. If you need help with technical issues at any step, always consult an expert, or you will lose your cryptos.
- Code operational smart contracts. Remember all services and products you offer your users in the metaverse will be NFTs.
- Create the IPFS storage system.
- Making a metaverse database.
- Develop the core AI and VR functionalities.
- Integrate smart contracts, IPFS, front end, and back end. You are almost done; get ready for the primary feedbacks you receive from the metaverse check.
- Move to the test phase and make sure the platform is bug-free. You may ask friends or others to test your product. Try to solve the issues you receive.
- Release the beta version of the platform.
- Finally, deploy your metaverse platform.
The process requires knowledge of technical issues and lots of experience. If you need help with the process and need information about how to buy land in metaverse, there are Development Companies to help you out. also Having information about Metaverse news It will help you a lot For everything that happens in the atmosphere of the metaverse.
Final Thoughts of how to buy land in metaverse?
In the near future, everyone around the world will join metaverse. 3D-rendered environments allow people to interact and enjoy an immersive experience without leaving the comfort of their homes. Aside from socialization, the metaverse also opens up opportunities to generate profit through virtual means.
Moreover, the metaverse will occupy each and every industry. Many metaverse development companies are emerging in the market. Entrepreneurs are actively looking for the right Metaverse Development Company to launch their own metaverse platform. So, you may also want to take advantage and invest in metaverse by buying a parcel of land, or even launch your own metaverse. In either case, good luck!
metadailypress always is here for helping you for getting rich by metaverse.
Frequently asked questions
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What is the cheapest metaverse real estate land?
Among all metaverses, CryptoVoxels currently has the cheapest metaverse real estate. The cost of CryptoVoxels land is almost 1.8 ETH.
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Where and how to buy metaverse real estate?
Investors can buy metaverse real estate both from in-game or secondary marketplaces, like OpenSea. Investors require a digital wallet filled with a given cryptocurrency to purchase virtual assets.
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Is investing in metaverse real estate worth it?
Purchasing land in the metaverse could involve some risks of security. Though, investors suggest this as an excellent opportunity to earn profits. Remember that the land price has increased by 700% since 2021, so investors may not ignore the market potential.
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