Metaverse Properties: A Real Opportunity?

August 9, 2022

Metaverse and cryptocurrencies have been the talk of the town since the rise of Bitcoin and even more for mainstream audiences since Mark Zuckerberg’s Meta project announcements. The concept of a virtual world captivates people and opens unlimited possibilities compared to a limited physical world. In this regard, real estate faces an issue, the number of properties you can build is limited to available space. Plus, there are more people on Earth every year.

Estate is supposed to be one of the most stable markets you can invest in, while cryptocurrencies and the metaverse are reputed to be highly volatile. So, what happens if you mix these two markets together?

Is buying a property in the metaverse a real opportunity, or is it like playing at a real money online casino? Let us tell you more about this new type of property and what it means for the future of ownership.

How Do Metaverse Properties work?

The metaverse is represented by two big networks, Decentraland (MANA) and The Sandbox (SAND). These virtual worlds are accessible like video games with VR compatibility, and you could compare them to The Sims, but with real money used for any activity that occurs.

For instance, you can buy real estate in The Sandbox using Ethereum (ETH). Why Ethereum? That’s because the game and its token, SAND, were built using Ethereum. Ethereum is one of the most stable cryptocurrencies and has been a steady source of income for crypto investors around the world, thanks to Smart Contracts.

What Are Smart Contracts?

Ethereum’s Smart Contracts use special accounts not controlled by a user to create contracts that are enforced when the stated transaction is performed to this account by the parties. It can concern an NFT, a physical product, etc. You can compare it to a virtual lawyer acting as a mediator for exchanging goods (in this case, virtual goods).

The Metaverse Is Booming!

The metaverse concept proves particularly popular with more and more people investing in it. However, it’s still a recent market filled with uncertainties. Even if big brands and tech personalities try to sell it in the future, it’s impossible to tell if the property you buy in Decentraland will be worth something.

In a few years, these networks may disappear like social media have (remember, MySpace?), but Facebook’s CEO projects may change things.

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Commercial Agent Talk

Building Site Accidents and Compensation: A Guide for Injured Workers

One mistake, one faulty piece of equipment and an unsafe working setup could cause a construction laborer much more than just aches and pains. One injury can result in medical costs, showing up on working days, reduced income and a path to long recovery. Under certain circumstances, the workers may be entitled to get compensation…
Read More →
Estate Agent Talk

First-Time Buyers: Why 4–5 Houses is the Sweet Spot

House hunting before the stress kicks in: Four to five houses is the sweet spot for first-time buyers Just 20% of us feel excited on a first property viewing, rising to 47% by viewings 4 to 5 There’s a U shape trajectory of excitement when it comes to the viewing process However, there is a…
Read More →
Breaking News

Two in five mortgage holders switched banks for a better mortgage deal

Of those who have a mortgage and switched banks, 41% did so to get a better mortgage rate deal and 30% did it to receive an incentive related to their mortgage Only 15% of people moving home switched their bank account during the move, while far more switched broadband (46%), energy (38%), and mobile phones…
Read More →
Breaking News

Housing market trends highlight a changing landscape

The housing market has seen many challenges across the year to date and, in many ways, the property landscape has been a year of two extremes already.   At the start of the year, there was a quiet but optimistic consumer confidence in the air.   However, with the global economy impacting almost every aspect…
Read More →
Breaking News

Breaking Property News 7/9/26

Daily bite-sized proptech and property news in partnership with Proptech-X.     Privera uses Silex to provide its employees with a shared platform for source-based research Silex, the Swiss AI platform for legal research and productivity, today announced that Privera has selected and deployed Silex to support legal research and knowledge workflows across its nationwide real estate…
Read More →
Breaking News

Mortgage rate rises loom as major lenders reprice

Major lenders have moved to increase mortgage rates to catch up with recent rises to swap rates, according to Moneyfactscompare.co.uk analysis.   Over the coming days, more lenders are expected to review mortgage rates in response to higher swap rates, with HSBC and NatWest so far the biggest banks to increase rates since the start…
Read More →