The metaverse concept gained tremendous popularity in 2021, so how can you buy a piece of land within it?
The term metaverse was originally coined by Neal Stephenson in 1992. As a concept, it has gained incredible traction among people by allowing them to live and build their own virtual fantasy world.
Major metaverse projects such as Decantraland and Sandbox have offered enticing virtual real estate offers. These projects / games allow investors to purchase land in the virtual world such as NFTs, which have significant resale value. Here's how to get involved.
How does Land work in the Metaverse?
The virtual textures or lands in the Metaverse act as non-fungible tokens or NFTs. These allow investors to own the piece of land in all its exclusivity without sharing it with any other person, just like the real world.
These virtual lots can be owned by acquiring native crypto tokens such as MANA for Decentraland or SAND for The Sandbox and subsequently spending them on these projects to purchase real estate such as land and buildings.
However, what it shows is that there is no such thing as a "metaverse". Does the metaverse really exist or is it just another buzzword thrown on the Internet for marketing purposes? We are not so sure. Regardless, we're still in the early stages and we've highlighted two major initiatives in the Metaverse below.
How to buy Metaverse Land?
Sandbox and Decentraland are two of the main "Metaverses" in the space of cryptocurrencies. However, if you just want to buy some form of virtual land, you can also buy plots of land in Axie Infinity.
Here's how to buy land in The Sandbox and Decentraland.
Land available - 166.464 parcels
Average price - $ 13,8 thousand (via NFT statistics)
- Set up a wallet and account with The Sandbox.
- Purchase $ SAND tokens via an exchange of your choice.
- Transfer the $ SAND tokens purchased from your exchange to your The Sandbox wallet.
- Visit The Sandbox Market and search for a suitable property / plot of land just as you are looking in the real world (check the property's location, value, resale prospects before buying it).
- Press the Buy Land button to close the deal!
For those who do not feel ready to buy cryptocurrencies, they can also try to trade them via CFDs with safe and reliable platforms such as Bitcoin Pro. This platform, which has already been available for several years, is used a lot especially by beginners, as it provides both manual and automatic trading modes. Also, you can try it for free via demo account. Give it a try and let us know what you think in the comments below!