Mark Zuckerberg really shook the world when he came out with the idea of the metaverse. Of course, we had seen it in movies before but we did not know it could be done so early in our lives. It might have been something that the next generations were going to see. However, now it seems that it could be becoming a reality sooner than we had expected. After renaming Facebook and then releasing a whole concept of this universe, Mark is moving upwards at a steady pace. Through this verse, we can connect with each other on a single virtual platform, regardless of where we are.
That said, just connecting is not the only thing that the metaverse is good for. It is said to be a whole different universe present online. The idea is loosely similar to what we have seen in the movie ‘Ready Player One’. It is to make sure that we don’t utilize our moments without doing anything. Instead, we can just log on to the metaverse and explore the vast reaches of the world it offers. Additionally, we might be able to purchase land in it!
The Metaverse And Land
It seems that a lot of people have started viewing spaces inside the metaverse as property. They see it as property that can be purchased, regardless of how much it may cost. Their eyes are set on the virtual piece of land and they want to buy it. One of the metaverses, Decentraland, is one of the popular ones where such purchasing is taking place. The lands are being sold for billions of dollars and they might give out a healthy return of investment.
In fact, they can be used as NFT hosting platforms for virtual art galleries. It seems that Snoop Dogg is also hosting a members-only event on his property within the metaverse. Apart from that, another user has paid nearly $450,000 to purchase a plot right next to Snoop Dogg’s mansion. For now, Decentraland is the most popular for virtual land investments. Once the purchase is made, it will be sent to your wallet as an NFT.
All you have to do is visit the site of the metaverse sandbox and browse through any of the plots you are interested in. Once you find one, simply select ‘Buy’ for it and it will be placed in your wallet. However, you have to make sure your wallet is connected to your account. Additionally, the wallet needs to have the required amount of Ethereum to make the purchase.
That said, this shows the world going in a whole new direction. Not only are virtual properties becoming common, but they are also becoming the next wheel invention. Who knows what other prospects can emerge from just this one? We hope to see more development on this front.