How to buy land in the Metaverse [+7 platforms]

Land prices in the Metaverse are increasing day by day, and most people are wondering how to buy land in the Metaverse. Stay tuned for a pinpoint guide for that.

The Metaverse is a digital reality where we shop, play, watch, buy, sell, and do just about everything we do in this mortal physical world.

The metaverse happens on computer servers, just like social media.

But while social media is limited to sharing text, images, and videos, the Metaverse is a completely virtual life.

You live as an avatar within the Metaverse, living a virtual life, socializing with other virtual people, enjoying live performances, conducting business, and more.

Brands are starting to take this seriously. Companies like Samsung are opening Metaverse exhibition centers, while companies like McDonald’s are filing trademarks for virtual restaurants that bring food into this real world.

And there are plenty of challenges for top Metaverse companies and Metaverse crypto coins.

However, we will continue to focus on only one aspect.

metaverse investment

Let’s start with a formal warning: (Metaverse) investing is risky .

But that’s part of every investment.

It’s the same as with Bitcoin 10 years ago. People laughed and derided computer coins as an investment opportunity.

Now that the value of Bitcoin is skyrocketing, it’s safe to say it’s a joke.

Land parcels in the Metaverse could repeat that history. At least the last few years have been proof of that.

Let’s take a look at the transaction history of one of the Decentraland land parcels listed on Opensea .

As can be seen, the first transaction yielded over 100% return to the owner within one year. And the second one, carved over 16%, will be back in just 3 days.

But that could be an exception. Now let’s look at something else.

Don’t get me wrong.

The goal is not to drive you into a frenzy of buying up parcels of land in the Metaverse. Furthermore, the third sale results in a loss, and the fourth makes only a small profit. But again, this parcel gave the original owner a whopping 1600% return in three years.

Similarly, more trades allow investors to make profits, but there are also about the same number of entries incurring losses.

It is also helpful to know that investing in the Metaverse is based on the same principles of supply and demand. For example, a Metaverse project for which you have purchased land may not attract visitors and your investment may be wasted. Or it can help you build wealth quickly.

However, we are not financial advisors. Instead, this article will focus on how to invest (buy land) in the Metaverse (only if you want to do so in the first place).

How Metaverse Investment Works

Technically, land parcels in the Metaverse are non-fungible tokens.

When you buy an NFT that represents a particular plot of a particular metaverse, it remains on its respective blockchain. You can see the history associated with each right from the beginning.

So there are basically five steps to buying land in any metaverse:

• Metaverse selection
• land selection
• Creating a related crypto wallet
• buy
• Validation of transactions on the blockchain

Let’s take a closer look at the aforementioned process for a particular land parcel in Decentraland.

It is listed on the famous NFT marketplace Opensea.

The price is Ethereum (2.99 ETH), so you will need to create a compatible wallet.

If you are okay with hot wallets, Metamask is one of the best options.

Hot wallets, which are usually free, are software that resides on your local machine. They are more susceptible to cyber-attacks than hardware wallets that are only connected during transactions.

You will then need to load your wallet with an additional amount to cover the required transaction amount and transaction fees.

Some wallets may have built-in exchange functionality, as is the case with Trust wallets and Coinbase wallets. Alternatively, you can buy it on an exchange and transfer it to your wallet address later.

Then, when you click “Buy Now” you will be asked to connect your wallet to the marketplace.

The process from here depends on the wallet you have. However, if you can follow the on-screen instructions, you should be fine.

Based on transaction fees and network conditions, the transaction will be completed in due course. Finally, transactions and ownership on the respective blockchains can be verified.

Now that we know the general process, let’s move on to some platforms for purchasing land in the Metaverse.

high seas

Opensea is a one-stop solution for trading assets across multiple metaverses.

Simply select the virtual world of your choice, select your parcel, and proceed to purchase. You should also click on this redirect symbol to learn more about the actual Metaverse Marketplace before making a purchase.

In the end, Opensea makes it easy by bringing everything together on one website.

Additionally, you can buy certain cryptocurrencies directly with your credit card on Opensea, without having to buy and transfer money on an exchange.

Decentraland

Decentraland is a top-rated metaverse project. Its native cryptocurrency MANA is always at the top of the list of Metaverse coins.

Decentraland supports sign-ups and purchases with MANA through the MetaMask wallet.

MANA is available on major crypto exchange platforms such as Coinbase, Binance, and Huobi. Therefore, you will need to purchase MANA on one of these available platforms and send it to MetaMask. Additionally, you will need some ETH to pay transaction fees.

Finally, you can select your parcel and click Buy or place a bid. Bidding allows you to offer any price depending on the expiration date, and it is up to the owner to accept or leave it alone.

sandbox

Sandbox ranks second only to Decentraland as the best Metaverse project to buy land from.

Sandbox allows you to sign up using various options such as Metamask, Coinbase, and Bitski. Additionally, you can log in via Facebook, Google, or Twitter and use your Vinyl wallet to sign up.

Buying real estate in The Sandbox is similar to Decentraland. Similarly, you will need the native crypto SAND and some ETH to purchase.

After loading your cryptocurrency wallet with SAND, you can browse the LANDS section of the Market tab and select your choice.

After that, it only takes a few clicks, such as tapping “Buy Now” and signing the transaction in your wallet.

somnium space

Somnium Space is a relatively new metaverse that handles marketplaces via Opensea. What sets it apart from other products is that it is compatible with virtual reality, whereas most of its existing rivals are not.

You need to connect it to MetaMask and buy the selected parcel with ETH.

crypto voxel

CryptoVoxels is another Ethereum-based metaverse in the list of virtual worlds. We support sign-up with Metamask, Coinbase, Torus Wallet, and Wallet Connect.

You can purchase on the official website or check out the same on Opensea using the links provided for each parcel.

highlands

Upland is still a new metaverse, and land prices are affordable, costing less than a few thousand dollars. This is different because each property is associated with a real-world address.

Another difference is the sign-up process, which does not require a crypto wallet. Instead, create and access an account using your email and password.

When you sign up for Upland, you’ll receive 4,550 in your home currency, UPX. Additionally, you will also get a tag for visitors with a 7-day visa. When your visa expires, you have a one-day grace period to renew it by simply logging in. If this fails, your UPX will be returned and you will have to start over.

To purchase property in Upland, you must have a higher Uplander status. This means owning 10,000 UPX which can be purchased within the platform using Paypal or cryptocurrencies.

Once you reach that milestone, browse the map, select your property, and follow the onscreen instructions.

Additionally, all Uplanders have their assets on the blockchain, ensuring immutability.

elsa

ERTHA is a life simulation metaverse that divides planets into purchasable hexagonal land parcels. Each ERTHA land parcel hosted on Binance Smart Chain is unique in its resources and location.

Purchasing land in this metaverse is very similar to what we have described previously. The first step is to select your specific hexagon and click “Add to Cart” . Then open MetaMask by selecting the available option (BNB, USDT, etc.) and complete the transaction.

Alternatively, you can copy the payment address, transfer the amount and wait for confirmation.

conclusion

This is a very concise list and there are many more Metaverse land projects to invest in. As already mentioned, investing in Metaverse is risky due to the volatility of cryptocurrencies and also depends on the success rate of the project.

As a side note, you can check out these platforms to sell your NFTs.