What is Real Estate in the Metaverse, Virtual Land
The Pink City.
Image created 2022, by Mid journey AI and prompt from the author.
A metaverse is a digital world that people can interact with using their avatars.
The first mention of a metaverse can be found in Neal Stephenson’s 1992, Snow Crash, a science fiction novel.
Metaverse describes a combination of virtual reality and mixed reality worlds accessed via a browser or headset. It allows people to have real-time interactions and experiences across distances.
Real estate in the metaverse
Investors own parcels of virtual land where people can sell NFTs, socialize and play games.
Metaverse real estate consists of programmable virtual reality spaces that give people places to attend meetings, sell NFTs, socialize, go to virtual concerts, and perform an extensive amount of virtual activities.
It’s virtual property within the digital world.
An example of real estate in the metaverse is SuperWorld, a virtual world where you can buy, sell, and collect pieces of virtual land.
Metaverse is an open and shared universe that allows people to participate as digital avatars.
Similar to real-world transactions, metaverse purchases will go via brokers and property managers.
But these brokers and property managers do not need a real estate license and are not regulated by any organizations.
In this space, buyers and sellers will want to work with someone they can trust.
How to buy land in the Metaverse?
Choose a Metaverse platform…
Decentraland, Illuvium, Sandbox, Axie Infinity, Metahero, Cryptovoxels, Bloktopia…
Set up your digital wallet with Cryptocurrencies.
Setting up your NFT or cryptocurrency wallet. Use Metamask for example.