Virtual real estate has become increasingly popular as the metaverse continues to gain momentum. The metaverse is a virtual world where users can interact with one another and participate in various activities. One of the most exciting aspects of the metaverse is virtual real estate, which is land that users can purchase and develop within the virtual world. In this article, we will explore the top platforms for investing in metaverse land.
- Decentraland
Decentraland is a blockchain-based virtual world where users can buy, sell, and develop virtual real estate. The Decentraland metaverse is divided into parcels of land called LAND, which can be purchased using the platform’s native cryptocurrency, MANA. Users can then develop their LAND by creating virtual buildings, games, and experiences. The value of Decentraland LAND has increased significantly in recent years, making it an attractive investment opportunity.
Somnium Space is a VR-powered metaverse that allows users to buy and develop virtual real estate. Somnium Space parcels are called parcels, and they are sold using the platform’s native cryptocurrency, Somnium Cubes (CUBE). Users can develop their parcels by building virtual structures and experiences, such as games and social spaces. Somnium Space has gained popularity in the NFT community, with some parcels selling for millions of dollars.
- The Sandbox
The Sandbox is a decentralized virtual world where users can buy, sell, and develop virtual real estate. The Sandbox land is called LAND, and it is sold using the platform’s native cryptocurrency, SAND. Users can develop their LAND by creating virtual experiences, games, and social spaces. The Sandbox has partnered with several well-known brands, such as Atari and Square Enix, to create virtual experiences within the metaverse.
Cryptovoxels is a virtual world built on the Ethereum blockchain. Users can buy and develop virtual real estate within the platform, which is called parcels. Cryptovoxels parcels can be purchased using Ethereum (ETH) or DAI, a stablecoin pegged to the US dollar. Users can develop their parcels by creating virtual buildings and experiences, such as art galleries and social spaces. Cryptovoxels has gained popularity in the NFT community, with some parcels selling for significant amounts.
Axie Infinity is a blockchain-based game that allows users to buy, breed, and battle digital creatures called Axies. In addition to the game, Axie Infinity also has a metaverse where users can buy and develop virtual real estate. Axie Infinity land is called land plots, and they can be purchased using the platform’s native cryptocurrency, AXS. Users can develop their land plots by creating virtual structures and experiences, such as games and social spaces.
Investing in metaverse land has become an exciting opportunity for investors and gamers alike. These virtual worlds provide a unique opportunity to own and develop digital real estate within a growing metaverse. The platforms listed above are some of the top options for investing in metaverse land, each with its own unique features and benefits. As the metaverse continues to gain momentum, it is likely that we will see even more platforms emerge, offering new opportunities for investors and gamers alike.