For those of you who don't know what land in the Metaverse is, let's break it down quickly. A property in the Metaverse is essentially a virtual property represented by a non-fungible token. Every plot of land in the Metaverse resides on the blockchain, making it easy to verify its authenticity. Like land in the real world, virtual land is bought at a price primarily composed of cryptocurrency. Also known as NFT Land, these plots are either available in virtual real estate projects or can even be purchased on third party platforms such as OpenSea.
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Users who buy virtual land or NFT can create experiences on it, including games. One can even sell virtual land for a profit and even rent it out for crypto profits. NFT-Earth has steadily grown as humans plunge headlong into the endeavor throughout the metaverse. However, it's not just online people who have invested in these. Companies are also buying plots of land in virtual real estate projects and jumping on the moving bandwagon.
Reasons to buy virtual land
As with real-world real estate, your reasons for buying virtual land in the Metaverse may vary. However, most people buy it for entertainment or profit.
Before buying a virtual property
Nothing is truly free - in real life or on the blockchain. Therefore, landing in the metaverse will cost you some money.
Most of the popular Metaverse games that allow users to buy real estate are based on the Ethereum blockchain. This means you can do most of your buying and selling through ETH as the majority of the goods to buy are sold as NFTs. Having multiple Metaverse games on the same blockchain is nice as it allows for easy access, but the popularity of the Ethereum blockchain/NFT ecosystem has undoubtedly helped push the price up significantly.
If you don't already have a crypto wallet, take a moment to read our guide to setting up a MetaMask. You can buy ETH and fund your wallet through the MetaMask app, or if you have an account with a major exchange like Coinbase or Gemini, you can send ETH directly to your wallet.
However, not all platforms require ETH. Many allow users to purchase tokens with a credit card, which can then be used to purchase digital land. For alternative games that allow a wider range of payment methods, try Upland or Second Life.
Where to buy land in the Metaverse?
There are many Metaverse games where virtual properties can be bought. Most of them have sold land some time ago, which means you will probably need to buy a land or house through the secondary market. Before you rush to a deed, here are some of the most popular places to secure real estate. While many of these platforms allow users to purchase tokens that can be used for in-game purchases, we will describe each minimum price in ETH.
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