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Buying and selling virtual land follows the same principles of selling NFTs. Ideally, this shouldn’t be a problem. First, most metaverse platforms can be easily accessed through the desktop platform. This gives prospective buyers an overview of available land as well as important aspects including location, total acreage, average prices, utility potential, and transaction history.
Buying land in the virtual world may seem daunting at first due to the specific terminology and specific processes involved. However, it’s actually a simple process. You can become the proud owner of a digital land metaverse in just a few steps.
You can buy Virtual Metaverse in one of two ways:
In the NFT market;
Directly on a specific metaverse platform.
You can either purchase land from an NFT marketplace like OpenSea and search for metaversion-specific NFT land. Alternatively you can head directly to a metaversion-specific platform like the Decentraland Marketplace and buy land directly from NFT.
Once you’ve chosen the metaverse platform you’re interested in buying land on, you should check out secondary NFT marketplaces like OpenSea or Binance NFT as well as their marketplaces to find the best deal.
Before proceeding with the purchase of land, make sure that you have taken the following steps:
The first step would be to decide which metaverse platform you want to buy land on. It depends on various factors — price, land size, and seller. If you don’t have a specific platform in mind, it’s a good idea to do some preliminary research. This will help decide on your goal.
Just as in some areas of the world, such as London, New York or Tokyo, property prices are the most expensive. Growing areas can offer more lucrative deals; however, they come with higher risk.
For example, Roblox has seen virtual concerts on the platform by world-renowned artists such as Tai Verdes, Zara Larsson or Lil Nas X. Decentraland has held virtual fashion shows with brands such as Adidas or D&G and even hosted a 4-day festival with Deadmau5 and Paris Hilton – all this increasing demand and prices.
However, since the cheapest land on these two platforms can cost more than $15,000, you should also look at other opportunities. Other growing platform metaverses include Voxels (formerly Cryptovoxels), Axie Infinity (AXS), Aavegotchi, and Bit. Country or Somnium.
Most metaverse platforms and NFT marketplaces require you to purchase metaverse cryptocurrency in advance. This means that you must first register with a digital wallet. The type of wallet depends on which metaverse platform you want to buy land on. For example, Decentraland can connect to Metamask, Fortmatic, WalletConnect, Metamask, Fortmatic or Coinbase Wallets.
For ease of use, we recommend integrating a digital wallet that can be added to your browser, as you can automatically login and link two separate accounts – wallet and platform accounts.
No matter which wallet you choose, you need to buy a cryptocurrency supported by your chosen metaverse platform. For example, Sandbox and Decentraland have their own digital currencies: SAND and MANA, and since they are on the Ethereum blockchain, you will also need some ETH. cover gas charges.
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