How to Buy Land in the Metaverse? - Utechia
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How to Buy Land in the Metaverse?

By Utechia - Aug 02 ,2022

Nowadays, there is a word that suddenly enters our lives and is the subject of our conversations: metaverse.

Metaverse, which offers us a universe where we can live our digital lives as well as real lives, will create a parallel universe where we can do everything  in real life from where we sit without leaving our homes. We will be able to do everything we do in real life, such as learning, socializing, working, in this universe. Of course, investing and making money are also included in these actions.

In the metaverse universe where people go on simultaneously with their physical activity, one of the best ways to invest is of course to invest in property. So, do you know how to buy land from this universe that you have never heard of or thought about even 10-15 years ago?

In this article, I will try to explain how to own land in Metaverse step by step.

There are two popular currencies. Firstly, SAND is a currency linked to gamified metaverse platform The Sandbox and the other one is MANA that is a currency linked to community-based Decentraland platform. These two platforms have a well-established infrastructure and are the two favorite platforms for land and property ownership. Therefore, the first goal is to have them.

Apart from the two most well-known platforms Sandbox and Decentraland, there are two other important platforms: Cryptovoxels and Somnium Space. There are more than two hundred and fifty thousand parcels of virtual real estate in total on these four platforms.

Land purchases can be made directly from these platforms or, as in real life, from real estate agents, two of the most well known are Opensea.io and nonfungible.com, allowing sellers to list their properties, their prices and negotiate. On the other hand, the sale or ownership of the lands is made  directly from the platforms by NFT transfer. Therefore, the second step that can be done is to have a wallet. Metamask and Binance are the two most popular wallets.

You can add the chrome extension of these wallets to your browser and connect your wallet to the platforms. After you create a wallet and connect it to these platforms, you need to have the appropriate currency in your crypto wallet in order to buy virtual real estate or bid on the platforms.

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Nowadays, there is a word that suddenly enters our lives and is the subject of our conversations: metaverse. Metaverse, which offers us a universe where we can live our digital lives as well as real lives, will create a parallel universe where we can do everything  in real life from where we sit without leaving […]

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