Welcome, First before we talk about Virtual Lands, we must first know what Metaverse are?
The term metaverse appeared to the general public when Facebook decided to change its name to Meta, and metaverse is a virtual world and digital reality that combines virtual reality technologies, augmented reality, digital currencies and digital assets.
Individuals will wander into this world, talk and share their feelings, a virtual world with land, space, real estate buildings, animals and valleys.
The prices for these lands and buildings vary depending on whether they are rural or close to the seas and valleys and so on, and the beauty is that they do not match the real world in terms of the financial cost of maintenance and restoration and taxes-the cost is non - existent-but prices for this land are still high because of the "FOMO"
Having learned about metaverse, we now move on to learn together about the usefulness of virtual lands in the world of metaverse, which may be for work, advertising, communication, gatherings, and many other things.
Virtual lands make a continuous profit, and you are allowed to carry out missions, and you get prizes, and you may also get from that land to objects, you can also sell a large percentage of them at a very expensive price, and some game platforms can achieve continuous profits through these lands, for example in a game axie infinity.
After the purchase, the land is in your ownership and is a property for you, you can build on it or sell it at a more expensive price, and you can also rent it in some platforms, and you can invite friends to that land and meet them in the metaverse.
Some of the cryptocurrency metaverse:
- Sand
- MANA
- Blok
- AXS
- Hero
- Atlas
Platforms where you can buy land
- The Sandbox
- Decentraland
- Axie Infinity
Land prices:
The prices will vary from platform to another, and from Group to group, and are often associated with the passage of time, and now it is much more expensive than had been raised by him, for instance, in the territory of The SandBox offers a price less the land of the $13,340, rising the value of the land if in a rare place, as well as the ranking and expensive if it's next to the home of a famous person such as what happened with the person who purchased the land near the land Snoop Dogg at the price of half a million just to be your neighbor in the latter.
Why companies buy virtual land:
The answer is that they do this often for the purpose of marketing, as these virtual lands allow companies to build stores and display their products online in a modern way, and with the beginning of the popularity of large companies we will notice that the lands will increase in value more and more.
Most of the most famous places in the world such as football stadiums or tourist attractions have been purchased, but there is still an opportunity to buy land and places next to these attractions that may have a high value in the future because the number of land is fixed, and it is expected with the increase in the number of users that most of the land in large cities and land around the attractions will be purchased so that the price will increase in the future.
As an additional information, the land can not be sold to the platform again and can only be sold to other users, and to buy and sell the land you must have a digital wallet and a balance of BNB, and also any land sold in the future the first buyer of the land will receive a commission of 0.5% so the chance of profit is higher when buying land in the excellent location before increasing the popularity of the platform.
No one knows exactly when we will live in the world of Metaverse, as this depends on the technological developments of virtual reality, augmented reality, sensors, etc., in addition to software for this world such as artificial intelligence techniques.
The prospects of this world are unlimited, such as linking it to the actual economy through the technology of non-fungible tokens (NFTs) and others, and it also needs to develop systems and laws that govern this completely new world, and the current time is an opportunity to build this world, which drives many technology giants to enter this world, and may lead The slow internet and the high price of equipment related to this new technology hinder the entry of many to this big and new world.
