The metaverse is a 3D virtual universe that provides an immersive experience for socializing and connecting. To make the virtual environment have similar qualities and appearance as the real world, there is a need to sell land to erect structures.

What is a metaverse Land?

Metaverse land is a virtual land that exists on the internet. It is a non-fungible token (NFT) and can be exchanged, sold, or bought using cryptocurrencies or tokens. A unique blockchain code is proof of ownership for a parcel of land in the virtual world, making it impossible to manipulate or alter. The purchased land can be used to build structures for different purposes. The following are five easy steps to buy metaverse real estate.

5 Easy Steps to buy a metaverse Land

1. Create a digital crypto wallet account: Virtual land purchases are made with cryptocurrencies stored in a crypto wallet. Some of the crypto wallets you can use are Binance Chain Wallet, Coinbase Wallet, Metamask, and Trust Wallet.

Check here the best crypto wallet apps for iPhone/Android.

2. Select a platform: Select a virtual real estate platform to purchase your land. There are different types of metaverse real estate platforms you can browse through to compare listings before going for your choice. Decentraland and Sandbox are the best metaverse projects, while OpenSea is the best third-party platform to buy virtual lands.

Some of the features of a good platform while listing a land is providing key information related to the metaverse land. Examples of such are price, size, and current owner of the land. Some platforms also have native tokens, such as MANA, used in Decentraland for buying goods and services.

3. Choose your land parcel: Click on the listed land before purchasing or bidding on the selected marketplace to get detailed information about the land. It’s important to know that land prices increase with proximity to important landmarks, such as Samsung virtual stores. This makes choosing land that fits your budget and intended use important.

4. Connect your crypto wallet: You will be charged a gas fee for the transaction along with the land price. Confirm your wallet has enough cryptos or tokens to carry out the transaction. Click on buy or bid to get a pop-up to connect your wallet.

5. Complete purchase: Ensure the amount charged is accurate and verify the transaction is successful by checking if you have an NFT on your digital wallet. You will be registered as the new land owner and get coordinates of the area on the metaverse map.

Best platforms to buy metaverse land

Virtual lands can be bought from both metaverse projects and marketplaces. The following are popular examples of metaverse projects and marketplaces to buy virtual real estate.

Decentraland

Decentraland is the most popular 3D virtual real estate project that allows buying metaverse land using its native token, MANA. It supports different wallets such as Ledger, Trust Wallet, MetaMask, Coinbase, and more. It uses the Ethereum blockchain network and was launched in 2020. It started selling its lands for as low as $20, and now its lands have appreciated millions of dollars, making it attract different companies (Samsung and Adidas) and public figures (Deadmau5 and Grimes).

Sandbox

Sandbox is also one of the most popular metaverse projects. It started selling parcels of land in 2022 and has a native token, SAND, that can be used for transactions on its platform. It is also built on the Ethereum blockchain, giving unlimited access to users to enjoy amazing virtual life. It has 166,464 parcels of LANDS of size 96 x 96 meters. It also has an ESTATE, which is a combination of different lands. It works with Coinbase Wallet, Ledger, MetaMask, Trust Wallet, WalletConnect, and more.

OpenSea

OpenSea is a leading Web3 NFT marketplace where virtual real estate can be bought. It was founded in 2017 and has over 80 million NFTs and 2 million collectibles. It is built on the Ethereum blockchain, making it possible to use different Ethereum wallets such as Trust Wallet, Coinbase, and MetaMask for virtual world transactions. Finally, OpenSea is intuitive and allows you to use a credit card to purchase cryptos or tokens without having to buy on an exchange and transfer.

Why buy a metaverse Land?

Metaverse land investment is like the present world real estate investment. The following are important reasons to consider buying land in the virtual space.

Enjoy the metaverse world: Enjoying your time in the virtual space is the first reason to buy virtual land, as its aesthetics and pleasure are unmeasurable.

Make a profit: You can buy virtual land on popular platforms to make a profit by selling in the future, as the metaverse is a fast-growing investment. It is expected to have a share growth of about 677.98 billion, at 33.26% CAGR, from 2021 to 2026.

Earn passive income: With your virtual real estate, you have the opportunity of erecting a building that allows you to rent out for events, clubs, and stores.

Advertisement: You can sell your parcel of land to brands needing spaces for advertisement if you have land in high-traffic areas.