Metaverse Virtual Assets (land)

Just like the way you buy and sell in real world, you can also buy and sell in the digital world.

you know we have two world right? The virtual and real world.  

You can also call it the Universe and the Metaverse.

This is where metaverse comes in, dealing with the Metaverse is like a transition from the Real world to the Virtual world and in the virtual world, you can do the following;

1) Purchase and Monetize real estate.

2) Create scenes, games and other VR experiences.

3) Express yourself through customizable avatars.

4) Meet and collaborate with remote colleagues.

5) Socialize and make new friends.

6) Shop for real and virtual products.

7) Attend concerts, trade shows and learning events.

8) Play virtual reality games.

9) sell in-game assets for cryptocurrency tokens

10) Invest in digital artwork through NFTs

11) Get a job in the metaverse

12) Brainstorm and design products in 3D.

So many things to do in the virtual world because the above listed are just a few of them.

You can't be in the virtual world in person, you can only interact and connect with it with a strong internet connection.

Before the creation of the digital world, the real world was a difficult one, you only relate to things around you.

But this day, it's good enough that if you want to relate with someone far from you, instead of sending a letter that will take days to reach it's destination, you just have to connect with the person using Metaverse means of transportation like the social media apps, emails, and website addresses.

You must make sure that the petrol (your data bundles) of your Metaverse Car is sufficient 😁.

Please if you are reading this blog, make sure you comment with your MTN number for free Data Bundles.

I believe you now understand how the Metaverse works 😁

So, talking about Metaverse Virtual, Assets just the way we have Real world assets like Land and Properties, Industries, Companies, Factories, Money etc.

We also have Metaverse Assets which includes;

1) Virtual lands (Oland)

2) Virtual designs and Arts (NFTs)

3) Virtual Pets and Animals (Crypto kitties)

4) Virtual currency (Crypto coins)

The fun begins here 😁

1) Virtual Lands.

Real estate is normally thought of being a very lucrative business and Investment that have huge returns.

So now, what about the virtual one?

You know that virtual is something that you can only see but you can't touch, therefore whatever you are purchasing in the virtual world cannot be touched but can be seen.

Don't be scared 😂, What ever you buy can be resold just like real properties.

The only thing here is that you have to study about this very well and know the legit sources before going into it, scams are everywhere.

Same as the virtual land, you can only see a virtual land represented with image (NFTs) but you can't touch or visit the land in person.

What's the full meaning of NFT?

It stands for Non-Fungible Token

Which means it's a unique asset like a piece of arts or graphics that can't be replaced, but traded and exchanged for one another.

As at the time I wrote this article, I got to know the full meaning, you are not alone buddy 😁

So what this means is that what you will buy as a virtual land is just a pictorial representation of a land that has value in the blockchain space.

Where to find land to buy in the digital world?

For example, you can buy virtual land, such as LAND – a digital piece of real estate in The Sandbox, or Somnium Space, or at Decentraland. The buying process itself is similar on different platforms. All you need to do is follow a few steps.

1. You create a wallet and an account on the platform of your choice.

2. You buy tokens, the platform's currency.

3. You transfer the tokens to your wallet on the platform.

4. You visit the selected market and look for a suitable virtual property / parcel of land.

5. You choose and buy and become the new owner!

Any examples of interesting real estate purchases in the Metaverse?

- JP Morgan – the first bank to enter the metaverse. They have opened a lounge in Decentraland.

- Snoop Verse – a metaverse on The Sandbox platform owned by Snoop Dogg, where he owns a property. One of the rapper's fans paid $450,000 to become Snoop's virtual neighbor.

- The Republic Realm – paid a record $4.3 million for land in Sandbox, to develop 100 islands, called Fantasy Islands, with their own villas and a related market of boats and jet skis.

2) Digital Arts/NFTs

Already you know what NFT means.

Crypto-art or digital art is a new art form that uses new technologies to create unique digital content. It is not just about illustrations, although this is perhaps what comes to mind most when we talk about it. 

Crypto-art uses the technology of NFTs in such a way that each work of art or artistic creation is linked to one, in the same way as with the use of cryptocurrencies.

These NFTs are digital assets based on cryptography that guarantees that each piece is unique and unrepeatable, as well as certifying the authorship and ownership of the piece, securing each transaction made with the work in question, and carrying out a follow-up if necessary.

This means that, if you have a particular type of NFT design on a blockchain, it can't be seen anywhere else.

3) Virtual Pets and Animals

A virtual pet is a type of artificial human companion. They are usually kept for companionship or enjoyment, or as an alternative to a real pet.

It becomes and asset when it's attached to digital games. Here, you purchase a baby pet at low price where you have to feed it and grow it until it gets bigger and then you can trade it for a higher price in the digital market places.

You can try to find games like that than playing free games that got no profit to give. Eg. One of today's digital pet games is Catizen.

 

4) Virtual Currency (Crypto coins)

Just like you know are decentralized coins that has different ranges of value which can be purchased and kept as an asset for a longer period of time or can be exchanged to real cash in due time.

There's no need going deep into this one because you already know much about crypto.

Investing in the Metaverse world is of great benefits where government policies have limited effect on your virtual asset unlike the real assets where you pay tax.

If you enjoyed reading this, feel free to give your feedback.

Shalom ✊