This blog outlines different eras of the Internet, hybrid of today’s online social experiences. How NFTs are already exploding and how Web3 Metaverse will change how we do marketing through communities and NFTs.
A lot of people are taking about metaverse, as a digital marketing consultant here is our take on two biggest Metaverse platforms, the Sandbox and Decentraland, and how you can buy limited number of plots on these lands. What is the vision of digital marketing companies to comprehend the Metaverse and our findings as a work of fiction?
The users provide money to the creators and do not give data to any centralized source. Most of the concept of immersive experience and buying digital lands seems like a scam. Nobody thought that a time will come when people will buy virtual real estate.
Wait, how much are people spending? An investment of hundreds of billions of dollars.
Insane Amount of Money Close to $3 Million
A crypto company Group just bought land about the size of three tennis courts and paid with mana (a cryptocurrency). Another company paid $4.3 million for buying virtual land inside decentraland, which is another very popular Metaverse. So people are spending an insane amount of money on non-real and non-physical assets. That’s how they are smashing records.
Isn’t it Infinite and Unlimited?
Not exactly. It’s not infinite, and it’s limited – like Bitcoin. Even though Bitcoin is a digital cryptocurrency, the Metaverse is a trillion-dollar market opportunity, challenging to wrap your head around to find the financial sense.
How are you Profitable?
When it comes to making money in Metaverse, buy and flip it to someone else who wants it to become profitable. That’s the short-term strategy, but practical approach to making quick money.
But the long term strategy is to get a virtual land in a suitable location – it can someday be a place that becomes valuable. Many people might want to hand it there for various reasons—hosting festivals, concerts, playing video games, or other live virtual events.
Sounds like a Scam?
But the truth is a plot of land sold for 2.5 million dollars allows players to level up their characters, mine valuable resources, and ultimately make more money.
Where do you Buy this Land?
The first place is called Sandbox, with the creation of video games and NFTs. They partnered to raise $93 million in their first round of funding.
The second place is Decentraland, parcels of land – they just recently hosted a several-day music festival with over 80 artists.
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The Virtual Lands for Hosting Parties
Sold for billions of dollars, these lands can be put to use, like hosting parties but also can be used to earn an income by renting them out monthly or hosting NFT art galleries.
How to Buy Land for Virtual Investment?
The first step is to go to the Marketplace for the virtual land you want to purchase. These are the steps you can take to decide how to buy land. After browsing through available plots of digital assets, do the following steps to process the purchase.
- After signing up at the Decentraland Marketplace,
- You click on ‘Parcels and Estates’
- Then on ‘View All.’
- Once the selection has been made,
- You can check it’s the price
- Details of the plot and its owner.
- Click ‘Buy’ for the first virtual plot.
- The wallet needs to have enough Ethereum to make the purchase.
- Your wallet will need to be connected to your account.
- Find it in the ‘Collectibles’ tab in MetMask wallet.