Go to plan an in metaverse.

The company believes that the metaverse is going to be big, and it’s preparing to solve the logistical challenges.

Snap is not a huge player in the metaverse hardware space, but the parent company of the Snapchat app has another angle. It spends hundreds of millions of dollars every quarter on research and development — its largest operating expense, by far. An outsized portion of this spending goes into developing its virtual-reality (VR) and augmented-reality (AR) software capabilities. In the metaverse, top-notch VR and AR content is key. And, with the amount of money Snap is plowing into content, there’s a good chance its technology will be used by many in the metaverse.

Nvidia is another potential metaverse architect that can’t be overlooked.

If you want to profit early, you can partake in the early stages of the metaverse development – one way to invest is metaverse land.

Even though purchasing virtual land may still seem like an odd investment, many see the potential, but the market is still highly speculative. It isn’t just the possibility of long-term gains that drives investor interest and hype – metaverse land also offers the chance to earn passive income through renting out real estate.

Here are some of the main trends and reasons to buy land in the metaverse:

Make a profit

The metaverse will likely grow, so buying land on the most popular platforms is a way of investing in its long-term growth.

We’ve already had a small taste of how education’s form is changing thanks to Covid-19 and what seems like a lifetime of online classes. So, it comes as no surprise that online learning and the metaverse are being discussed in the same conversations.

Immersive learning experiences are certainly seen as the new way forward.
In a video released alongside Mark Zuckerberg’s Meta announcement, a young child and mother can be seen studying a digitally-rendered solar system while Marne Levine, Meta’s Chief Business Officer, narrates: “What if you could learn about anything in the world just by bringing it closer to you? If you were taking astrophysics, you could study in the metaverse.”

And as a student’s avatar is transported to a virtual Ancient Rome, Levine says: “In the metaverse, you’ll be able to teleport not just to any place, but any time as well.

So why are people willing to pay millions of dollars for virtual land in the metaverse?

Despite sky-high prices, people are increasingly interested in the investment opportunities of the metaverse. In 2021, when Mark Zuckerberg rebranded the social media platform Facebook to Meta Platforms (NASDAQ: FB), he also announced plans to focus on the development of the metaverse, raising the widespread interest of large corporations and individual investors.

As metaverse development is still in its infancy, it offers attractive investment opportunities with the decentralized finance (DeFi) world heating up.
Investors are flocking to the digital world to find new ways to diversify their portfolios via virtual real estate that can be sold for a profit or rented out for passive income.

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Why are people buying virtual land in the metaverse?

Buying virtual land in the metaverse may sound crazy, especially when the cheapest plot of land is going for more than $10,000.

For each piece of land, called parcels, users can use the MANA token, the platform’s digital currency, to purchase land in Decentraland.

Step 1 – Register your account

First of all, head to the Decentraland platform and create your account.

From there, you have to connect your crypto wallet to your Decentraland account, and you are all set up to go ahead and purchase the land on the Decentraland marketplace.

Step 2 – Head to Decentraland Marketplace

Once you have registered as a user on the Decentraland platform, head to Decentraland Marketplace, provided you have already signed up with a crypto wallet such as Metamask, and if needed, connect to your wallet by using a Chrome extension:

After which, you can connect to your wallet again (unless already connected).

Depending on the aim of your purchase, you can either hold on to it as a long-term investment, flip it for profit, or build something on it.

Step-by-step process to buying land on OpenSea

OpenSea is the first NFT marketplace in the world for buying and selling all types of digital assets, from NFTs to crypto-collectibles, including virtual land. Users can also browse for trending NFT projects and resell their existing assets on Ethereum (ETH) and Solana (SOL) blockchains.

It is better to purchase virtual land on a third-party platform if you already know which land and on which metaverse platform you want to buy.

Step 1 – Register and sign in to your account

In the first step, you have to register your account on the OpenSea NFT platform.
This is relatively easy and only takes a few simple steps to complete.

However, digital assets such as virtual land are still highly speculative and come with heightened risks for both beginners and seasoned investors, which is why it is crucial to do research before purchasing metaverse real estate.

FAQs about buying land in the metaverse

What is virtual land in the metaverse?

Virtual lands are digital images and programmable spaces on different metaverse platforms, where users can build and design their houses, virtual NFT art galleries, stores, or virtual event spaces, and much more. Virtual land is especially popular on two of the largest blockchain-based platforms Decentraland and the Sandbox.

How to buy land in the metaverse?

Each piece of virtual land is sold as a non-fungible-tokens (NFTs); each token gives you the rights to own and develop a specific area on a particular metaverse platform.

Where to buy land in the metaverse?

In most cases, you can buy metaverse land on an NFT marketplace like OpenSea by searching for land NFTs of a specific metaverse platform, or alternatively, you can head straight to a specific metaverse platform, such as Decentraland Marketplace.

Why do investors buy land in the metaverse?

Corporations and individual investors buy digital land for various reasons: to provide products or services virtually in the metaverse, sell their land for profit, or rent it out to earn passive income. For example, businesses can sell their products by building virtual shops, offering services in virtual casinos or banks, or hosting live events to attract new audiences.

You could build revenue-generating services like casinos, clubs, stores, or event spaces, where you could either hold events, rent the space out for events, or rent it out to someone else to build on it to earn passive income.

4. Advertising

As some parts of the metaverse platforms are increasingly popular for user traffic, it’s a new opportunity for advertisers to promote products and services to the platform users.
Landowners can sell their space for advertising purposes to brands wanting to sell their services on digital billboards in high-traffic parcel areas, in popular neighborhoods, or at virtual events – in virtual versions or real-life Times Square.

5. Provide services

Virtual land owners can also be companies that wish to extend their services and physical world presence in the digital world.

For example, Decentraland can connect to Metamask, Fortmatic, WalletConnect, or Coinbase Wallets.

For ease of use, we recommend integrating a digital wallet that can be added to your browser, as you can automatically log in and connect two separate accounts – the wallet and the platform accounts.

No matter which wallet you choose, you must buy cryptocurrency supported by your chosen metaverse platform – for example, Sandbox and Decentraland have their own digital currencies: SAND and MANA accordingly, and as they are on Ethereum blockchain, you would also need some ETH to cover the gas fees.

You can purchase these digital currencies on crypto exchanges such as Binance or Coinbase, which also connect directly to your digital wallet.

However, Facebook CEO Zuckerberg thinks the Metaverse will be mainstream in 5-10 years. So, to be realistic, we can expect the Metaverse to be released in 2 – 3 years.

In the meantime, there are already many Metaverse platforms online for you to get started.

The most popular ones are The Sandbox and Decentraland. Then there are some others, like Axie Infinity, Ertha, Horizon Worlds and Star Atlas.

Here, we will show you how to join The Sandbox, Decentraland, and Axie Infinity Metaverse.
So, let’s get started!

How to Join The Sandbox Metaverse

The Sandbox is a virtual world where you can build, own, and monetize your gaming experiences.

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