🤖 How To Buy Land in The Metaverse

Sure you’ve watched tons of videos about investing in real estate. This is a whole new level though - we’re going to cover buying land in the Metaverse. If this sounds a bit crazy to you that’s because it is. Essentially I made a $12,500 purchase of a virtual plot of land in a virtual world using a virtual currency. I added timestamps to the video so you can skip around if you’re already familiar with the Metaverse and want to know more about the land purchase. If not let’s jump in.

So the Metaverse - Wait, what is it? That’s silly ridiculous, no? Wait so you’re saying - what? Stick with me and you’ll get in a Meta heartbeat. The metaverse is very similar to GTA V or Sims. Where you have a fictional character you control in this fictional world.

Now, this isn’t entirely new - we’ve seen a somewhat similar but less immersive experience related to this. Pokemon Go. Users used a device - their phones to interact with this virtual world and try and capture a Pikachu. One of the most common places in the Metaverse is Decentraland. Built on Ethereum it settled over $2.5b in transactions in Q2 of 2021. That’s as many transactions as VISA. To give you more context there is a crazy amount of money being invested in the metaverse.

The Metaverse Group - bought about 6,000 sq ft (NBA court) for almost $3M. That used to be the highest purchase until Republic Realm bought $4.3M inland. Grayscale says the metaverse can be a trillion-dollar opportunity - no business is even close to that. The land is a big part of it.

Now buying physical land seems to be much safer and practical. You can build residences on physical land, plant vegetation built commercial and unlike the metaverse physical land is limited so it must carry value. But that’s not the case.

You can buy an acre of land here in the US, in New Mexico for $50 or 12 acres for $450. Not all land has value. It depends on the location.

So the main reason people are flocking to buy land is in hopes they’re buying a plot right in the middle of Central Park. You know - before Trump did.

So if you own a plot of metaverse you could resell it for a profit. You could build on it. You could lease it. You can even host live events and charge users to attend. Justin Biebs put on a concert a few weeks ago. It was free but a ton of people tuned in.

Sandbox

Snoop Dogg partnered with Sandbox to create a mansion and host his NFT gallery. You can visit, check out his collection and even buy land around his mansion.

Sandbox is one of the most popular metaverses.

It was built in 2012 and has only 166,000 plots of land. It raised over $90M and has partners like Ubisoft, Snoop Dogg, Soft Bank. The other is Decentraland. 90,601 plots.

Decentraland

Decentraland has its own currency - called MANA. Just like BTC or ETH or even Doge. MANA is up 3,500% - this year. It’s both a currency in Decentraland that can be used to buy different things and it’s also a stock that can fluctuate in value.

People are using MANA to buy art, music, apparel, and even land. All in form of NFTs. A unique fungible token that grants the user, value, access, and more importantly - clout.

The land you purchase is also an NFT. When you buy that land you have the right to build whatever you want. Rent, lease or sell it.

Businesses have been crowding the opportunity. Atari partnered with Decetraland to create a casino.

Real estate moguls at Republic bought almost $1M in land for a virtual mall.

Who in the world is selling this land?

The developers of those metaverses. Now Metaverses can co-exist. Almost like traveling between countries. So there are endless possibilities for them but limited availability in each. The million-dollar home page example. 2005 a UK college student created a 1000 x 1000 website to fund his college tuition. The page took off and made news everywhere. People flocked to buy a tiny piece of land on his site. He sold each pixel for $1. The users never saw their money's worth on the $1 purchase but the creator did. The big parallel here. When it’s so early in the tech space the likely hood of investors making money is a lot less than the creators/developers.

Republic Realm Purchase

Realm’s business objective and strategy are to achieve attractive risk-adjusted returns primarily through the acquisition, management, development, and sale of digital parcels in blockchain-based metaverses.

So far the raise is at almost $60M reserved with 13,500 investors.

Realm’s business objective and strategy are to achieve attractive risk-adjusted returns primarily through the acquisition, management, development, and sale of digital parcels in blockchain-based metaverses.

So far the raise is at almost $60M reserved with 13,500 investors.