Buying Your First Parcel in the Metaverse

Buying land in the metaverse is probably easier than you think...

For those of you who don't know, the Metaverse is a virtual world that is being built on top of the Internet. It's a place where you can be whoever you want to be and do whatever you want to do.

One of the coolest things about the Metaverse is that you can own property there.

You can buy land directly from the marketplace or use a broker

If you're looking to buy land, you have a few different options. You can buy land directly from the marketplace or you can use a broker. Whichever route you choose, make sure you do your research first!

You are able to find virtual land in the metaverse on secondary market platforms such as Opensea, or you can mint directly on metaverses such as Sandbox and Decentraland when they release a new drop of land.

Essentially, there are two places you can purchase metaverse property on your own:

Where To Purchase Metaverse Parcels:

Buying Metaverse Parcels with an Agency

The first step is to find a broker who specializes in virtual land sales.

Virtual Real Estate Agents

There are many brokers out there, so it is important to do some research to find one that is reputable and has experience with the type of land you are interested in buying.

Once you have found a broker, you will need to provide them with some basic information about yourself and your financial situation.

Metaverse Parcel Investment Budget

You will also need to decide how much you are willing to spend on the land. After the broker has this information, they will be able to start searching for land that meets your criteria.

When they find a piece of land that you are interested in, they will negotiate a price with the seller on your behalf.

Metaverse Real Estate Agency Commission

Once the price is agreed upon, you will need to pay the broker a commission for their services. Once the transaction is complete, the land will be transferred into your name and you will be able to do whatever you like with it.

If you would like to learn more about buying land in the metaverse, you can get in touch with us today.

1. Overview: Land in the Metaverse

The metaverse is a fully immersive experience where users can interact with each other in the new frontier of the internet.

The metaverse can be seen as an extension of our physical realm, no matter if you support that or not, it's true. People do seem to have mixed emotions about the topic, but it's sadly the reality.

Examples of Metaverses

There are metaverses such as Upland or Earth 2.0 that are legitamently extensions of our physical earth, where plots of land can be bought or sold using either USD or other fiat currency, or in Upland's case, they use their own digital token.

Determining The Prices of Land Parcels

Depending on the supply and demand of these plots based on their location or advertising capabilities, is what drives up the price. There are also other games such as Sandbox or Decentraland that have created their own maps and sell plots based on releases and drops.

2. How Do You Purchase Virtual Land in the Metaverse?

Purchasing land in the metaverse is probably easier than you think it is!

Buying Metaverse Land Parcel Guide:

1. Sign up for a digital wallet. (i.e Coinbase Wallet)
2. Sign into the desired wallet and purchase NFT of Land parcel
3. Alternatively, mint land parcels directly from the metaverse project upon it's NFT Land drop release date.
4. Upon payment confirmation, your NFT land parcel should appear in your digital wallet within moments. (Typically 2-15 minutes of wait time)
5. You then can register your land parcel token ID on the individual metaverse platform as per their unique procedures to begin taking advantage of your digital land asset.

You can search for virtual property using any exchange such as Opensea.io for example.

What Happens When You Buy Land:

Once you purchase the property just as any other NFT, then you now have the ability to register your property in-game and have access to all of your unique owner features; such as building on your property, or conducting business.

Metaverse Land GAS Fees

The associated costs are typically in the value of the property, and associated GAS fees on the Ethereum block chain if applicable, or any other GAS type related fees on other blockchains. There may be royalty fees or any other fees that are not typically seen in usual real estate deals.

What Currency Can I Buy Land With?

The majority of digital real estate is bought and sold on their respective tokens such as SAND or MANA, but there are some instances that fiat currencies are used to purchase land in the metaverse.

3. Benefits of Owning Land in the Metaverse

The benefits towards being a virtual land owner in the metaverse vary depending on where, what and how much you're invested into it!

You can own multiple properties and hold them as investment style properties in a particular metaverse, and as it gains value, you can sell them for profit. The average cost per purchase in the metaverse Sandbox is roughly 2.2 ETH.

There are other metaverses such as Upland that gives benefits to the owners of their property through drops or other significant measures to attract investors to their platform.

Metaverse Land as an Investment

You can also purchase virtual real estate to use as commercial real estate, for example in the metaverse Decentraland, you can purchase property and develop the infrastructure to show and display your NFTs and other online property and sell your items on your own property!

Hosting Virtual Events Using Metaverse

You can also even host your own events in different metaverses! If you want to learn more about how you can make more money in the metaverse, use LiveChat or book a call to speak with our team for a free strategy consultation!

4. How Can You Create Wealth With Metaverse Property?

By making smart and informed investments. Using a strict risk analysis method to ensure you are not putting your finances at risk. Risk mitigation is the key for any healthy and sustainable risk-investment

Investing in the Metaverse

You can make strategic investments in the metaverse that will allow you to build wealth and create passive income. One of the most lucrative ways you can do this is; driving traffic to your property in the metaverse and selling your own NFTs!

Creating NFTs for the Metaverse

If you are an artist in todays day and age and you do not know about creating your own NFTs, you have to book a free consultation with us today so we can teach you how to do so - and make profit on them.

Hosting Events in the Metaverse

Another avenue in commercial virtual real estate is hosting events. Imagine a wedding or a celebrity concert hosted in your venue in the metaverse.

Many metaverses such as Decentraland offer a fully immersive audio experience so there's no doubt in my mind that there can't be a banging Chief Keef concert right on O' Block 300 in Sandbox...

Meta Marketing Agency help you with events in the metaverse. Contact us to learn more.

5. Risks Associated With Buying Virtual Property

There are a ton of potential risks associated with buying land in the metaverse, and you always have to be making smart and informed investments whenever you are investing your own money into anything!

Watching out for scams in Virtual Land

It is not as common to see typical "pump and dump" or "rug pulls" in virtual real estate, but it is still out there, so before you decide to make any investment in the blockchain in general, be sure to consult and expert or do diligent research yourself.

Remember, we're always here to help you, but we do not offer you any advice that can result in legal repercussions.

6. How Do You Sell Land Parcels?

You can sell your virtual real estate by either listing it on popular exchanges such as Opensea.io and watch is be sold.

There are an average of about 25 transaction on Sandbox per day conducted on Opensea.

The potential profits lay in what your ROI is from when you purchased it, minus any GAS fees that are potentially associated with the transaction.

FAQ About Buying Metaverse Land

Can you buy land in Meta's Metaverse?

No. On Meta's (Facebook's) metaverse "horizon worlds" which offered on Meta's platform, you cannot purchase virtual real estate like in other metaverses such as Sandbox or Decentraland.

What is the most fun Metaverse to play in?

That is subjective, however the top rated metaverses for gamer experience would be Sandbox.

What is the best Metaverse investment?

There is no correct answer, but by looking at the most popular and lucrative metaverses for business and user experience, is a good place to start.

Recapping the article...

1. What is the Metaverse and how can it be used to buy land?
2. How do you purchase land in the Metaverse, and what are the associated costs?
3. What are some of the benefits of owning land in the Metaverse, and why should you consider investing in it yourself?
4. How can you use your land in the Metaverse to create wealth and income for yourself over time?
5. Are there any risks associated with buying land in the Metaverse, and how can you mitigate them?
6. How do you go about selling your land in the Metaverse, and what are the potential profits to be made from doing so?"