Creating a metaverse is a way to improve customer relationships. Brands are willing to spend in millions to build metaverse. The metaverse real estate is on the boom and we are left wondering if it is real.
Technologists say that the metaverse is the next level of the internet. It’s a virtual reality platform where people will be able to play games, connect with friends, attend meetings, and even go to virtual concerts. So, it is real.
The question is are the parcels of land real? No in many cases. And, many be yes if real-world real estate companies market their parcels of land through the metaverse.
Otherwise, there is a land rush where early speculators, celebrities and others who are interested in the metaverse real estate buying parcels of land that does not even exist in the real time world.
So, what sense does this real estate make when these real parcels of land do not exist in the real time world? They are buying Virtual land.
For instance, “The average real estate parcel in The Sandbox metaverse platform was worth $2,620 in mid-October, according to nonfungible.com. A month later, after Facebook’s announcement, that price skyrocketed to $11,042.”
Particularly, after Facebook announced their meta, the interest in the metaverse in booming. The metaverse worlds have their own economy and they make use of cryptocurrencies for currencies. The Sandbox (SAND), Decentraland (MANA), Enjin (ENJ), Render (RNDR), Wild World (WILD) are very commonly known metaverse spaces where investors flock in to make their first investment.
While buying metaverse tokens is one thing, buying those with liquidity is another thing. Not all metaverse tokens have liquidity. Also, there is no guarantee that the prices will hold.
The metaverse is sure set to be a multi-trillion-dollar industry.
Important brands in the Metaverse space are: Meta – Facebook; Disney – MagicBand+; Hyundai – Roblox; RTFKT Studios on Twitter; In the Heights Block Party – Roblox; Coca-Cola – Tafi; Louis Vuitton – Louis The Game; Charli Cohen & Selfridges – Electric/City.
There are lot of options to make money from the metaverse like the Play to Earn Games, Online Shopping, Online Partying and Concert Participation, Becoming a Real Estate Dealer of Prime Properties, Land Renting on the Metaverse, Running E-Commerce Business on Metaverse and Deliver in Real-world; open art gallery, and promoting business.
Those who are prospecting to buy in to metaverse crypto projects usually deposit some native coins and hangout (hoping the coins will gain value) and they also play some games trying to earn more money. Other methods of investing in the metaverse is to create one on a cryptocurrency exchange like Coinbase or crypto.com or buy a native metaverse coin.
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