What is virtual terrain? How to buy land in the Metaverse

The metaverse is currently making headlines in the cryptocurrency world. After Facebook's recent decision to change its name to Meta. And cryptocurrency is proving to be the currency of these new virtual worlds.

Metaverse, where people can do many of the things they do in real life. There is a metaverse in which real-world geographic locations on a map are partitioned relative to the user-generated virtual environment.

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In terms of geographic location, buying “Virtual Land” in Metaverse is an important development. Users are using real money to buy them, acquire them, and recently, they made a profit.

Let's see what is “Virtual Land”? Where to buy virtual land in today's article.

What is virtual terrain?

Virtual terrain is terrain in a new city that only exists in virtual reality. Buyers can build whatever they want on their land and have the opportunity to earn income right there.

Why do people compete to buy Virtual Land?

new property

The digital real estate market has established itself as a legitimate asset class. Its value is increasing exponentially, making it an attractive investment opportunity.

It also has the potential to be a viable financial asset, similar to real-world artwork and real estate.

fire

There will always be people with the feeling that they might be missing out on something great that is a strong motivator for them to buy physical or virtual things. Many people stopped buying Bitcoin when it was too cheap, which led them to look for alternatives. And Virtual Land is a choice in that.

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Profit

Virtual land has the potential to generate huge profits. The convenience of turning land upside down (as with real estate) and a steadily rising market has allowed many people to earn thousands of dollars in a short amount of time.

Opportunity to earn extra income

Virtual land opens up new possibilities for income generating opportunities, like real land. How to build art galleries, implement advertising campaigns or rent to build and earn money.

Some users create virtual casinos on their virtual lands. Large retailers are also studying the possibility of opening stores in virtual reality. It's more than that.

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Easier buying and selling process

The digital real estate market also avoids the difficulties associated with buying and selling in the real world. Like excess paperwork, maintenance and taxes to pay.

The use of blockchain technology also improves the security and traceability of land purchases.

Low barrier to entry

Land prices are rising all over the world. But virtual lots offer the same benefits at 1% lower costs. So, buying real land may be out of reach for many people, but buying virtual land is within the reach of some money.

How to buy a virtual land?

There are many virtual worlds that we don't know about. They exist and grow all the time.

Since the introduction of Virtual Reality (VR) and Augmented Reality (AR), many companies have been working on creating virtual worlds that can be viewed using compatible devices such as computers, smartphones, etc.

Here are the top places to buy virtual land, as well as the amount of money people need to invest in order to own one.

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Axie Infinity

A group of virtual pets focused on collecting, guiding, breeding and fighting imaginary creatures known as Axies, had 822,567 in sales, bringing a total of $ 162,692,497.1 with the average price being $ 197.79.

The cheapest land in Axie Infinity is currently above 14,000 USD (see illustration below). To buy land in Axie Infinity click on here .

decentral and

A virtual reality marketplace powered by the Ethereum blockchain has completed over 129,806 sales transactions totaling $ 100,499,665.57 with an average price of $ 774.23 as of Nov.

If you want to buy land on the Decentraland market, click on here .

Then you log in with metamask and find the land for sale. Land in Decentraland is not cheap, with MANA prices soaring, landowners within Decentraland are making huge profits.

The sandbox

A community-oriented UGC-voxel system where users buy their land and store their crafting magic. Cheapest land price 2290 SAND.

To buy land in the Sandbox, Click here . Connect with your metamask wallet and buy. As of 11/27, a total of 129,371 sales took place on the Sandbox, bringing in total revenue of 195,055,828.59 USD with an average price of 1507.72 USD.

Conclusion

All over the world, people spend millions of hours every day in the virtual world. As long as people believe something has value. Inevitably, there will be some short-term investors looking to cash in on virtual lots in hopes that their value will increase. On the other hand, others simply want access to these lands because they want to.

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Land prices may decrease in the future. It is quite new and has not yet been fully adopted. There are always risks involved in investing, so this article is for reference purposes only and not investment advice.