How to Start Metaverse Real Estate Investing

In this article, I will share ten proven steps for metaverse real estate investing and how to find and buy virtual land in the Metaverse.

There is a land boom in the Metaverse Real Estate. The property in Metaverse is selling for millions of dollars., a parent company of Metaverse, says the value of total land sold on the platform Decentarland was about $2.5 Million.

Decentraland is a virtual metaverse platform. Where you can buy, sell, and rent a property using Cryptocurrency. Everything we see in the real property world will be seen now in Metaverse.

Ten Steps for Metaverse Real Estate Investing

Decentraland, Sandbox, and Axie Infinity. These are the best platforms to buy land in the digital world using Cryptocurrency.

You will get the property as an NFT (Non-Fungible Token). Your property or the land will become an NFT if you buy it, and it will show up in your account on the platform. 

As you know, an NFT is a digital asset. People are crazy about it. Everybody wants to own an NFT. Because they think it’s the best way to become super-rich in a short time. I don’t know if it’s true or not, but it’s happening right now.

Hence after buying the land using Cryptocurrency you can sell the NFT for a profit. You are just like flipping property in the real world.

Read, also: How VR in real estate can help you sell more homes.

How does this Virtual Real Estate Metaverse work

How does this Virtual Real Estate Metaverse work

So now let’s understand how this works.

  1. You need to sign up with one of these platforms, Decentraland, Sandbox, or Axie Infinity. 
  2. Find a property or land you want to buy.
  3. Do some due diligence using the data available with the property there.
  4. Decide whether it’s good or not according to your investment criteria.
  5. Then go and buy it using your crypto wallet.

That’s all easy as it seems. Is it?

The Downside of the Metaverse Investment

  1. Cryptocurrency is a very volatile form of money as it fluctuates a lot. In one night, the value of your property might go down to the bottom of the ocean and also to the mountain top. 
  2. If the server goes down or anything unexpected happens, you will lose your property (the NFT). However, I don’t think that will ever happen. If somehow it does occur, the whole community will take care of you.
  3. You will not have any control over it. It’s the basic mantra of property investing in the real world. However, it’s evolving. Maybe someday we shall have some control over the land in the Metaverse.
  4. Facebook, Microsoft, and other metaverse companies are working hard to make this a stable platform for investment and for anything a person wants, gaming, live streaming, or traveling to the void. The time will tell what is going to happen.
  5. It’s not for an average man. You have to be super smart to handle all those algorithmic calculations. Tech-savvy people will have an advantage here. But, you can learn about metaverse real estate investing in many ways.

Yes, there are risks, but the reward is much higher. A risk worth taking. 

A Research Made on Decnetraland by Token. com

A Research Made on Decnetraland by Token. com

They say they had sold 116 virtual lands in the Metaverse worth $2.5 million to some game developers to build a new way of gaming.

And today, it’s booming. Every tech company is trying to buy a piece of land to build or establish its business on the platform. 

The demand is increasing day by day, and with NFT and Crypto, people are getting attracted to virtual platforms. People are making millions of dollars by dealing here. 

You have heard the news that one Money Picture that is an NFT sold for $2.5 million. That is insane. That is the power of Web 3.0. You can create an NFT and sell it to the platform.

And in real estate, the craze is way high than others. People are buying a small piece of land, investing thousands of dollars, and that house becomes an NFT that they can sell anywhere like a physical house.

It’s new, and it’s super attractive. People are crazy about it. It will work in the long run and will replace Web 2.0. The signs are here.

Let’s Start Investing in Metaverse Real Estate

So, you are browsing some lands there to buy. Keep in mind that the Crypto you have, do they accept that? If not, you can’t buy a property there.

For example, Decentraland only allows a currency called “MANA.” You can only trade with MANA (their coin). No other currencies are accepted. But, you can convert your money to their approved currencies. by using a wallet called “MetaMask.” 

It is a cryptocurrency wallet used to interact with the blockchain. It allows users to access their Ethereum wallets through a browser extension or app.

This is because of the ongoing fluctuation of crypto coins. They don’t want to deal with that fluctuation, which is purely based on the emotion of the masses. That’s why they introduced their currency to trade on the platform.

Now, connect your wallet or money with the Metaverse platform and buy the property, a form of NFT.

The Risks In Digital Real Estate Metaverse

The Risks In Digital Real Estate Metaverse

As I have said earlier, Metaverse Real Estate Investing is very risky. If you don’t know anything about Cryptocurrency or the Metaverse world, I would suggest you keep a safe distance.

Although this new era can make you millions, there is every chance you will lose everything you have. It’s far risker than the stock market. Take proper precautions and then invest.

Last Words

This article is not suggesting anything on Metaverse Real Estate Investing. But, it’s informing you that people are making millions of dollars from it, and it’s a risky investment. A beginner should avoid this at any cost. 

Don’t let your greed or fear consume you in the process you will lose everything. Two things you must remember while investing:

  • Think rational and 
  • Act slowly

I recommend you to read ‘Thinking fast and slow by Daniel Kanaman‘ to train yourself to think slow without being consumed by your emotions.

So that is all for metaverse real estate investing. I wish you the best of luck. Share this information with your friends by pressing the below buttons. Thanks for reading. See you soon in the next article.

Frequently Asked Questions (FAQ)

Why metaverse real estate is booming?

It is because the total land sold on the platform Decentarland is $2.5 Million and that is why people think it going to boom.

Is metaverse real estate risky?

Yes, it is. If you don’t know anything about Cryptocurrency or the Metaverse world, keep a safe distance.

What are the disadvantages of Metaverse?

Cryptocurrency is very volatile as it fluctuates a lot. In one night, the value of your property might go down and also to the mountain top.

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