Analysts continue to view real estate as a safe and lucrative investment based on its history of higher returns, especially compared to traditional stocks.
In many ways, stability can be compared to the scarcity principle that determines demand. But ultimately, there are only a limited number of plots of land available in the world today, unless explorers go beyond Earth’s borders. Another benefit of real estate is passive income since many real estate investors earn money through rent payments which provide a steady stream of income in addition to increasing the value of the property. Of course, leveraging a real estate asset makes investing more accessible, allowing users to expand their holdings even without having enough cash.
However, real estate is not the perfect investment for all investors despite these many advantages. Unlike other assets that can be purchased incrementally, real estate requires the owner to save a substantial amount of money before making a down payment. Concerns about down payments come after the level of risk involved in owning a real estate investment, as it cannot be liquidated easily to meet an immediate need for cash. Therefore, despite the advantages of investing in this asset class, the barriers are still relatively high compared to other traditional avenues.
To bridge this accessibility gap, land in the metaverse, also known as NFT land, is a rapidly growing industry in which many players are capitalizing on similar opportunities to create, passively earn, and grow their wealth without them. inconveniences or restrictions imposed in the real world. Some of these examples include the seemingly limitless possibilities of testing an investor’s creativity through the custom creation of a storefront, home, business, or even an entire community to suit their tastes. Of course, all of this can be done with the security that comes with blockchain support, which verifies the authenticity and ownership of every original plot.
A case can also be made for investors looking to increase their wealth through marketing. As metaverse platforms continue to grow and more and more people start visiting these worlds, digital landowners make income by renting land, selling it, building virtual properties or businesses, renting or exchanging them for other NFTs.
Therefore, as the lines between digital and physical realities become increasingly blurred, NFT land continues to position itself as the equally lucrative sibling of traditional real estate.
Virtual Field Zoom
To give a definition to this concept, consider that digital reality exists in a virtual space, the one that tech investors, crypto enthusiasts, and the general population define as the metaverse. On most platforms, users will find a realistic experience, relying on a three-dimensional setting and therefore providing users with an immersive element that mirrors the real world in many ways.
These projects are often divided into smaller areas and sold as “land” or “plot” offerings like the physical world. Each plot is often purchased with the asset’s native cryptocurrency, although some projects may accept fiat.
For some, however, the question remains largely unanswered: why buy something in the digital world rather than the physical world? As movies like Ready, Player, One prove, the virtual world is just a place where people can meet their social needs, which is why more and more people are joining these platforms. From a different perspective, many look to residents of poor countries who may never be able to enjoy the same real life style as a multi-millionaire. For some, virtual reality (VR) has been seen as the bridge to overcoming these inequalities – the great equalizer, if you will.
A third factor taps into trends in how and where people spend their time. As more and more people engage online, it makes sense that the assets they want to show off to their peers or their “flexes” might exist in the digital realm. For these reasons, it may not be as far-fetched as skeptics once believed to ease the transition from physical to digital space.
Last but not least, exploring the myriad of digital applications for businesses to make a profit is still in its infancy. Following the COVID-19 pandemic, several hosted events and conferences have already been moved to a virtual environment, allowing team members from around the world to participate. With cost savings on airfare and greater collaboration, it makes sense that many aspects of virtual workplaces will continue even as the world opens up to in-person commerce again.
Access to a digital community
Contrary to what some might believe, the process of buying and selling metaverse land is quite simple, and one of the most important decisions is choosing a platform to participate in.
A notable project that stands out from the rest is KEY token, a real estate-based cryptocurrency ecosystem running on Ethereum (ETH). KEYS has already launched its groundbreaking Meta Mansions NFT collection and has future plans for additional releases and a rental app, according to its product roadmap.
The plots are available as part of the Meta Mansions collection, a luxurious residential community divided into 8,888 NFT virtual mansions within the proprietary metaverse KEYS. Unlike other digital landscapes, the KEYS Metaverse is powered by Unreal Engine 5 and is created through a $100 million partnership with Genius Ventures. The Metaverse allows investors to generate active and passive cryptocurrency income by establishing businesses, designing and selling assets, and providing services, much like an entrepreneur would in the real world.
The benefits of owning KEYS digital real estate also extend beyond the digital realm, allowing investors to gain exclusive benefits on partner products and services and exclusive KEYS events that will be hosted in both the KEYS metaverse and in the physical world.
Therefore, as real life and digital residence become increasingly intertwined, KEYS Metaverse investors have a new opportunity to diversify their investments and participate in building the next iteration of the Internet.
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