REAL ESTATE NEWS (Los Angeles, CA) — Who would spend millions on make-believe land in a blockchain video game? It’s happening now! The profitability of that purchase depends on how popular the game will continue to be, and whether or not that virtual land can be resold. For many people who love games and technology, and who have $60 or maybe just $6 to buy some real estate, virtual is the way to go. The virtual real estate market is exciting, new and booming. It’s time has come, according to Forbes. Millions are seeking valuable insights on how to invest in this shiny, new realm.
One game, called Axie Infinity is one of the most popular, where fun-minded investors have plunked down millions. Other websites and services for different real estate meta verses include SPACE metaverse, your world in 3D, where virtual ālandā is used to create a map and coordinates for 3D experiences. Sandbox, a favorite of Snoop Dogg, is a game with user-generated blockchain cryptocurrency. Superworld is a metaverse app where you can make the world yours, buy and sell virtual real estate. Bullieverse is a metaverse game with its own non-fungible tokens for use in their virtual gamer world. Realm metaverse combines art and music with NFT investments in a fun virtual world. Decentraland is a leader in the industry, with a very vibrant marketplace and its own MANA cryptocurrency.
There are several websites that offer varies brands of virtual real estate. Some of them provide fun online meeting places, like Zoom but using cute little avatar characters to represent the human users. As facebook creator Mark Zuckerberg recently announced, we will be using a 3D internet with its own real estate market, and cryptocurrencies will be the money of choice. In fact, virtual real estate is growing more and more linked to blockchain cryptocurrencies, and they are transforming into one and the same.
In 2021, about $500 million of virtual real estate was transacted. This will likely grow to many billions of dollars worth per year. Like wider internet and blockchain technologies, virtual real estate grows in use cases, creativity and new functionality every day. Besides buying and selling virtual real estate, money can be made in endless creative ways, including: Hosting events and charging a rental fee; Allowing banners/ads and ad revenue; Hosting games and receiving a commission from game revenues; Giving early buyers access to asset sales and new releases on the metaverse, creating a major profits in their NFT investment portfolios.
Location, location, location! A well-located land can fetch more revenues. For instance, a land that can host a golf match is more valuable when it is part of a platform known for such things. Landowners can buy assets like golf courses, and host e-games.
Some of this still is a bit technical and confusing for many investors. For people who want to keep it simple, yet take advantage of the digital age, the quickest and easiest way to own some modern digital assets are to download the Cash App on an iPhone or Android smart phone. Buy $20 worth of Bitcoin, and hold it for a few years. That can be done in just a few minutes. For those who enjoy a fun game that makes money, these virtual real estate games offer plenty. They often involved little collectible NFT characters, such as with Axie Infinity and Cryptokitties.
Several large companies, like Adidas, Samsung, and even JP Morgan have begun to embrace the virtual estate world. New revenue and utility models emerge daily for virtual worlds, from which we can expect to see above-average industry growth and development for the next 5-10 years.
In these games and other virtual real estate platforms, the players are investors who buy land, harvest resources, create items, even battles and spells some blockchain games like Bullieverse. Entrepreneurial gamers can sell resources, rent out virtual real estate or use virtual chattel to earn money. These digital assets often appreciate in monetary value far beyond what the investor paid. That’s what happened when the record-breaking $2.3 million Axie land deal was made in 2021. Best of all, while these investments can make millions, they don’t cost millions to get started, to learn and to earn.
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Copyright Ā© This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.