1/2/2024 0 Comments Metaverse land![]() ![]() Now that you’ve got your account all set up, you need the corresponding crypto currency to buy a plot of land. And there are countless points of view on that. And then there’s the small matter of turning real, actual, worked for and earned money into cryptocurrency to spend virtually. There are countless wallets to chose from just make sure that it’s one that works with the platform you’re set to move into. Then, you need to set up a crypto wallet, and connect it to the platform of your choice. Perhaps your favourite celeb has a place there? Or you’ve read about countless other investors making a fortune overnight? There’s certainly plenty of hype out there to help you make your choice. If this is your first such investment and you’d like to keep risks to a minimum then it’s probably best to go for an already popular (and rising) one such as Decentraland or The Sandbox. ![]() The process of buying metaverse land varies based on the platform, but here’s an overview of the steps in general:įirst, you need to choose a platform – ie, which ‘metaverse’ you’re going virtually own a piece of and ‘live’ in. Create, interact, have fun! And get rich too? How to buy land in the metaverse The options for ‘what you can do with your land’ are becoming increasingly limitless as platforms expand and improve. Those who are interested in the business side of things, can use their metaverse land to advertise a business or organize an event. Metaverse enthusiasts might want to use it to build a 3D mansion, host a party, or create a game. Most platforms allow you to “visit” your land and even build on it. How to use land in the metaverseĪ plot of virtual land can be more than just a monetary investment. It might not actually exist in a way that you can walk on it or touch it, but it really is yours. Your ownership is then irrefutably stored on the blockchain. In most cases, the virtual land can only be bought and sold using crypto currencies. To guarantee the buyer’s ownership of the land, the plots are sold as non-fungible tokens (NFTs). It exists online, where it can be bought and sold on platforms such as Decentraland and The Sandbox. Technically, metaverse land isn’t real land. Why would you invest in something that has no physical presence? And – most pressing of all – is it a wise thing to do? Metaverse real estate explained Among large companies, celebrities, and metaverse enthusiasts, at least… But to most people, the idea of buying virtual land still seems very odd. Metaverse real estate has been selling like hotcakes over the past few months. ![]()
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