Virtual Lands in The Metaverse
Introduction
One of the most prized investments is real estate. Investors in real estate properties mostly do it for the long term — knowing full well that real estates appreciate and never depreciates.
In today’s world, real estate investors are taking things further by investing in what is called ‘virtual lands’. Virtual lands are unique real estate properties that exist in a digital world. They are the next big real estate portfolio investors ready to jump on technological trends are taking chances on.
What is the Metaverse?
The Conversation defines the metaverse as “an integrated network of 3D virtual worlds.” These worlds are accessed through a virtual reality headset — users navigate the metaverse using their eye movements, feedback controllers, or voice commands. The headset immerses the user, stimulating what is known as presence, created by generating the physical sensation of being there.
What is Virtual Land?
The digital realm encompassing the physical space and geography where players can navigate within the metaverse is virtual land. This virtual land can take on various forms, from a basic 2D pixelated setting to an abstract 3D space consisting of only white or black boxes or a detailed 3D world filled with mountains, oceans, and numerous other elements limited only by one’s imagination.
Now that you know what the metaverse and virtual land are, you might want to ask the question:
Why should I buy virtual lands in the metaverse?
Several factors can influence the decision to invest in a virtual land in the metaverse. Below are some of them:
1) Rarity: Just like physical lands, virtual lands in the metaverse are of limited supply. When you own a virtual land in the metaverse, you can do anything you want with it. Think of creating leaseable buildings, designing event venues, building gaming facilities for metaverse gamers, and hosting virtual events — right inside your villa in the metaverse.
2) Uniqueness: Any parcel of virtual land you purchase in the metaverse is wholly unique. Your purchase is secured through a Non-Fungible Token (NFT), which is a deed of proof of ownership of that property. Every transaction regarding the property is stored on a decentralized ledger, making it easy for you to resell the property to any interested party.
3) Making passive income: One of the reasons people own virtual lands in the metaverse is to make passive income, and they do this by renting out their virtual real estate properties to make quick passive income.
4) The Experience: Some investment decisions to own virtual lands are simply motivated by the experience of following technological trends and enjoying them while it lasts. Some celebrities have virtual lands in the metaverse and even allow others to own a piece of their virtual worlds. An undisclosed individual reportedly bought a property in Snoop Dogg’s virtual world for a whooping sum of $450,000.
Top 10 Metaverse Virtual Worlds with Land
Below are top lists of metaverse platforms that offer NFT virtual land for users:
1. Decentraland
2. Somnium Space
3. Voxels
4. The Sandbox
5. NFT Worlds
6. HELIX
7. WorldWide Webb
8. NetVRK
9. Matrix World
10. Treeverse
About TNB (Time New Bank)
Time New Bank (TNB) is a fully decentralized blockchain-based metaverse project aiming to build the most prominent intellectual property (IP) trading platform. TNB seeks to do this by bringing together metaverse artists, promoters, brokers, IP scouts, and NFT collectors. Several intellectual properties, such as virtual idols, virtual pets, virtual lands, virtual architecture, virtual tools, and in-game assets, will be traded on the TNB platform.
Follow TNB socials for more updated news:
Telegram: https://t.me/tmnsEn
Channel: https://t.me/tnbofficial
Twitter: https://twitter.com/TimeNewBank
Medium: https://timenewbank.medium.com/
Discord: https://discord.gg/6KgzeaGn67
