How To Buy Land In The Metaverse in 2022 | 7+ Best Platforms To Buy & Sell Land In Metaverse in 2022

We are rapidly moving towards the age of the Metaverse. Everything we can do in the real world is realized by the "Digital Twin" in Metaverse, and we can interact while staying at home. This includes Investing and Making Money, and as in the real world, one of the most common ways is to Invest in Real Estate.

Real estate is expensive. It is a harsh reality that many people face. But it's not about London, New York, or Paris. It turned out that some of the world's most valuable land does not exist on Earth. The appearance of Metaverse. 

Yes, investors are paying millions of dollars in compensation for land that only exists in the 3D virtual world. As the competition heats up, crypto enthusiasts, tech enthusiasts, and Metaverse users are being lured into acquiring some of their digital assets. But what exactly is this topic? So, In this article, we have discussed How To Buy Land In The Metaverse in 2022.

How To Buy Land In The Metaverse in 2022

Buy-Land-In-The-Metaverse

There are two reasons to buy land for the virtual world. One is that he wants to make use of the land, for example, to hold events with friends like Snoop Dogg, and he calls it Snoopverse. He can open a concert for fans on his virtual land. Buyers can of course afford to become your favorite celebrity neighbors. 

It's worth noting that the first Metabers Fashion Week is now being held at Decentraland. Another reason is an investment. It's expected that in the near future, Metaverse real estate prices will rise dramatically.

What Is Metaverse Land?

Typically, Metaverse divides the space into different areas, including free plots of land that users can easily Buy Land and use for various purposes (more on that later). The land is not only purchasable but also programmable and is bought, sold, and exchanged in the form of non-soluble tokens (NFTs) that can be exchanged with cryptocurrencies and fiat.

Spaces are valuable because they allow users to have different experiences, play games, interact, and hold events. As an NFT, you can easily prove your ownership of the land and the digital assets in it. 

All transactions involving land in Metaverse are recorded as official documents. Users can usually purchase Metaberneland plots through the platform marketplace or choose third-party NFT platforms such as OpenSea or Raible.

The growing popularity of this technology means big business. The virtual real estate industry has already attracted a large number of developers and sellers, and the market is growing. In 2021, Metaverse property prices rose 700%, reaching $500 million. As if it were not enough, the market is expected to double to $1 billion by 2022.

Buy-Land-In-The-Metaverse-chart

Why buy metaverse land?

There are two main reasons why you want to buy land in Metaverse, just like buying land in the real world. The first is probably the safest reason. I want to use it for something like building a house to live in or making it a base for business. "Living" in Metaverse means having a place called a home where you can show off your belongings and invite friends. 

It's just like when the Internet started to spread, and everyone had a personal website before they moved to social media. Metabarth's "Home" is a way for individuals to express their individuality online and store a collection of unique digital collectibles. This is probably a less risky reason to want to own Metaverse land - because it is more likely that you will get what you want from what you buy.

What Can You Use Virtual Land For?

With virtual land prices soaring to record highs, some investors have accused the NFT of fueling the speculative market. But price speculation is not the only driving force behind the hype. For many users, Metaverse land represents an opportunity to monetize virtual assets and the experiences that occur within them. Here are some of the revenue-generating trends from renting to managing Metaverse land.

Flipping Land

Users can get a virtual land parcel and resell it at a high price.

Building the Infrastructure

Many users choose to build a variety of virtual assets on it, making it available to themselves and their users, rather than leaving the land untouched. Digital casinos, clubs, concert venues, NFT galleries, stores, and more.

Broker Business

The popularity of Land NFT, just as in reality, has emerged a professional real estate broker who connects sellers and buyers and advises customers on how to best manage their metaverse properties.

Advertisement

In Metaverse, busy areas are becoming a valuable spot for advertising. The owner of the land can rent the land and have the company use it to promote products and services.

Event Services

Metaverse aims to expand your online experience and create new experiences. Therefore, the land in Metaverse is used for hosting events and running services. In Metaverse, such as Sandbox, users are encouraged to create and publish mini-games and educational activities, which are then used by others in the community.

Many well-known companies such as PwC, Sotheby's, JP Morgan, and HSBC use Metaverse to complement their real-world operations, allowing customers to access services and interact with staff in much the same way they would in the real world. 

In fact, many financial institutions are starting to explore new ways to do business in Metabas, considering virtual real estate loans, Metabas mortgage loans, consumer finance, crypto trading, and more.

How to I Buy Land in the Metaverse

The purchase of land on Metaverse is usually done in cryptocurrencies. Ethereum is a popular choice, including SAND (currency associated with the gaming Metabase platform The Sandbox) and MANA (currency associated with the community-based Decentraland platform). In other words, getting these is usually the first step.

These two platforms are currently the most popular when owning land or real estate online. This is because of the well-established infrastructure, and the presence of famous landowners and lessees, such as the celebrities and companies listed above (who would not want to have Snoop Dogs as their neighbors).

The purchase of land for these platforms can be made directly from the platform itself. Since the sale and ownership of Metaverse land are recorded by the transfer of NFT, a wallet that can store this is the second need. Metamask and Binance are typical.

Not only do they buy directly from the platform, but they also have a thriving third-party resale market, just like real-world property. Platforms such as opensea.io and nonfungible.com allow sellers to post their property and prices as a decentralized real estate agent in the digital space, allowing buyers to negotiate.

Best Platforms To Buy & Sell Land In The Metaverse

Here is the list of the top 7 Best Platforms To Buy & Sell Land In The Metaverse in 2022

1. Opensea

Opensea-Best-Platforms-To-Buy-&-Sell-Land-In-Metaverse

Opensea is a one-stop solution to trade assets in multiple metaverses.

Choose your favorite virtual world, choose a parcel, and go through the purchase process. You will also need to click on this Redirect Sign to view details in the actual Metaburth Marketplace before making a purchase.

Opensea-Best-Platforms-To-Buy-&-Sell-Land-In-Metaverse-2

Conclusively, Opensea makes it easy by putting everything on a single website.

Also, for certain cryptocurrencies in Opensea, you do not need to purchase on the exchange and then send money, and can purchase directly with credit cards.

2. Decentraland

Decentraland-Best-Platforms-To-Buy-&-Sell-Land-In-Metaverse

Decentraland is a top-tier metaverse project. Its native cryptocurrency, MANA, has always been at the top of the coins in Metaverse.

Decentraland supports sign-up via the Metamask wallet and purchases on MANA.

MANA is available on major crypto exchange platforms such as Coinbase, Binance, and Huobi. So you need to buy MANA on one of these available platforms and send it to Metamask. In addition, some ETHs are required to pay the transaction fee.

Finally, you can select a parcel and click Buy or Bid. In a bid, you can offer any price with a deadline, and it is up to you to accept or pass it.

3. The Sandbox

The Sandbox-Best-Platforms-To-Buy-&-Sell-Land-In-Metaverse

The Sandbox is the second-best Metaverse project to purchase land, after Decentraland.

The sandbox allows you to sign up with a variety of options including Metamask, Coinbase, and Bitski. In addition, if you log in with Facebook, Google, or Twitter, you can use the Vinyl wallet to sign up.

The way you buy real estate on The Sandbox is similar to Decentraland. And similarly, a purchase requires its native cipher, SAND, and some ETHs.

The Sandbox-Best-Platforms-To-Buy-&-Sell-Land-In-Metaverse-2

After loading SAND into your crypto wallet, you can browse the LANDS section of the MARKET tab and select Pick.

Then tap on Buy Now and complete it with a few clicks, such as signing a transaction with your wallet.

4. Somnium Space

Somnium Space is a relatively new Metaverse that deals with the marketplace via Opensea. The feature is that while most of the existing rivals do not support virtual reality, they do support virtual reality.

Somnium Space

You need to connect to Metamask and buy your favorite parcels at ETH.

5. CryptoVoxels

CryptoVoxels is another Ethereum-based metaverse in the virtual world list. Sign up with Metamask, Coinbase, Torus Wallet, and Wallet Connect.

CryptoVoxels-Best-Platforms-To-Buy-&-Sell-Land-In-Metaverse

You can purchase them on the official website, or you can check the same link for each parcel in Open sea.

6. Upland

upland-Best-Platforms-To-Buy-&-Sell-Land-In-Metaverse

The Upland is still a new Metaverse, with reasonable land prices that do not cost thousands of dollars. This differs in that each property is associated with a real-world address.

Another difference is that the sign-up process does not require an encrypted wallet. Instead, you can join by creating an account with an email and password.

In Upland, you can get 4,550 yen for UPX, the native currency. In addition, you can get a Visitor tag with a seven-day visa. If you renew your visa, you will have a one-day grace period, and if you log in even if it expires, you will be OK. If you fail, the UPX will be sent back and you will have to start over.

upland-Best-Platforms-To-Buy-&-Sell-Land-In-Metaverse

In order to buy an estate in Upland, you need a high-status of Uplander. This means that you have 10,000 UPX that you can purchase in Paypal or Crypto within the platform.

Once you've achieved that milestone, browse the map, select the property, and follow the on-screen instructions.

In addition, all the uplanders have assets on the blockchain and guarantee immutability.

7. ERTHA

ERTHA-Best-Platforms-To-Buy-&-Sell-Land-In-Metaverse

ERTHA is a life simulation Metabase that divides the earth into hexagonal land plots and makes it possible to purchase. Each ERTHA parcel hosted in Binance Smart Chain is unique in its resources and location.

This purchase of land in Metaverse is very similar to what we have discussed. First, select a particular hexagon and click ADD TO CART. Then select the available options (BNB, USDT, etc.) to open Metamask and complete the transaction.

ERTHA-Best-Platforms-To-Buy-&-Sell-Land-In-Metaverse

Or you can copy the payment address, send the amount and wait for confirmation.

Where Can I Find Virtual Land for Sale?

In the previous article, I introduced some of the top Metabase that sell land. Before discussing the details, it is a good idea to keep in mind that most platforms have a limited amount of parcels available. 

This will help (and is expected) to increase the scarcity of digital and promote a healthy virtual economy. For example, the Decentraland is divided into 90,601 equal-sized virtual lands, the Sandbox consists of 166,464 parcels, which the platform calls LANDS. 

There are also many other options to provide the right territory for any activity, including advertising, business, services, and events. OpenSea gives you a bird's-eye view of the current market and a ranking of the virtual world.

Sandbox - As mentioned above, the Sandbox lot is marked LAND and can be found through the Sandbox platform or purchased or used on third-party NFT exchanges such as OpenSea or Raible. However, keep in mind that official sales are more expensive than LAND.

Decentraland - This land in Metaverse ranks among the most expensive sales and the plot is traded for millions of dollars. Many of Decentraland's attractions are associated with well-known partnerships with the platform's brand, as well as with celebrities and influencer tenants.

CryptoVoxels - This is one of the smallest digital worlds, originally consisting of only 3,026 parcels. These can be purchased in exchange for USD and ETH through primary sales or OpenSea. Unlike other Metabirds, CryptoVoxels continues to expand and currently has 7,351 parcels. The lowest price for land parcels is currently about 1.899ETH (about USD 5,335).

Somnium Space - First introduced in 2018, this Metaverse focuses on providing virtual reality and is known for gaming and NFT art. As of early 2022, the platform has 5,000 unequal land parcels. However, more land will be freed in the future. The currency of Somnium Space is $CUBE, and land parcels are easily found in OpenSea.

Is Metaverse Land a good investment?

Like any emerging technology, any investment has risks and returns. However, the possibilities of virtual worlds and adjacent technologies such as virtual reality, augmented reality, and artificial intelligence are almost incontrovertible. 

Whether Metaverse is just a speculative investment filled with high-priced digital assets, or whether the virtual world is the future of the Internet, will not be known until time passes.

How much does it cost to buy a land in the metaverse?

In order to buy the cheapest virtual land in Metabas, you need to see how Metabas came to have control. The Metabarth estate has already turned out to be a huge independent sector. You may know that Bitcoin and NFT have generated high returns for early investors. Similarly, in the virtual real estate space, you can get a promising return with fast wins. 

Why? If you look back at "How much is the land of Metabas?" you will find the answer. For example, virtual land in Decentraland's Metaverse and Sandbox's smallest parcels could have been purchased for almost $1,000 a year ago. Currently, the price of the same virtual land is about USD 13,000. Do you see this difference? What is so special about virtual land?

Which metaverse is best?

Here is the list of the best Metaverse

Silks - Best Metaverse Encryption Project of 2022.

Decentraland - A 3D Metabase world with monetization potential.

Enjin - a user-friendly metaverse platform for creating NFT.

The Sandbox - an exciting customizable metaverse project.

Conclusion

This is a very concise list, and there are many more Metaverse projects to invest in. As already mentioned, Metaverse investments are at high risk due to Crypto volatility and are also subject to project success rates.

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