Why should you buy land in the metaverse?
Simply because it’s another opportunity to make money. Therefore, if you’re used to trading futures and options on platforms like Bitlevex, buying virtual land in metaverses will help you to diversify your profits. Instead of trading actively, you can invest your profits and simply hold them till they hit your target price.
We can expect several metaverses to pop up, for example, $MANA, $AXS, $MANA, $POLC, etc. Owning a real piece of land or real estate will make a major difference, especially if the project gains traction and popularity. Recently, someone paid $450K to be Snoop Dogg’s neighbor in The Sandbox metaverse.
That alone should bring you an estimation of how much virtual land and real estate can sell for. Perhaps that $450K will look amazingly cheap in the future since we are sure there will be insane offers just to be Snoop Dogg’s neighbor in the metaverse.
So, if you like to make money, especially with such a tremendous profit potential, then this is for you. Learn how to do it in simple steps.
How can you buy land in the metaverse? - Step by step
Buying land in the metaverse is actually pretty easy. You only have to follow some simple steps and you will soon be the proud owner of your own piece of land or real estate.
#1 - Choose a Metaverse
You first need to choose a good project. For example, you can buy virtual land in Decentraland, The Sandbox, or Somnium. Study the project, check the prices, see if the team is actually working on the project, and if it looks good, then you’re ready to buy your first plot of land.
Also, we recommend you to study the things you could do with your land other than hold it. See if the project allows you to rent it or use it for NFT games, for example. This is something that $AXS is working on, calling them Lands, and when they launch, we believe it will be a home run.
#2 - Explore the marketplace
Once you’ve signed up to a project you like and you have your wallet ready with the currency they use - which can be their native currency, ETH, USDT, etc. - you only have to explore their marketplace. You will find tons of offers where to choose from, but before you buy the first plot of land you come across, make sure to check the following:
- Is it in a good location?
- Is it selling for the right price?
- How could I market it to attract the right type of buyer?
- Do I see myself holding it for the next 5-10 years?
If all sounds alright, then proceed to buy it. Many times the transaction is automatic, so you won’t have to make an offer. However, if you want to negotiate, then you can send your offer and the owner will either accept or reject it.
#3 - Obtain your land or real estate
If the owner accepted your offer, congrats! Now you will be the only and sole owner of the land you’ve just purchased. Now, you can happily hold it for the next years, so you can turn this investment into one of the best ROIs of your life!
What are the best metaverses to watch out?
Facebook just announced the creation of their own metaverse, Meta. They project that at least 1B people will be actively using the metaverse to play and do all sorts of economic transactions. And becoming one of the main players will pay off, so it’s a good idea to buy land in this type of project.
Here we have 5 picks - which are metaverses projects that haven’t blown up yet like MANA, so you can actually buy their tokens and land at a good price before the real FOMO kicks in:
- $POLC
- $RNDR
- $ATLAS
- $NetVRk
- $UFO
You should hold them for the next 5-10 years since this is when the real metaverse narrative will kick in. Furthermore, you can also take advantage of the bear market to add coins like $MANA, $AXS, and $SAND, since they’re a lot more expensive, but when the winter comes, they will be at a fraction of their original price.
Conclusion
What do you think about our guide? Let us know if we can help you further in the comments - we are ready to let you know more about buying land and real estate in the metaverse.