Trending Assets
Top investors this month
Trending Assets
Top investors this month
Real Estate in the Metaverse
Post media

Ever since $FB announced that they were changing their name to Meta, talk around the ‘metaverse’ has continued to heat up, with tokens & stocks related to the metaverse increasing in value as a result. It’s highly unlikely that one company will win out as the “creator of the metaverse,” and those steeped in web3 will be the first ones to tell you that (although $FB would love for that to be the case). There are ample opportunities to make a ton of money in the web3 space, and it’s not solely limited to buying a stock or crypto. It’s important to understand that in the metaverse there will be a need for all products that we have in our everyday lives; this includes clothing, real estate, cars, etc. One aspect of the metaverse that is already showing promise—and will continue to do so as it gets wider adoption—is digital real estate.

Real estate in its current form is a huge wealth creation vehicle and enables people & companies to purchase plots of land which they then rent out to people who need places to live and work. When applying this to virtual worlds, people will need plots of land on which to build virtual experiences, which can be purchased by people, DAOs, and companies that want to make a profit from owning this digital real estate.

Right now, the major players in this digital real estate space are Decentraland ($MANA.X), The Sandbox ($SAND), Axie Infinity ($AXS), Cryptovoxels, Somnium Space, Highstreet, and Superworld. For context, below are one-liners for each project, taken from their respective websites:

  • Decentraland: “Decentraland is a virtual reality platform powered by the Ethereum blockchain. Users can create, experience, and monetize content and applications. Land in Decentraland is permanently owned by the community, giving them full control over their creations. Users claim ownership of virtual land on a blockchain-based ledger of parcels. Landowners control what content is published to their portion of land, which is identified by a set of cartesian coordinates (x,y). Contents can range from static 3D scenes to interactive systems such as games.”
  • The Sandbox: “The Sandbox is a community-driven platform where creators can monetize voxel ASSETS and gaming experiences on the blockchain.”
  • Axie Infinity: “Axie Infinity is a Pokémon-inspired universe where anyone can earn tokens through skilled gameplay and contributions to the ecosystem. Players can battle, collect, raise, and build a land-based kingdom for their pets.”
  • Cryptovoxels: “Cryptovoxels is a virtual world and metaverse, powered by the Ethereum blockchain. Players can buy land and build stores and art galleries. Editing tools, avatars and text chat are built in.”
  • Somnium Space: “We are Open, Social & Persistent VR world. Buy land, build or import objects, instantly monetize and simply have fun. Universe shaped entirely by players!”
  • Highstreet: “Our mission is to bridge the physical and digital worlds, while redefining the ways financial products are utilized, consumed, and sold. Highstreet’s users can explore a multifaceted, interactive metaverse — all through the Highstreet interface. You’ll be able to own and expand your virtual reality estates, buy tokenized products, and be part of a vibrant community.”
  • Superworld: “The SuperWorld virtual real estate platform is mapped over the entire surface of the globe, allowing users to purchase—literally—any place on Earth. From skyscrapers and stadiums to historical monuments and iconic structures including wonders of the natural world, when you step into SuperWorld, you’ll truly make a world of your own.”

While all of this IS amazing, there’s going to be a need for a platform to aggregate these different virtual parcels for sale, and I’ve found the perfect company positioned to do just that, WeMeta.

What is WeMeta?

WeMeta has billed itself as the “Zillow of the metaverse.” What this means is that when you’re looking to buy a virtual parcel of land in the metaverse, rather than having to go to the different metaverses individually or getting lost in OpenSea trying to figure out what to buy, you’re able to go to one place and decide which parcel of land that you want to buy, as well as get a We-Estimate of what the value is of that parcel of land. As web3 grows, there will be an immense need for aggregators such as WeMeta to make purchasing items in the metaverse that much easier, by providing marketplaces for items by type. Think about it, we go to specific places for clothes and shoes, so why not for digital land parcels? Click here for a more detailed article on “Zillow for the Metaverse.”

These are exciting times for those who want financial freedom, and educating oneself on all the abundance of opportunities in web3 is the first step to manifesting that abundant future! Not sold yet? The two articles linked below are further proof that becoming a virtual landlord is a smart investment:



Are you bullish or bearish about the future of virtual real estate?
Decrypt
Decentraland Virtual Land Plot Sells for Record $2.43 Million - Decrypt
A piece of digital land has just sold for $2.43 million on Decentraland, which will be used as a hub for the digital fashion industry.

Related
Already have an account?