Everyone seems to be talking about the metaverse at the moment. When Facebook changed its name to Meta last October, the phrase soared in usage.
Since then, many people have become curious about what the “metaverse” truly contains (and potentially find themselves perplexed).
The virtual and physical worlds are combined to create the metaverse.
Humans, according to proponents of the metaverse, will soon spend the majority of their waking hours in an enhanced environment.
Virtual real estate (aka virtual land) may represent the future of physical reality in this regard.
Given how much our lives have changed since the COVID-19 epidemic, such a breakthrough in technology isn’t out of the question.
Interacting with others via a screen has become the norm, whether it’s with coworkers in VR Chat or creating your virtual world on one of the various blockchain gaming platforms.
We’ll need a place to call home if we’re going to be spending most of our time in virtual worlds in the future. As a first step, you should purchase some metaverse real estate for your future digital house.
The digital land grab is already taking place, but it’s not only for the wealthy. There are more cheap solutions available as well.
It’s not for everyone to shell out a few thousand dollars for a piece of metaverse property. It may be a good option for individuals who want to own a home but cannot afford to buy land in the real world in 2022 as real estate prices continue to rise.
Now is a great time to get a head start on the virtual home you’ll be leaving to your virtual children in the future.
Here’s a quick guide to getting things started.
Before you acquire virtual property
In the real world, as much as on the blockchain, nothing is truly free. Because of this, you’ll have to pay a fee to acquire land in the metaverse.
The Ethereum blockchain is used by the majority of popular metaverse games that allow players to purchase the property.
As a result, since the vast majority of items available for purchase are traded in NFTs, the vast majority of transactions may be completed using ETH. Many metaverse games can be played on the same blockchain, which makes things easier.
If you don’t already have a cryptocurrency wallet, check out our MetaMask setup tutorial. As long as you have an account on an exchange like Coinbase, it is possible to transfer Ethereum (ETH) to your MetaMask wallet via the MetaMask app.
Some platforms, however, do not necessitate the use of ETH. Tokens may be purchased with a credit card and used to acquire digital land on several platforms. Try Second Life or Upland for games that accept a larger range of payment options.
The metaverse’s best places to invest in real estate
Virtual property may be acquired in a slew of metaverse games. You’ll likely have to purchase a piece or house on the secondary market, as most of them ran out of land a long time ago.
Here’s a look at some of the most popular areas to buy real estate before you rush out and buy a house.
Each floor price will be listed in ETH, as many of these platforms allow users to buy tokens that can be used for in-game purchases.
Cost: 3.24 ETH (~$9,500) via The Sandbox collection
The Sandbox is a virtual world where gamers can build, own, and make money from their games.
Sandbox is a blockchain gaming platform that has three products that work together: VoxEdit, where users can make and move 3D objects, Marketplace, where users can upload, share, and sell their NFT creations, and Game Maker, which lets anyone make amazing 3D games for free.
Players can buy land and fill it with games, assets, and other things that make the game more fun.
— Decentraland (@decentraland) December 9, 2021
Cost: 4.6 ETH (~$13,000) via the Decentraland collection
Decentraland is a 3D virtual world where people can explore a huge digital space and buy virtual plots of land. The game can be played even if you don’t have a crypto wallet, but you need one to buy metaverse wearables.
Once users own land, they can use the Decentraland editor to build on it or import 3D models from other programs.
Cost: 1.44 ETH (~$4,200) via the Treeverse Plots collection
The Treeverse is a pixel-themed metaverse experience made by NFT fan Loopify. If you want to fight monsters and make weapons, you can play this fantasy MMORPG in an open world.
People who buy a Founders Plot can build public homes, rent out their land, and more. Treeverse is divided into different NFT collections.
A few Honolulu parcels sold in an instant yesterday! you can still join the world and get yourself a parcel in Kauai!
— Cryptovoxels (@cryptovoxels) November 23, 2021
Cost: 1.7 ETH (~$4,900) via the Cryptovoxels collection
In Cryptovoxels a virtual world that has a city called “Origin City,” Within the city, there are streets owned by “the corporation” and parcels owned by the people who live there.
Owners of parcels can build on their land or add and remove blocks and features. They can also sell their land. If you own a lot in Minecraft, you can also make it a “sandbox parcel.” This means anyone can build on the land.
Cost: 2.44 ETH (~$7,100) via the Worldwide Webb Land collection
Worldwide Webb is a pixel art MMORPG metaverse game that is compatible with other games that use NFTs. It makes these games more useful. For example, the game has in-game avatars and pets that are made of NFTs. They also have virtual homes, items, and quests.
Virtual lands on the Worldwide Web are places that users can own and control. They can be used to host social events, pets, avatars, and games, and they can also be used for other things. They can even let people make their smart contracts and sell their art.
Community Spotlight: Amazing Waterfront 🌊 #VR villa created in Somnium Builder by @chandalak_vr with #NFT Car and Kayak parked in it. Pool, Tennis court, terrace, gallery and more. Accessible instantly from any device as well as in native #VR mode
— Somnium Space (@SomniumSpace) January 25, 2022
Cost: 3.2 ETH (~$9,300) via the Somnium Space collection
In Somnium Space, there is an open virtual world with its economy and money. In Somnium Space, users can create their avatars, properties, and experiences.
The game has a full VR market and can be played on a computer or a mobile device, but it’s best to play it with a VR headset to get the most out of it.
How to buy virtual land?
OpenSea is the easiest way to buy virtual real estate because every game on the above list is built on the Ethereum blockchain, so you can do it there. Parcels are unique NFTs that can be traded and moved like any other NFT.
An NFT plot of land is just like any other NFT. Connect your crypto wallet to OpenSea, choose the collection and NFT you want, and click the big “Buy Now” button to start the process.
There are usually ways to buy land in-game as well as through NFT trading if you don’t want to go through all of that.
If you’ve ever bought something online, this whole process will be very familiar to you. We’ll use the example of Decentraland to show you how it can be used.
To look at and buy land in Decentraland, all you need to do is go to the Decentraland Market. Once you get there, go to the “Land” section and find a piece of land that fits your budget.
Once you find a parcel and start the purchase, the in-game prompt will help you with the rest of the process. In Decentraland, you can only buy NFTs with ETH or MANA, which is the native currency of Decentraland.
In the sandbox with sand, this is also the case. You don’t have to be afraid of the new token, though. You can buy both Mana and Sand just like you can buy Fortnite V-Bucks.
Once the deal is done, that’s it! All it takes is a quick check of your OpenSea account or in-game wallet to make sure that you are now the owner of some metaverse land.