How virtual real estate creates real value in the metaverse |
Posted: April 22, 2022 |
The metaverse is still relatively new. Investing in it involves a lot of risk. However, it is worth the risk because it has the potential to yield high returns. However, as with all investment and business ventures, you should do your due diligence before making any risky decisions. Metaverse Real Estate?The metaverse is still relatively new. Investing in it involves a lot of risk. However, it is worth the risk because it has the potential to yield high returns. However, as with all investment and business ventures, you should do your due diligence before making any risky decisions. Why are people Investing In Metaverse Real Estate?Metaverse Real Estate provides users with a place to connect with other users online. People can use the digitized land for gaming and communication. Creators can monetize their content by charging access fees and trading NFTs. Brands, on the other hand, can use virtual assets to promote services, launch virtual products, and provide unique customer experiences. For real estate investors, these digitized lands offer lucrative opportunities. Just like in real life, real estate on Metaverse can be developed, sold, or rented. Metaverse has many uses for real estate. Worth Of Real Estate In Metaverse?When Decentraland held their first LAND auction at the Terraform event in December 2017, the land was valued at just $20. In 2021, this package will cost an average of over $6,000. By early 2022, the price has risen to around $15,000 per LAND token. Given the positive growth prospects of the metaverse, companies are actively investing in virtual land ownership. In October 2021, blockchain technology company Tokens.com acquired 50% of virtual real estate company Metaverse Group for $1.7 million. In November, the Republican Kingdom broke a record by purchasing a sandbox property for a whopping $4.3 million. A further price increase was made in response to growing interest in the properties of the metaverse. Digital lands sell for between $6,000 and $100,000, although some are known to sell for much more. One of the biggest sales last year was the property next to Snoop Dogg in Sandbox. An anonymous buyer is known to have made a purchase for $450,000. How to Buy Real Estate in Metaverse?Buying a metaverse property is almost identical to buying an NFT. Proof of ownership is the unique code of the blockchain. This code verifies ownership or ownership of this digital land. So, to build a real estate portfolio on Metaverse, you need a digital cryptocurrency wallet. Some platforms use certain cryptocurrencies for their transactions, so it's a good idea to check before registering a new wallet. Then go to the Virtual Metaverse platform and register to create an account. To purchase land and other assets, you need to connect your digital wallet to the forum. Choose and buy land. Land on Metaverse can be purchased through real estate brokers and asset management companies. However, unlike in real life, metaverse brokers do not require a license and the rules do not apply. So, do business with a company you can trust. Join UsWebsite: https://xana.net/
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