The 3D World Space Metaverse:
Metaverse is related to the artificial world that is synthesized with the real world. With the help of virtual reality (VR) headsets or augmented reality (AR), you can “visit” a virtual scene in three dimensions space.
With the boom in crypto, the metaverse concept is gaining more popularity. Multiple tokens inspire with Metaverse. Like Axie infinity, Sandbox, Decentralend, Etc.
In this article, we are concerned with the Digital Real state in Metaverse and discuss how we can buy through Sandbox.
The Metaverse digital estate is a piece of Land or a plot in the virtual space. They are pixels in the most basic sense. They aren’t just computer photos. They are programmed areas on virtual reality platforms where users can interact socially, play games, advertise NFTs, hold meetings, and attend virtual concerts.
How do I purchase a metaverse Land?
Buying and selling of Metaverse Land are much similar to NFTs. Your ownership is secured with Unique code on a blockchain network. This unique code makes sure your ownership or rights in the digital space.
To start to purchase your metaverse real estate portfolio, you will need to have your own crypto wallet. so you might want to check it out before signing up for a new wallet. Then, go to the virtual metaverse platform and create an account. You’ll need to link your digital crypto wallet to that platform where you buy Land and plots. Choose a portion of Land and purchase it.
To start purchasing metaverse real estate, first, you will have a digital wallet and hold crypto assets because most of the platforms use cryptocurrencies to complete the transactions. You don’t need to create a new wallet to perform these operations if you already have a wallet that is well enough to purchase the Land in Metaverse. After login, you will need to connect your digital wallet to the platform you will use to buy land assets. Choose the size of the and the coordinates of that Land.
You can also buy Land in Metaverse through the brokers. But make sure that your broker or a property manager is honest because, in the Metaverse, the broker does not have any license or governing authority. So, beware before performing any purchasing.
Sandbox that governs the Metaverse real estate purchasing.
Around 62% of the entire market cap related to metaverse real estate property is owned by Sandbox. The average LAND cost is approximately $11,000. If you talk about the premium plots, it is between $20,000 to $30,000. Sandbox also provides the Land at rent for multiple purposes of use. It contains art galleries, family homes, and family houses of various sizes.
Everything on the UGC-voxel platform is created for the community. Voxel works are purchased, sold, and traded by sandbox developers and gamers. They purchase LAND and wait and develop the Land. They can also earn money from these experiences by using NFTs & SAND, Sandbox’s token.
Over the recent years, Sandbox has had partnerships with big gaming companies, investors, brands, and celebrities. This initiative plays an essential role for both investors and the creative space.
How do I select the good Land on the Metaverse real estate?
Like real estate, location is essential when picking a land in the Metaverse. As major companies such as Samsung, Atari, Adidas, and Miller Lite, stake their Land on  Sandbox, the value of the portions in these virtual environments keeps rising. Many early purchasers have significantly profited from their investments because of these big giant investment companies.
If you intend to invest in the metaverse real estate, search for locales with growth potential. Locations near prospective gathering points but not in developed districts. It will be worth more than those in unremarkable neighborhoods. The price of this Land is comparatively less. build them, and wait for price increases.
Below is the overall report and trends of metaverse real estate: