An easy read...
Introduction
More often, we hear people speak about investing in real estate (buying houses, lands, etc.). Many billionaires, due to their owned real properties have been borne out of this thus far, due to the appreciation of their investments over time.
In this article, I will be showing you how to add investors to your name, by buying land. But, this time, it isn't the usual physical purchase, but a virtual one (online).
Yes! You heard right. I will be teaching you how to buy land online in the metaverse.
Sounds ridiculous right?
Well, let's see if it truly is!
What Is A Metaverse?
A metaverse is an immersive or virtual space that coherently combines planned elements with self-generated/automatically produced components, all influenced by a community or engaged users.
Metaverses are parallel digital universes that offer a set of unique experiences to users.
Liking the digital metaverse to the non-digital metaverse (one attributed with physical houses, lands, estates, etc), we can say that the digital real estates form the basis/foundation of the digital metaverse, just as lands, houses, and duplexes, form the non-digital metaverse.
This is so because; the purchased plots of virtual lands allow users to develop and create whatever they want on these parcels of land.
Giving a literal explanation of the above;
Let's assume Mr A, who is offline, bought land offline, can decide to build a living home on the land, convert it into a block industry, build a factory/warehouse on it or even sell the land off as it appreciates - all his choice. In consequence, a virtual land owner on metaverse can choose to do any of the following on his land - socialize, advertise, work, game and so many other virtual guaranteed activities.
What Can The Metaverse Offer Me?
As the world is constantly developing technologically, one cannot emphasize the certainty of not achieving anything in the metaverse.
You can buy land on metaverse and do any of the following on it;
Work:
The metaverse could serve as a space for work, where people can come together to hold meetings and business presentations, and share thoughts/business ideas while still seeing each other, as though it was physical. An example of such a metaverse is the Facebook metaverse.
Fun:
The freedom to host/participate in online shows/events like it was physical, should be one of the best things one can get from the metaverse. More reasons you should be a part of it!
Shop:
Virtual shops in the metaverse make shopping easier, as one can have a personalized virtual avatar that checks the fitness of items for purchasing, and converse with sellers as can be done physically.
Brokering
And many more...
The Metaverse market size is predicted to reach as much as $800 billion by 2024. This and much more are reasons you should be part of this great revolution. You shouldn't be left out.
Now that I've given you an insight into the metaverse and things you can do in the metaverse, I wouldn't mind if you get a glass of water, as we run through the main purpose of our journey - how to buy land in the metaverse.
4 Easy Steps To Buy Land In The Metaverse
Buying and selling virtual lands follow the same principles of Non-Fungible Tokens (NFTs).
Just like the physical land purchase, you select a piece of land you're interested in purchasing, but instead of lands and houses, your plots come in the form of NFT, as it is blockchain etched, to protect owners from frauds and other undesirable events.
Some easy steps to buy land in the metaverse;
Create a digital crypto wallet
Buy Cryptocurrency
Select your metaverse
Buy and confirm your purchase
Create a digital crypto wallet
This is necessary, as most metaverses will require you to make your transactions with cryptocurrency. This will also boost the security of your digital assets, and ascertain your ownership, but while doing this, you have to ensure the wallet supports the currency of the virtual project you wish to invest in.
Some digital crypto wallets are Binance wallet, MetaMask, Trust wallet, etc.
Buy cryptocurrency
This is the main reason for the first step. Without a wallet, you cannot buy cryptocurrency.
So, as previously mentioned, you will need a cryptocurrency to make complete transactions.
Examples of some of these cryptocurrencies are SAND, Binance, MANA, etc.
Select your metaverse
Just like physical land purchase, you select the location of your choice, by comparing available options like area, properties and amounts of land that will differ according to the metaverse.
Buy and confirm your purchase
Having your wallet, your cryptocurrency and also selecting your plot in the metaverse of your choice, you can go ahead to click on buy. Once your action is executed, your purchased plot in the form of NFT, will appear in your wallet.
You can now choose to hold on to it for a while, build on it or resale it when it appreciates.
CONCLUSION
Actually, it is very obvious now that buying land in the metaverse isn't a big deal, right?
Anyone can achieve it, as long as technology is involved, all from your comfort.
You can follow me for more How-To updates. Thank you for your time.