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Buying Virtual Land in Metaverse: Where and How to buy?
I think Buying Virtual Land in the metaverse is going to be one of the best opportunities to be getting into crypto and NFT, Some of these plots of land have already sold for hundreds of thousands if not millions of dollars in some cases.
Metaverse is currently making headlines in the cryptocurrency world. A Metaverse that exists between physical and virtual reality and in which real-world geolocations on a partitioned map correspond to digital virtual environments generated by users. These environments can be owned, bought, and sold, as well as deeply customized in the near future.
You might be wondering what are the use cases, what are the purposes for these plots of land that are being used in these virtual worlds.
Well, there are actually different things you can use the pieces of land you within these certain games here’s a list of what use cases
- Events / Parties
By purchasing one of these plots of land you are able to conduct these use cases within Metaverse. Let’s say you end up creating a business on that piece of land. You can start charging for whatever product or service you providing on that piece of land, and it could become an income-generating resource.
In the case of the events, you can create exclusive events or parties, you can end up charging people to attend these events.
Also, you can do building out certain experiences and games that require some sort of pay to actually play access for that specific game or event that is being hosted on that land.
So the land itself is this basis that could be used to create so many other different things that can give you benefits within that Metaverse.
Virtual land use cases
Here are some examples that are actually having land sales or already have land for sale in the market that you can go check out
Lunacia is one of the most popular play earn games at the moment and the most successful. Lunacia hasn’t released yet but they will come.
This is the closest idea of what a metaverse will look like in the future. This is an online world where people interact using digital avatars.
Decentraland Land is one of the most popular metaverses that currently building at the moment.
it is another iteration of Metaverse, for now, it has similar graphics to Minecraft.
Sandbox is a virtual metaverse where players can play or build their own monetize their virtual experience. It is going to be user-generated content that means the games and experiences which users create in Metaverse, not the company.
Mirandus, Created by gala games, is an epic fantasy RPG set in a massive world by five-player monarchs in-game players have freedom of choice. They can send out into the wilderness alone to try their fortunes against the monsters of the deep woods join with one of the monarchs serve as a knight in their court or set up shop in one of the five great cities of the realm.
Factors of what makes the value of these land
Location is going to be important to the value of a piece of land, it’s similar to real-world where the location of the land is going to be more expensive depending on the area that surrounds it.
The larger piece of land is most likely going to be more valuable than a smaller piece of land. It gives you the amount of space to build more experiences, more games, larger business, or whatever you choose to do on that piece of land.
There is not going to be an infinite amount of land that will be able to be created forever and ever so that in itself will add some value to those pieces of land.
When the popularity of the game comes in, increasingly grows a massive user base where over a million players are playing daily. The demand for those pieces of land will rise as people get more acclimated and more immersed in the game.
so that itself can grow up the value of the pieces of land as well.
I think buying virtual land in Metaverse is going to be one of the most massive opportunities within NFT and Crypto if you will believe one day we’re going to be live in these virtual worlds then one of these metaverses are bound to succeed and the land within those metaverses will hold value because you’re going to be able to do so many things with that plot of lands such as business, experience, game or home.
It’s going to create a new job opportunity with the world as well as inside a metaverse, so let’s use just a piece of land for an example to collect resources on that piece of land.
You can hire someone to use your piece of land to mine out those resources that in itself is a job also it going to be a real estate broker’s virtual which going to be people brokering deals within the metaverse for certain pieces of land.
You could possibly rent your piece of land to another business owner or creator within Metaverse
It could possibly be your home in the metaverse where you go hang out after a long day of Metaverse