However, I'll show you the ins and outs of buying great digital real estate in the metaverse. Even if this concept seems incomprehensible to you, I am sure you are interested in this placement.
How to buy virtual real estate in Metaverse
The top metaverse platforms for buying virtual real estate are Sandbox and Decentraland. For both apps, you'll need to download a Chrome extension called Metamask, which is an online wallet designed to hold digital assets. Next, you must fund it with either SAND (for Sandbox) or MANA (for Decentraland), which are two cryptocurrencies based on Ethereum . Once your Metamask portfolio is sufficiently funded, you're ready to shop for virtual properties. First, let's dive into how to buy plots in the Sandbox.
Buy virtual real estate in the Sandbox
Did you know that Snoop Dogg and Steve Aoki own land in The Sandbox? A plot of land located between these two stars is currently for sale for $2.5 million!!
Fortunately, there are cheaper plots of land. Sure, they may be located in more parts of the sandbox where you won't find lands easily and might think there's no value, but chances are they'll increase in value over time. As of this writing, the hypothetical lowest-priced area is just under $10,000. Follow the instructions below to purchase your own virtual plot of land before someone outbids you.
Buy a plot of land in Decentraland
While Sandbox has been attracting rappers and DJs, Decentraland – another blockchain-based metaverse game, has caught the eye of tech brands like Samsung. The Korean-based technology company announced its purchase of properties in Decentraland in early January. It is a simulation store that can be explored virtually, and is modeled after its store in New York City.
Keep in mind that location is as important in the metaverse as it is in real life. You should own land next to squares (green spaces) and neighborhoods (blue areas) that are worth more than plots in the suburbs of Decentraland. The downside is that they are the most expensive on the map, but there is a possibility that they can appreciate the quickest and generate greater profits for owners faster.