The metaverse virtual real-estate is the newest buzz-worthy investment right now and investors are quickly becoming landowners. This trend is not new nor should be thought as without merit. In fact, the biggest investment in real-estate comes in the form of putting big money in well-chosen metaverse such as Vuco World.
Owning parcels of land is the key to winning in the metaverse. There are a number of reasons metaverse properties and parcels are where investors will see huge returns.
Uncover metaverse top secrets and trivia as you go though this article!
Commercial names are jumping feet-first into the metaverse
Nike, one of the most established sports and shoe brand, is the latest in a string of big name brands that are stepping into the metaverse. Just this month, Nike has announced a purchase of a company that makes NFT sneakers called RTFKT. Yes, that’s correct. It makes sneakers that only exist in the metaverse.
Nike wants to make sure that every avatar in the metaverse is wearing Nike shoes, and it’s going to go in big and fast. It’s not waiting to see what other companies are doing because it has a solid understanding of what’s driving these platforms and how it can reap the benefits.
For example, Gucci, a division of Kering, ran a limited promotion this summer where it created a digital version of the Gucci Garden exhibit, gave away, and sold metaverse versions of popular bags and other limited-edition items on Roblox (NYSE: RBLX).
Items were initially priced between $1.20 to $9 each, but some resold for as much as $4,100 of Roblox, demonstrating both a primary market need and a secondary market interest in branded products.
Real estate developers are dumping millions into the metaverse
Virtual real estate developer, Republic Realm, just set a record by purchasing a $4.3 million piece of land in metaverse platform. The Sandbox, breaking a record set a week prior by Tokens.com for a $2.5 million purchase of land in Decentraland.
That’s some walking-around money.
Vuco World, the latest metaverse platform, sells 300 million in land parcels in 2021 before the new year.
Given that these companies fully intend to create spaces like virtual malls and other rentable properties (where, for example, Nike might set up shop), and that both gave very serious consideration to how to determine the value of metaverse property. These guys are serious as cancer — and have the business plans to prove it.
They foresee a world where they can rent storefronts to companies who want to sell merchandise while not maintaining any virtual real estate; rent virtual condos to people who want to visit the metaverse but not drop $12,000 on a lot of their own; or even design and build custom homes for celebrities who feel like a metaverse presence is good for their brand image but don’t have the time to muck around with the messy bits. In metaverse, you are spoilt with choice.
Metaverse real estate isn’t new
Although the hottest platforms in the metaverse are fairly new, they’re far from the earliest examples of people getting into virtual real estate and making an absolute killing.
Bloomberg covered Second Life‘s first millionaire, Ailin Graef, in 2006. She got in to Second Life early, spent two years building up virtual land holdings and developing custom avatars, and now invests heavily in technology groups with a fortune made in a virtual world.
Just this year, Second Life (started in 2003) reported a GDP equivalent to $600 million and over $80 million in cash outs to creators based on their investments in the community. The Second Life Marketplace offers a wide range of rentals but rarely any real estate for sale.
Presumably, owners are making enough on those rentals, even at $4 or $5 a week, that they have no desire to sell. These transactions are largely handled through real estate groups native to the platform.
If a platform that almost no one has heard of from a time before social media has captured the hearts and minds of about 70% of Americans, and can continue to bring in this kind of money this long after it debuted, surely, a platform that’s been built with all
the lessons from Second Life in mind can be just as stable — and potentially at least as profitable. Just like real-life real estate, virtual real estate lots are designated parcels within the space designated for the platform.
Further, there’s a limit on how many parcels are available, depending on the platform, and that creates scarcity in the same way that there is only so much land in the physical world.
For example, Decentraland has 90,601 individual plots, each traded as a type of NFT known as LAND, and they’re purchased using a cryptocurrency called MANA.
Vuco World has 104,200 individual parcels for sale which have been selling using Ethereum and VucoCoin which is VucoWorld Cryptocurrency.
The metaverse trend offers immense potential to revolutionize our lifestyles and communication, and we’ve seen its development accelerate post-pandemic. Cryptocurrency investors of today are likely to be the “masters of the metaverse”.
The metaverse now has the potential to take The Sims to a whole new level. We are truly creating parallel systems of existence that will change how we live, how we interact with people across the world, and how we do business – meaning you can probably hire someone in the metaverse.
The future of metaverse real estate
Financial incentives aside, you may be wondering what companies and individuals will actually do with their virtual land.
As an example, the Metaverse Group’s purchase is in Decentraland’s fashion precinct. According to the buyer, the space will be used to host digital fashion events and sell virtual clothing for avatars – another potential area for growth in the metaverse.
While investors and companies are dominating this space at the moment, not all metaverse real estate is available. However, it looks like Vucoworld is a first choice for investors as the plan and how its being built is bringing major brands to the company.
Have a virtual tour and explore Vuco World by playing the video below!
Planning to buy? Visit us at OpenSea and start making history now. Click the black box below and you will be automatically redirected to the site.
he VucoWorld meta encompasses 102,400 pieces of land, or parcels. Each parcel is 16 square meters, roughly 50 feet by 50 feet. So, land is a limited resource in Vuco World as it is in the real world.
Each land parcel purchased will become a non-fungible token (NFT, ERC 721 or 1155), which means it is unique and cannot be forged or duplicated, the same as physical land in real life. Anybody can buy, sell, or rent land at any time, peer-to-peer on the official VucoWorld Marketplace, or via Open-sea where the digital land for Vuco World will be minted.
VucoCoin is paired with Ethereum ERC20 and has not yet been given a global value on the world market. Today, we value the Vuco Coin pairing price as it moves up and down based on the high or low value of Ethereum’s daily price. Vuco World has a pre-buy Launch for several consortiums and Pioneer shareholders starting December 30th, 2021.