Virtual real estate, or land in the metaverse, sold in the form of non-fungible tokens is growing in popularity
You can’t physically visit these properties, but the allure of this investment lies in these assets being backed by forgery-proof certificates stored on the blockchain.
This trend has been grabbing the attention of those seeking to deploy money into new ways of investing in real estate. People are willing to spend six figures on them, betting that they can make a fortune. Some expect triple-digit growth in the next 16 months.
Virtual real estate isn’t really a new concept. One of the first companies to enter the space was Metaverse Group, which operates the virtual ‘Decentraland’ platform. But ever since Facebook rebranded to Meta, the idea has gained immense interest, with investors speculating on the knock-on effect on various metaverse games and their respective crypto tokens.
Properties in the NFT-based worlds of Axie Infinity, Decentraland, and The Sandbox are especially popular. Corresponding cryptocurrency prices of these projects have skyrocketed too, with Decentraland’s MANA token up 4,258% in the last year. Google results show search volumes for these terms shot up in just a short time, with public interest beSales of virtual land boomed at the start of December, bringing in over $105 million for just four metaverse projects, according to DappRadar. Of that, gaming platform Sandbox dominated with $86.56 million in NFT sales, while Decentraland came in second.
The decision to choose which metaverse token to buy depends on the platform you wish to explore. Each virtual world has its own unique token allowing users to make digital land purchases.
To access the metaverse, you will most likely be asked to set up a crypto wallet to hold your digital assets. This allows you to convert fiat money into cryptocurrency via an online payment system. These tokens can be found on most popular crypto exchanges – including Coinbase, Binance, and Gemini – that guide you through a straightforward process.ing sparked only in recent months.
Here are some of the most popular tokens you can use to buy a plot of land in the metaverse:
1. Ether
Symbol: ETH
YTD Returns: 401%
Market Cap: $448 billion
2. Axie Infinity
Symbol: AXS
YTD Returns: 18,016%
Market Cap: $6.5 billion
3. Sandbox
Symbol: SAND
YTD Returns: 16,853%
Market Cap: $5.6 billion
4. Decentraland
Symbol: MANA
YTD Returns: 4,219%
Market Cap: $4.4 billion
5. Gala
Symbol: GALA
YTD Returns: 28,477%
Market Cap: $3.5 billion
6. Enjin Coin
Symbol: ENJ
YTD Returns: 1,971%
Market Cap: $2.5 billion
7¢ Skip Tracing – Guaranteed lowest price on the market for the best quality data.
Don’t just take our word for it. Try us out by running a small list first to see the tier 1 data for yourself. We are offering non-members access to member pricing, so you can experience the Skip Force Difference and improve the quality of your lists.
Pay wholesale price for quality data
Receive the TOP 3 Phone Numbers
Discover which phone numbers are best
Learn the BEST Time to reach a contact
We can take your old list, grade it and come up with the
BEST NUMBERS to contact
Develop a SNIPER MARKETING Plan
Increase ROI and TEAM MORALE
We have extended this special but cannot afford to keep this offer running for long.
Have Questions? Reach out to us, we’re here to help.
Call us at: 866-962-8190
Related News
💥Real Estate Strategy 2 Years Into The Pandemic💥 Real Estate Strategy 2 Years Into The Pandemic – COVID-19 has changed the world as we know it. Everything from where we live and work to how we value and spend our time and interact with each other has dramatically shifted in the face of the challenges […]
Simple App Makes Real Estate Investing Less Confusing Simple App Makes Real Estate Investing Less Confusing – Many seem to be under the belief that real estate investing is only a game rich people play. It takes a lot of money to buy a single piece of property, after all. It’s also a relatively slow […]
Invest in Real Estate Without Owning a Single Property Invest in Real Estate Without Owning a Single Property – This REIT nears a quarter century of market-beating returns, and that could be just the start. Real estate has long been a great way for investors to build wealth. That wealth can come both from the […]