Virtual land sales have been in the headlines in recent weeks. The million-dollar land sale may come as a surprise to newcomers to the Crypto world. In addition, buyers of the most expensive plots are often professional investment firms. People believe that Metaverse Land is the next big thing, and early buyers will reap the highest rewards. To buy and sell land in Metaverse, XANALIA is one of the largest Marketplaces with amazing deals and offers.
What Is Virtual Land?
Let’s get back to the basics. The Cryptosphere is evolving at an unprecedented pace in 2021 and can be challenging to maintain.
In essence, Virtual Landforms a core building block of “The Metaverse”. It is the next reunion of the Internet where the physical and virtual worlds collide. It includes hyper-realistic VR experiences and their economies. The XANALIA provides many offers to buy and sell NFTs in Metaverse.
VC firm Gray Scale estimates Metaverse to have a chance of $1T, while others are just as quick to evaluate it at $30T. For comparison, today, the market cap of the world’s largest Internet companies, such as Facebook, is $900B, compared to Apple’s $2.8T at the time of writing.
What Makes Virtual Land Valuable?
There are many reasons to buy virtual land, and we are seeing governments get involved. Below we look at some of the common reasons why one might see value in buying virtual land and the different ways landowners monetize their digital assets.
Monetizable Land and Building Rental Experiments
Now that you own the land, you can experiment or hire others to do it. You can rent a space just for brands to promote themselves or host branded experiences like fashion shows. Brands are also buying land plots directly; Adidas recently purchased a land plot in Metaverse.
You can also lease your land to game developers to make games. Some of these games are highly lucrative.
Shortage and Growing Demand
Most Cryptocurrencies have a maximum total supply (such as Bitcoin) or a high inflation rate (such as Ethereum), so most creators in Metaverse limit their land supply.
Developers create games as brands and move toward Metaverse, and artists host special concerts or experiments. There will be a natural increase in consumers who want to use the content, increasing consumer demand.
Speculation is more about eliminating land. With the hype surrounding virtual land buyers, many purchases are still speculation and cannot be fully quantified.
Utility and Status
In the real world, lumbering elephants are exposed to the aggression of speeding little people. Similarly, in games like Metaverse and NFTDUEL, much shopping is done just because the buyer wants to enjoy it.
NFTDUEL has grossed with time. It comes from the in-game purchases that allow users to enjoy additional features, skins, clothing and accessories.
The more experiments are being done on these virtual worlds, the more attractive it should be in principle for new customers to come on board. It will inevitably lead to an increase in both lands’ prices and its tokens.
Most virtual worlds use their Cryptocurrency, and prices can fluctuate. Today, much of the atmosphere in Metaverse is still being created. It can compare to the real world, where the value of a home in a newly developed neighborhood is only with the community building around it.
It will grow in 3 years, and it will be full of cultural hotspots, shops, cafes, and it will become a place where everyone wants to visit.
Metaverse promises users an exciting new chapter, where our physical and virtual lives will be more integrated than ever. Virtual land will form an essential building in these new virtual worlds.
However, there is a significant risk as an emerging region, and we are in the early stages of adoption curves. It means that it is still a matter of which platform will emerge as the final winner consumers want.