The virtual universe is yet developing but has already become a polestar of deal activities. In the development of metaverse, brands, individuals & influencers are increasingly getting involved as people here can do everything from shopping, meetings, concerts or even attending events through their digital avatars. The attention that metaverse is acquiring is from non-fungible token (NFT) collectors and crypto enthusiasts. With the deal of real estate purchase on metaverse, buyers get a NFT title for it.
The five major metaverse projects that have seen a rush of land sales are: MetaMall, Decentraland, Sandbox, Bloktopia & Netvrk. Here is a quick brief for these-
MetaMall offers a one-of-a-kind virtual reality experience with a variety of themes, architecture, and interactive VR components. Metamallers will be the name given to token holders. It will serve as a primary center for crypto enthusiasts of all levels. Users will have access to crypto knowledge and immersive entertainment in one location for the first time.
On MetaMall, users will be able to create stores, games, arena and experiences. MetaMall will constantly evolve with users’ imagination and creativity which in turn will further enrich user experience and build engagement and wealth on the platform.
Decentraland is the first fully decentralized virtual world. It was always part of their original vision to hand over control to the people who create and play in this virtual space. In short – the users. Through the DAO, we are in control of the policies created to determine how the world behaves: for example, what kinds of wearable items are allowed (or disallowed) after the launch of the DAO, moderation of content, LAND policy and auctions, among others.
The Sandbox Metaverse is made up of LANDS, that are parts of the world, owned by players to create and monetize experiences. There will only ever be 166,464 LANDS available, which can be used to host games, build multiplayer experiences, create housing, or offer social experiences to the community
Within Bloktopia the purchase of real estate is known as Reblok. Bloktopians will be able to purchase real estate following the BLOK token distribution event (TGE). The real estate will be a valuable commodity within Bloktopia allowing Bloktopians to speculate on the property and either resell for profit or lease for passive income opportunities.
The NETVRK token can be used to buy assets within the virtual reality world you are in. Assets can include buildings, vehicles, houses along with many others that will be found in the NETVRK market. Just like in the offline world, land is also a valuable commodity in the VR world within Netvrk. Tokens can be used to purchase land in the prime real estate hotspots such as overlooking the beach, or right in front of the city.