What is Metaverse land and
Metaverse land is digital plots of land created within different worlds on the blockchain. They are created using opensource code by people all over the world.
Land in the Metaverse is becoming more and more popular and land values are going up faster than in the physical world we live in. But what is Metaverse property and why are people buying it? I’m going to go over some of the main questions people have when it comes to Metaverse properties so you can get a better idea of what is going on in the world of digital land.
Why buy Metaverse land?
There are a few main reasons people are buying land in the metaverse, which we will cover, but the possibilities are endless just like in real life.
The metaverse is a world where people can move around digital cities and towns as their avatar. Every avatar you see is the representation of a real person. There are art galleries, movie theaters, games, places to hang out and socialize, businesses, concerts, meeting rooms, and much much more.
Lets talk about the main reasons people are buying metaverse property.
Investment
Just like property in the real world Metaverse property is increasing in value year after year. In fact, it is going up faster than property in our physical reality. This is crazy since we are in one of the biggest real estate booms of all time. Many properties that were selling for $500 a few years ago are now selling for $10,000+. Not a bad return on investment. And just like real estate in the real world the sooner you get in the better off you will be in the long run. Even if you never plan on developing the land the value should go up and the amount of available properties goes down.
You can even rent out your buildings or property just like in the real world to collect monthly income.
Business
Many people are buying land in the Metaverse as a business investment. You have a unique opportunity to get property in a great location with lots of traffic for fractions of what it would cost you in our physical world. Imagine buying a downtown business location in a major city for $10,000 – $20,000. That would be the greatest deal of all time! That is the opportunity you have in the Metaverse. These cities are growing by the day with people all over the world the main cities will have millions of people in them daily. People can interact with your business by getting info, buying products, linking to your website or social media, and more. You can kind of look at a business location as a website on steroids. The ultimate online customer interaction with your business. You can even have employees working there to answer questions and sell items or services.
Fun
The Metaverse is the ultimate social media platform. Instead of chat groups where you type and see words other people type, you go to an actual building built around the theme of the group or topic. You can sit down and talk to other people in the group face to face and see their actual movements and facial expressions as you talk to them. It’s is the closest you can get to sitting down in a room with another person without actually doing it. You will be able to play games with your friends or have lunch together while at different jobs across town or in a different country.
Are Metaverse properties NFT's?
Yes. All property purchases in the metaverse come with a smart contract called an NFT (Non-Fungible Token). This token is a contract that entitles you to ownership and all rights to develop, rent out, or sell the property if you choose. Right now most NFT’s are on the Ethereum network, although others such as Cardano are starting to develop NFTs as well.
Individual items that you may have on your property can be NFT’s as well. Such as art, buildings, clothing, cars, etc… These items also have value and can be sold or rented.
How Do I Live In The Metaverse?
As the Metaverse, and the technology around it develops you will mostly interact through VR (Virtual Reality) and AR (Augmented Reality). You will feel like you are in another world and be able to interact with everything in there. You can hang out on the couch and watch TV, go to converts, buy food that is delivered to you in real life, talk to friends, appreciate art, play games, and more.
Pick your Metaverse
The metaverse isn’t one environment. It is many environments that do many things. The 2 main Metaverses are Sandbox and Decentraland, although there are many on their heels. These 2 are also the most expensive as well, and although probably worth it, there are cheaper options with some of the up and coming projects. One that I have been looking at is Unreal Fruits. Their homes start at $500.
Get A Job
That’s right, you can work in the metaverse. I was just looking at a game where you can own a mechanic shop for the ships they use in the races. So if a racer breaks something on their ship during a race they pay you to fix it. You can start a car dealership, any kind of retail store, taxi service, ad agency, and much much more. We are only just now starting to scratch the surface on what’s possible.
Does A House Come With The Land?
Sometimes. Some land is sold bare and you have to develop it. If you are not a designer yourself you will most likely need to pay someone else to build your home, business, or whatever you are putting on the property. Some Land comes with a home, business, or experience already on it so you will not need to pay a builder.
Buying Undeveloped Metaverse Property
Just like in the real world your property needs to match your needs and budget. Buying undeveloped land is great because it is a blank canvas. You can build any kind of building, art, or, experience you want. The downside to this is that it will cost you extra money to build.
Buying Developed Metaverse Property
When buying developed property in the metaverse all the work is done for you which is nice. It is move in ready. The downside is that you won’t get to customize every detail yourself. Most of these houses are so cool though unless you have an exact purpose you should be able to find a great house at a great price.
What Else Can I Get For My Metaverse Property?
Besides your house or business there are many ways you can customize your property and self in the Metaverse. Game items, clothing, furniture, and more. All items come with an NFT to verify ownership and properties of the item.
Furnish Your Home
You can buy anything for your home that you can buy in real life. Couches, chairs, art, working TV’s, tables, BBQ, volleyball net…You get the idea. All items for your home come with an NFT to verify ownership as well as other attributes and terms.
Buy Vehicles To Get Around
These worlds are immense and they will get bigger. Having a vehicle to explore will be handy to have. Not to mention that a lot of the vehicles people are designing are pretty awesome look great. I would imagine there will be a lot of car lots in the metaverse so the will be no shortage of options.
Customize Your Avatar
You can customize your avatar with new clothes and accessories. Fill your closet with clothes, watches, jewelry, and costumes. New clothing is being designed everyday and there is literally any style you can imagine.
Buy Metaverse Property
Lake Village House | Pre-Sale
Luxurious modern style house by the lake. The house comes with a beautiful 2000 mt2 land and a dock for yachts. The property can be used to build your business in the metaverse, and you can sell it for profit here on MetaChainProperties.com
Pineapple Village | Pre-Sale
There are a lot of reasons to buy property in pineapple village.
- They are awesome
- They are affordable
- They are a great investment
- You can keep art and other NFT items there
- You can rent them out or resell them right here on MetaChainProperties.com
- They give you access to the play to earn racing where you can race or sponsor a professional racer for part of the profits.
- They give you access to MagaCity
- You can hang out with friends there
Celebrity Village | Pre-Sale
Beautiful house in a celebrity town with a beautiful 10,000mt2 plot and a beautiful pool. The property can be used to build your metaverse business, but you can also sell it for profit right here on MetaChainProperties.com.