When our nomadic ancestors decided to settle down in the agricultural community, the idea of land ownership, housing ownership, and real estate arose. In just 6,000 years, the marketplace has become the largest marketplace in the world, and technologically advanced advances have enriched our lives in many ways.
Despite this, the process of buying land for sale has remained unchanged since the Sumerians engraved books on clay tablets. Recently, there has been a wave of blockchain-related technologies designed to slow down the Real estate process, especially by issuing titles such as title deeds and legal documents. Some of the same technological changes we have seen in other industries such as transportation and communications have finally come to the very old form of investment.
These are not the only changes driven by fast computers and international internet connections. Now people are living a large part of their lives through screening, and the physical world that is accessible only to computers has grown. These are places where people can “gather” through avatars and have effective public knowledge – absolutely. These online communities are called metaverse.
In many ways, the metaverse is structured as “real-world” cities — with suburbs, neighborhoods, and residential and commercial areas. They just become virtual.
Recently, people with market knowledge have found that these neighborhoods can be sold as pieces of real world (aka fiat currency). So the investment in digital real estate has become very real.
But, with real money, now we have to ask ourselves if this is a case of making cents in nonsense? In short, no. If done right, digital real estate investors can earn dollars in cents in these visible countries.
And guess what? The process of purchasing these real estate parcels takes place in a very technologically advanced way (blockchain!) Because there are no paper requirements or title deeds.
Is digital housing investment really serious?
Decentraland (metaverse) owned an ICO (First Coin Offering) and sold over $ 24,000,000 MANA (Decentraland currency that allows users to buy and sell real estate in this metaverse) in less than 35 seconds .
Genesis City is a real estate, almost identical to Washington, DC, where investors can buy their pieces for a pittance. Even a 1,100-square-foot [1,100 sq m] building could cost as much as $ 200,000, according to Bloomberg.
The numbers are growing rapidly. That doesn’t stop people from taking a lot of really sensible money. Back in January, the land area of Decentraland cost about $ 2,000. But two months later, prices rose to more than $ 175,000 at the same tangible global price point.
How to Buy a Digital Real Estate.
Many ask, what is digital real estate? It’s an opportunity. It is an empty space to build anything you want. And most importantly, it is a real investment.
Reversing may be instructive here. In real estate transactions, dollars are traded in real estate and the work involves banks, financial companies, lawyers, and title companies. In the same way, real houses are traded, usually for a pittance, usually in the form of Non-Fungible Tokens (NFTs).
Non-Virus Tokens are unique and have a limited volume. This transaction is enabled by blockchain, a duplicate digital book and distributed on a website. Instead of keys, you get the password and the freedom to upgrade your virtual world with whatever your imagination desires.
Just as the supply of dollar bills is limited (contributing to their value) these tangible currencies have a limited amount. Alongside these tangible financial fluctuations, the blockchain technology with which these cryptocurrencies are developed has evolved, and is now ensuring that tokens are tangible. Just as the amount of tokens is limited (and monitored by the entire blockchain) the number of physical parcels visible in these metaverses is also limited.
For years now, Linden Lab has made a similar contribution to Second Life. To get the most out of their visual representation, people within the game will use the USD to buy “Linden Bucks” with which to buy items in their visual world. (In fact, the Second Life platform went on sale last July.) With some minor changes, this seems to be the basis for the current business model in the new visual world, such as Decentraland, The Sandbox, Cryptovoxels, Somnium Space, and Axie Infinity. , to name a few.
Metaverse Communities Businesses That Use Digital Market Money.
It is entirely appropriate to question the investment in digital housing. A good question to ask yourself would be, “Who would benefit from investing in digital housing?” The answer, before 2020, may be “no one.” However, the coronavirus has changed the way humans communicate.
Humans are social creatures, and humans have an innate desire to interact with one another. Digital homes for sale allow people to share and share with others safely, and there is a commercial value to metals, especially in large and medium-sized businesses. The virtual world allows these businesses to sell their products in new locations to new audiences, and provides valuable CRM functionality.
In this sense, the digital economy is growing in metaverse, because in this area, you can really engage the visitor and turn it into an ambassador for the most powerful product in the real world. This space can be especially useful for a digital artist, who can