Virtual real estate is the land in the metaverse. We all are predicting that we’ll spend most of our time in the future in the metaverse. And as it will get importance the value of the land will get importance. But is it worth it? Let’s find out.
How do you buy virtual land in the metaverse?
There are so many Metaverse (decentraland, sandbox, earth2). But what is good about that is they all are NFTs. And they can be bought on any NFT marketplace.
So for the sake of convenience we will look at how to buy a sandbox (metaverse) plot on opensea (nft marketplace).
Connect your wallet to opensea
Search for Sandbox and you will see all the land in the Sandbox.
Now choose the land you want to buy .
Click on “ Buy now” and pay the ether from your wallet.
Voila! you have bought your first virtual real estate.
What are the TOP 5 criteria you would use to evaluate a virtual real estate investment?
The developments in that metaverse comparative to others
What is the average investment return?
Did the metaverse get the mainstream attention?
Are people building on top of the land?
How real the metaverse is?
If the answers of these questions are YES then you may consider buying virtual real estate.
What are the top 3 risks in virtual land as an investment?
The value may go to zero.
Illiquidity. There are not enough buyers and sellers.
Uncertainty that metaverse will be a reality.
What are the earning opportunities for virtual land as an investment?
You can sell it for profit.
You can rent it out.
You can make something on top of it and can charge people to have access of it.
What are some upcoming metaverses to watch for virtual land opportunities?
Sandbox
Decentraland
Somnium Space
Metaverse is really exciting. And nothing can be more exciting than owning a piece of it.