Best Metaverse For Real Estate
Real estate purchases don’t have to be as time-consuming as they once were. In fact, you can begin purchasing real estate metaverse inside the real estate virtual world at a price that is significantly lower than what you would pay for it outside of it.
A few real estate metaverses also plan to provide tokenized fractional shares in real estate assets, enabling you to buy a piece of actual real estate for a much lower cost.
Some of the top real estate metaverse trends to look out for in 2022 will be discussed in this article. While some real estate projects are well-known metaverse-based real estate ventures, others aim to integrate real-world real estate assets onto the blockchain.
The five best real estate metaverse to watch for in 2022:
- Real Estate Investment Club – The best real estate metaverse for real estate entrepreneurs
- Decentraland – The world’s most popular real estate metaverse
- Somnium Space – A social VR world with a complete economy
- Next Earth – A true land ownership platform in the real estate metaverse
- Upland – A virtual property strategy game that is mapped onto the real world
A Closer Look at the five best real estate metaverse to watch for in 2022
1. Real Estate Investment Club
A project to connect the real estate metaverse and the sector is the Real Estate Investment Club (REIC). It is a metaverse initiative created to serve as the “go-to” location for everyone interested in real estate investing, whether they are on the metaverse or not.
It also aims to be a closed-door community where members can exchange ideas and impart knowledge on real estate, cryptocurrency, and NFT investing.
One of the designers of the Grand Theft Auto and Red Dead Redemption video games created the REIC NFT collection, making it very polished and sought-after.
Your avatar in the REIC metaverse known as MetaCity is represented by the NFTs. In order to create a fully-fledged economy from which REIC members can profit, REIC aims for MetaCity to serve as the focal point of all Metaverse-as-a-Service projects. In order to generate a second source of money, gamers can also monetize their goods and services inside the metaverse.
NFT holders have the following utility;
- Real Estate Metaverse Access – Exclusive access to the REIC – MetaCity and the REIC HQ.
- Real-world events – The team intends to host private real-world events in premium locations, the first being Edinburgh.
- Education – REIC – MetaCity will provide education for real estate, blockchain, crypto, and NFTs.
- Entertainment – Network and socialize with community members through the Web3 platform and the metaverse.
See, REIC wants to set the bar for how real estate investments are made on the blockchain. According to the team, a sizable portion of the real estate sector will eventually be tokenized, with fractional ownership being reflected on the blockchain. In order to make this a reality, REIC intends to offer the required infrastructure.
Furthermore, NFT holders are also entered into the following giveaways;
- REIC merch giveaways
- Consultation and investment advice from industry elites
- Webinar/Seminar access
- Holidays in premium locations
- Luxury items such as watches and cars
- Charitable donations
First real estate downpayment in Ethereum.
Decentraland, one of the most well-known real estate metaverse in the business, must be included on any list of real estate metaverse.
Decentraland, one of the most populous metaverses in the cryptocurrency business, was created in 2017 and now has almost 300,000 active monthly members.
Players can explore the world they have built and own virtual office space in this metaverse. Any web-based browser can be used to directly access the 3D metaverse by users. Although not necessary, a VR headset will make the experience more immersive.
To begin exploring Decentraland, players must first create their own avatars, which serve as their online identities.
Users can buy Land parcels on a huge map called the metaverse. Once a person buys a piece of land, they are free to construct any kind of real estate they like on top of it. The Decentraland Builder SDK, a software development kit that enables developers to create structures within the game, must be used by players to accomplish this.
Players can build anything they can imagine on their land, including things such as;
- Art galleries
- Language schools
- Hang out spots
- Office space
- Gaming rooms
- Event locations (e.g., for concerts and movies).
As Decentraland is one of the oldest metaverses (if not the oldest), the real estate prices in the metaverse are already pretty high. However, if you are lucky, you might find a cheap parcel of land for sale in a desirable location.
3. Somnium Space
Somnuium Space is a VR Metaverse built on Solana and Ethereum blockchains. The project intends to be a social virtual reality world with an entire economy and its own currency.
Players can buy digital land, homes, buildings, and in-game assets in the metaverse. It is a world where its players can build, script, and monetize the world while socializing and exploring each other’s creations.
$CUBE is the native token behind the platform. It is used as an in-game transaction token to purchase any plots of land within the metaverse.
One thing that makes Somnium Space stand out from other metaverses is that it hosts all players inside one big persistent VR universe instead of using sub-servers. This means that users won’t be experiencing loading times when moving around in the real estate metaverse.
Furthermore, the team has developed UnitySDK, a more advanced SDK to upload full-body Avatars and completed scenes on your land parcels. This allows players to easily monetize their real estate metaverse by building VR experiences. In addition, the technology integrated full body tracking, including lip & eye tracking, inside the VR metaverse.
In addition to this, the platform is available on all the major VR headsets, including;
- HTC Vive
The great thing about the Somnium Space metaverse is that you can work in any 3D program that outputs .obj files.
Overall, Somnium Space is creating a social and community-based VR real estate metaverse that has advanced SDK features for developers.
4. Next Earth
Next Earth is the first true land ownership platform in the metaverse. It is a platform that allows users to purchase, develop, and sell virtual land mapped onto the earth.
Next Earth describes itself as a platform-as-a-Service product that provides all the infrastructure necessary for landowners to develop any type of business.
The real estate metaverse is split into separate land tiles, which can be sold, purchased, staked, and developed depending on the user’s needs. Each of these individual land tiles is mapped to a 10×10 m square of land on our original Earth.
The project has three types of Land tiles determined by the tile’s real-world content; water, urban, and non-urban.
In addition, the tiles can have two types of classes: Art or Land. All tiles begin as Land Class tiles, which can be used to build structures on top of them. If a player wishes to, they can turn their Land tile into an Art Class and then commission an image on top of it for advertising purposes. This change is permanent and prevents them from building structures on top of it.
$NXTT is the native currency for Next Earth and will serve as the in-game transaction token.
One of the best things about Next Earth is that they put charity as one of their main objectives. With every Next Earth transaction, there is a 10% donation that is sent to environmental charities. They chose environmental charities as blockchain has a stigma of consuming too much energy and potentially harming the environment.
Finally, Next Earth intends for the entire project to morph into a fully operational DAO so the community members can decide the project’s future direction.
Overall, Next Earth is trying something new in the real estate metaverse space by creating a metaverse based on our very own planet, Earth.
Upland is the largest virtual real estate metaverse that is mapped onto the real world.
The game started developing in September 2018 by Uplandme, a Silicon Valley-based company with support from Block.one. The project is hosted on the EOS blockchain.
The entire project is built on three pillars; Play, Earn, & Connect. The game is a parallel universe that allows users to become digital landowners, develop properties and shops, manufacture cars, and earn tokens while playing.
Because the real estate in the game is mapped onto the real world, starting with San Fransico, you can purchase plots of land from addresses you are already familiar with, such as your childhood home address or school.
Players can access the game through web browsers and on iOS and Android devices.
In the game, players have the following options;
- Collect properties
- Complete collections to earn more UPX
- Compete in challenges
- Participate in treasure hunts
- Participate in live events
$UPX is the in-game transaction token that is used to buy property in the game and generates earnings for holders. So long as a player keeps holding their property, they continue to earn UPX tokens as a reward.
In addition to earning from holding properties, players can also collect fees from visitors visiting their properties in the real estate metaverse.
The aim of the game is to accumulate as much wealth as possible in the form of properties and $UPX tokens. The wealth of each player will be compared on the Leaderboard, so players can see where they rank in the entire metaverse.
Overall, real estate metaverse will continue to dominate the industry over the coming years. All the projects on this list provide an excellent opportunity to start investing in real estate and digital estate.
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Frequently Asked Questions (FAQ)
Ans. You will need your own digital crypto wallet compatible with the platform in order to begin building your portfolio of metaverse properties. After that, you can go to an online metaverse portal and register for an account. To purchase land and other assets, you must link your digital wallet to the site.
Ans. Right now, metaverse real estate looks like a terrific investment. As prices rose by as much as 300% in just four years, it seems like a great way to get rich quick. However, there are risks involved. It’s a relatively new entity and it’s hard to say how successful some platforms may be over the long term