11 months ago By Oluoma Aneke
People are trying to find out how to buy land in the Metaverse. This is understandable because the metaverse is a fast-evolving technology gaining wide acceptance. Due to this, many investors are beginning to buy lands in the Metaverse.
People buy lands in the metaverse for different reasons; for some, it is for business and for others, it is for investment purposes. Whatever the reason, buying land in the metaverse could be a good investment, although it is risky.
In this article, we will discuss how to buy land in the metaverse in 4 steps.
Metaverse is one of the most anticipated technological evolutions. The metaverse concept is to build a shared, immersive, persistent, 3D virtual space. In space, humans can interact and experience a world different from the real world. So you can say that Metaverse is an online 3D space where users can interact with each other using avatars and computer-generated objects.
The concept of Metaverse is not fully developed, but some technologies that will provide access to the virtual world, like VR headsets and AR (augmented reality ) glasses, have been developed. Other components of the metaverse are yet to be developed fully.
The world and the internet keep evolving. The first concept of the internet was for emails, messages, email addresses and usernames. From there, it became more media-based and incorporated videos, photos, and live streams, and now it is evolving into 3D and hence the metaverse. Metaverse is yet to develop fully, but it is fast gaining acceptance.
Metaverse lands are digital products or properties players can purchase in the virtual world. They are made up of various plots of land and areas that players can buy. Players are people that make use of the Metaverse. The metaverse land is in the form of NFT (Non-fungible token) and can be owned only by one person, making them valuable.
There are two reasons why you might want to buy land in Metaverse. The first might be to develop it for business or where you can live, and the second is for investment purposes.
For the first reason, you can buy land and build a house for your business. Building a house in the metaverse creates a space to transact your business and show off your business. You can also show your digital collections, hang out with friends and showcase your identity. Brands can use the lands they purchase to develop their business. This is the most common reason why people buy land, and it also poses less risk.
The second reason you might want to buy land in the metaverse is for investment purposes. People who buy metaverse land for investment do that hoping that it will yield massive profits in the future. Like every investment, there is no guarantee, meaning that it might be positive or negative in the future.
People who buy metaverse land for investment do that because there is a rush in the metaverse. The average price of land in the metaverse has increased by over 10 compared to the past year. So people are buying the land with the mindset that it will increase in the coming years and yield profits.
Different factors determine how much a parcel of land costs in the metaverse. Some factors include the metaverse you want to enter, their packages, the scarcity or abundance of the land, the size of the land and the blockchain they are operating on.
If the land you want to buy is considered premium land, like when you want to buy from a street district in Decentraland it will cost you more. Or if you are buying from a place in high demand, you should expect to pay a high price.
Another determining factor is the state of the crypto market and the blockchain you are using. If you are using the Ethereum blockchain, you will pay gas fees. Depending on the blockchain the metaverse is using, you might pay
To buy land on the metaverse, you can use cryptocurrencies like Ethereum, SAND and MANA. SAND is connected to SANDBOX, which is the gamified metaverse platform. MANA has a connection to the community-based Decentraland platform. So, to buy land on metaverse, you must sign up with any of these platforms because you can make sales directly on the platforms. You will also need a wallet that can store NFTs like Binance and Metamask because the recording for sale and ownership will be done through the transfer of NFTs.
There are different metaverses for buying land, each with its unique feature. However, some metaverse has better prospects.
RobertEra is said to be one of the best metaverse real estate projects in 2022. RobertEra has TARO as the native cryptocurrency. With TARO, users can buy plots of land, virtual real estate, Nft protocols and build or monetize it in many ways.
RobertEra has a Taro Planet where the players can use up to 7 continents to rebuild the planet. The players can take the form of a Robot and buy lands on the Taro planets. Both the Robots and the lands are in the form of minted NFTs.
Tamadoge is a Metaverse, NFT, and P2E project with Meme Coin Potential. Tamadoge is an NFT game based in the Tamaverse where players can earn while feeding, breeding and walking their dogs.
With TAMA, which is the native token of Tamadoge, the players who develop their pets the most are being rewarded. The players receive their reward from the pool, which consists of 65% of the total TAMA tokens spent. 30 % will go to the platform's development and marketing, and the remaining 5% will be burnt for eternity to reduce the 2 billion coin supply.
Tamadoge is based in Tamaverse, but it will soon be incorporated into the Metaverse to enable players to use AR headsets to train their dogs.
Silks is a metaverse gaming platform that thrives by enabling collaboration between racehorse owners, horse farm owners, and speculators. Through collaboration, they promote rewards through thoroughbred racing. This means that members of the silk metaverse gaming platform can trade real thoroughbred horses. Also, they can transform the land into horse farms, buy and trade horses, speculate on land and enter horse ownership pools.
The members get their rewards through breeding, racing, horse staking, contribution to the ecosystem, and mining. The success of the silk metaverse project could be attributed to the quality experience that its founders have.
Battle infinity is a fantasy sports game in the metaverse. It is a play-to-earn platform that combines real-life elements and virtual elements. This means that players can meet and interact in real-time and explore the Metaverse using their Virtual reality headsets.
Players in battle infinity have access to Battle Swap and other platforms, enabling them to purchase the native token IBAT. With IBAT, players can monetize land and place adverts on billboards in the ecosystem. Players can play with a lot of features. They can create their unique avatar, restyle their character's hair, and get additional characters like clothing and sunglasses.
The Real Estate Investment club is a metaverse built for the purpose of education and networking. It provides real estate investment education. The Real Estate Investment club members enjoy the luxury of connecting, socializing and learning from other members.
You will buy one of the NFTs from the REIC collection to gain access to the Real Estate Investment Club. All the members with REIC collections will use MetaHQ as their central hub. MetaHQ lies in the center of Metacity. The real Estate Investment club will use MetaHQ to host their events and meetups.
There are different ways in which you can invest in Metaverse.
1. Investing in Metaverse games
Various gaming platforms are available in Metaverse. Most of the games have the support of metaverse coins which explains why they are thriving. The gaming platforms in Metaverse have witnessed tremendous growth over the past year. The games are pioneered by two top projects, Decentraland, and the Sandbox, although recent smaller projects are gaining interest in these games.
Gamers are most attracted to the play-to-earn option that these metaverse games offer. With the play-to-earn mechanism, gamers can earn rewards for their games, enabling players to monetize their skills.
Some of the top metaverse games include Battle infinity, Decentraland, Axie Infinity, Gods Unchained, and the Sandbox.
2. Invest in Metaverse NFTs
Metaverse NFTs are another good investment that has a likelihood of yielding massive profits. Generally, NFTs have some attractive features and positive prospects. In the metaverse, NFTs are well sought after because of the true ownership of in-game assets that they provide. Also, it is easy to trade in-game items when they are structured as NFTs.
The prediction is that NFTs will become scarce hence making them valuable. Some of the top Metaverse NFTs include Lucky Block, Gods unchained, Battle infinity, Axie Infinity, and Decentraland.
3. Invest in Metaverse Real Estate
Buying lands in the metaverse is another good form of investment. You can invest in Real Estate by participating in metaverse projects. With the projects, you can purchase plots of land. If you want to invest in real estate, you must do deep research because some plots of land are more valuable than others. The particular land you will invest in will be greatly determined by what you want to do with it. So, research the lands most valuable in the metaverse, and invest if it soothes your needs.
4. Invest in Metaverse Crypto
You invest in native tokens of metaverse-based projects. With the tokens, you can perform transactions like staking, transaction and governance. Different metaverse offers a staking mechanism that enables users to make a profit. You will choose the staking option that is beneficial to you.
Most metaverse projects adopt the decentralized autonomous organization mechanism. By this, it means that the members are the ones to govern the activities of the metaverse. Also, with your tokens, you can buy items from the in-world marketplace.
Buying land in Metaverse could be a good investment if you buy for the right reasons. However, it is a risky investment. Metaverse is fast evolving and gaining acceptance, so it makes sense why many investors are investing in metaverse real estate.
To get the best out of your land investment, you have to do thorough research to know what works.
However, just as a clue, you can invest in the land if you have a business to promote. It will be more profitable if your business is targeted towards Gen Zs. This is because most people between 10 to 25 years of age are active in the metaverse. So, you can buy land in the metaverse if your business is majorly for Gen Zs.
Buying land in the metaverse could be a good choice because the metaverse has a strong potential to appreciate value.
Metaverse is gaining wide acceptance and has a tendency to appreciate over time. It could be a good investment if you start investing in the metaverse by buying land in this early stage. You have a variety of options on how you can invest in the metaverse. The main thing you need to do is to do your research and find out the best option that will be most profitable.