As we move into the digital world—the metaverse and our lives intertwine with virtual and augmented reality, what’s real is slowly askew. Our lives and the world rely on deep and connected human interaction for a sense of purpose. Virtual estate (Virtual real estate) goes beyond the commonplace of SandBox and Decentraland and, in the future, will become the center-place of beautiful interactions across all life spheres. 

Mark Zuckerberg’s lecture on Meta was delivered via an avatar—a thoroughly handsome digital version of Mark. He wore a crisp black shirt and smooth pair of trousers and moved from one stunning backdrop of intentional architecture to another backdrop of luxury interior designs. 

The most successful metaverse investors were early adopters who knew the future would go beyond what the internet offered, and like every investment sphere, they took a risk. Today, purchasing land in the Metaverse is still relatively new—no one has yet explored the length and breadth of what the Metaverse offers. It’s only a glimpse—yet within this glimpse lie the endless possibility of a new, limitless human interaction, financial rewards, and exciting features. 

The Metaverse

You get home on a cold Thursday evening. You shower, pick up your VR goggles and enter a new world. A world where you can invite your best friend in Paris to join you for a musical concert. Kate, your colleague, sends you a link to artwork in the center of New York. The art is animated, live, and moves in unimaginable 3D patterns. You see a quick TV show on a VR television a kid in China created—it’s just $10. The concert gets boring, and you reel back into your private bubble—your home. 

The intrigue of virtual reality through the metaverse has made it a financial goldmine, long-term and short-term. While the world suffers from recent cryptocurrency price plunges, the future of the Metaverse is assured. 

Buying Land in the Metaverse

Virtual lands exist within the private servers of the companies that create them. SandBox, Axie Infinity, and Decantraland are some of the most popular metaverses in the world. Before you buy a piece of land in a metaverse, you need to map out an ‘experience plan.’ Most people who enter the Metaverse want a different experience, and the richer and more in-depth the experiences you create, the more traffic your property will enjoy.

Before buying or even creating metaverse experiences, understanding the market patterns, when to buy and sell, and how to protect yourself from cryptocurrency crashes and crypto-recession will help you determine a probable entry point and strategies to buy profitable land pieces.  

It’s All About Location

Real-world estate prices are often determined by their location. The prices of houses in Oakwood, Ohio, may pale compared to Manhattan. Where is the land located? What general facilities are in the area? Security? Social amenities, schools, hospitals? Are you buying a property in a tourist city? Perhaps you can list your home on Airbnb when you travel. Is the land close to a mall? What is the crime rate, and how many miles do you drive to get to a suitable private school for your children? These questions are valid in real life and are just as valid in the metaverse. 

For starters, your decision on location depends on how big your investment capital gets. Company cluster areas (where some of the biggest brands set up plazas, games, and immersive experiences) are incomprehensively expensive, and a single plot of land, SandBox or Decentraland, will cost millions. These areas are the Silicon Valleys of the Metaverse—the prized plots with traffic; however, if you are a small-time investor looking for a quick turnover, buying a plot beside a mall or some plots away from a concert center will do the trick. Buying a plot close to a celebrity’s house can prove an excellent investment. For example, Investor P-Ape shelled half a million dollars for a plot of land beside SnoopVerse in the SandBox—intelligent and perceptive—he would recoup the investment. 

In the Decentraland, purchasing Land close to Genesis Plaza or districts like Dragon City and Vegas City are valuable investment options. 

Creating the Experience

The Metaverse is all about the experience; whether you are purchasing Land to flip at a later date or want to create your own metaverse home, heroes, and NFT items, you must consider the experience. Understanding what the metaverse offers and the sentimentality of the beautiful world will open your eyes to opportunities—and not just to make money, but to be a part of something endlessly great. 

VR Goggles are just a starting point. Metaverses should offer an immersive experience—real-life simulations with human interactions. You can create a virtual shared office space for meetings and have different avatars for different occasions. How about clothes? A custom-made digital Nike collection of sneakers combined with a grey suit on a Monday morning is as official as it gets. Get creative with your gaming avatars and weapons. Conquer kingdoms and fortify your castle. The Metaverse is your world. You control the circumstances, and you can sell your NFTs in the Metaverse marketplaces. 

If you bought a home today, would you leave it to rot? Perhaps not. But if you bought a piece of land, you can follow trends to know if a metaverse area may become hot in the future. An event center can spill into further developments a mile away—it may take years, but it will happen. Eventgoers would need a place to rest, a mall to shop, tickets, and other side attractions. One event center created by a brand can lead to more concert halls—and then a hub. 

The smart investor understands the concept of buying low and selling high. If you only buy when the media hypes a purchase or a metaverse location, you will be buying at an exorbitant price, when you could have perceptively bought the same land years ago and sold for a million dollars when innovative developments begin. 

Maintaining Values of Land in the Metaverse

The metaverse world, especially for games like Axie, is community-driven and player-owned; that is, you get what you build. As more people become meta-struck and buy properties, the saturation spreads, and prices climb. A thriving metaverse ecosystem should be interoperable—players should be able to connect assets and NFTs from one marketplace to the other. Interaction is the core of the metaverse. The Metaverse differs from social media because it is immersive—a fantasy getaway where you can be anything. Your avatar can be a fish that swims through the air or a floating bat, a deer, or moose. 

Mark Zuckerberg, Meta’s CEO and a metaverse visionary spoke extensively on interoperability and teleportation in one of his Metaverse releases. The technology is in the works, but presenting immersive experiences in many metaverses has made them valuable. The fact that virtual estates and their valuations are endless makes the metaverse exciting. We have not even scratched the surface of teleportation. Virtual meetings, exhibitions, and real estate. 

Incubate with Us- Metaworks Holdings

Metaworks Holdings is an incubation company formed to create new, foundationally stable, scalable business units primarily focused on modeling existing, successful, traditional, and/or progressive recurring revenue streams existing within existing and new Metaverse.The ultimate goal is for each business unit to raise money independently and provide best-in-class products or services in each of their respective industries. Additionally, all units incubated under Metaworks will be able to get added benefits from the other businesses’ goods or services in our ecosystem. Find out more: metaworksholdings.com.

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