Year by year, the number of people interested in Metaverse increases. Some people do not like the idea of an alternative universe, but they surely can’t deny the advantages of being its member. The Metaverse that has just joined our lives will allow people to move between different devices, combining the real and virtual with a sci-fi vision. Communication, entertainment, trade, and, most importantly, investment are possible in this virtual world.
Crypto enthusiasts and metaverse prospectors are actually trying to buy land in Metaverse. After owning a virtual area, they can do whatever they want with their real estate property. They can resell it or rent it out; by doing so, you’ll learn one of the best ways of how to make money on Metaverse.
But before passing to the simple ways to buy real estate in Metaverse, let us quickly clarify what Metaverse is for those unfamiliar.
What is Metaverse?
The first use of the term “metaverse” is credited to Neil Stevenson, author of the 1992 science fiction novel Avalanche, in which he imagined lifelike avatars would meet and communicate in virtual world environments.
Simply said, the Metaverse is a parallel digital universe that exists in parallel with the real world. People can connect to it in the form of avatars and do everything they do in our natural world. Avatars do everything people do in real life; they go work, build houses, communicate with each other, and go shopping. Metaverse members can make their avatars whoever they want them to be. You can check out different video learning platforms to gain more knowledge about the Metaverse and use it to your advantage.
The first way to buy real estate in Metaverse
Buying land in the Metaverse is usually done with cryptocurrencies. Decentraland, Sandbox, Polkadot, and other Metaverse have their own cryptocurrencies, but most of them are built on the Ethereum (ETH) network.
The first way to buy real estate in Metaverse is to buy it from the primary marketplace. The most popular platforms to buy land are Decentraland and Sandbox. For both apps, you need to download a Chrome extension called Metamask, an online wallet designed to store digital assets. Then, you can buy metaverse property in the marketplaces of these platforms.
The second way to buy real estate in Metaverse
Another way to buy real estate in Metaverse is to buy it from a secondary marketplace. Very often, metaverse members resell their metaverse property by themselves or in NFT marketplaces. Sometimes they use online payment software, other times they can make transactions through their digital assets.
The third way to buy real estate in Metaverse
The last way to buy real estate in Metaverse that we are going to talk about is buying land via a virtual real estate agent. Metaverse has real estate agents like in the real-life real estate industry. You can find them in the digital world by doing good research. You can find these people on LinkedIn. They usually don’t have any certification or license to be a Metaverse real estate agent; nevertheless, they often have some experience in the field.
To conclude, it is important to say that the real estate trade has increased people’s interest in Metaverses because not only it is fun to be a part of this virtual universe, but there is an opportunity to earn money too.