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The growth of the metaverse industry has given birth to a whole new way of owning real estate - digitally. Each new metaverse comes with an entire map of digital terrain for players to purchase.
Players buy these plots of land and can choose to do whatever they want with them, just like they can do real-world real estate. For example, they can build buildings, set up businesses, rent land, or display advertisements to get another stream of income.
As the popularity of the metaverse increases, so does the value of any digital terrain, especially if it is located in popular locations within the metaverse.
Digital real estate has been a new way of owning real estate for those who cannot afford to pay a high advance to secure a property. However, finding the best digital properties to produce returns can be tricky.
Fortunately, we've done some research and found five of the best cryptocurrency projects in which to buy digital real estate for 2022.
Top 5 cryptocurrency digital real estate projects for 2022
- - The flagship metaverse for real estate entrepreneurs
- Sandbox - A Minecraft-themed digital world
- Country of bits - A place where people can create their own metaverse
- Decentraland - The most popular real estate metaverse in the industry
- blocktopia - A metaverse based on a VR skyscraper
A close look at the best digital real estate crypto projects
1. Real estate investment club
a project focused on creating a community of metaverses focused on training and real estate investments. Its NFT collection was created by one of the designers of the Grand Theft Auto and Red Dead Redemption teams, making it unique in the NFT industry.
Players must first purchase an NFT that acts as an avatar to access REIC - MetaCity, the high definition metaverse behind the project. There, members of the REIC community can come together to network and mingle with real estate investors to learn about potential opportunities.
The metaverse is built using Unreal Engine 5, a widely used game engine that has produced some top tier games like Gears of War and Fortnite. This makes the metaverse look like a highly refined product, with realistic animations and proven gameplay mechanics. Check out the teaser trailer below;
The great thing about REIC is that it focuses on real and digital real estate. One of their main goals is to provide the infrastructure needed to fulfill real estate tokenization on the blockchain. The team believes that real estate will eventually be split into small pieces that will represent shares of a property, making real estate investing easily accessible for small amounts of money.
In addition to fractional ownership, the team also intends to have MetaCity act as a Metaverse-as-a-Service where players can monetize their goods and services to create an entire economy, just like it does in the real world.
At the heart of MetaCity is the MetaHQ, the flagship building of the metaverse. There the team intends to host the following;
- Meetings
- Educational services
- Consultation advice
- Future investment opportunities
- Access to elites and industry professionals
A team of developers and architects designed the building to ensure the venue fits its purpose of being the central hub for real estate education and networking.
Owning one of the REIC NFTs also offers a wide range of utilities beyond access to the metaverse. For example, the team plans to host private real-world events in prestigious venues, the first of which is in Edinburgh.
Additionally, holding a REIC NFT allows access to partner projects, including the Digital Asset Property Group (DAPG), a tokenized real estate investment platform.
Finally, you automatically participate in the following contests;
- REIC merchandising gifts
- Advice and investments from industry elites
- Access to webinars / seminars
- Holidays in prestigious locations
- Luxury items such as watches
- Charitable donations
- First real estate down payment in Ethereum.
NFT minting for REIC is scheduled for September 2022. Be sure to to join their Discord to learn more about the project and when the NFTs will be released.
Overall, Real Estate Investment Club is undoubtedly the first point of contact for those who want to know more about real and digital real estate investment opportunities and training. The metaverse offers the perfect platform for networking with like-minded people and for gaining a deeper understanding of real estate investing from people who have embarked on their journey.
Summary;
- Access a metaverse designed for real estate education.
- Networking with like-minded people.
- Discover potentially profitable real estate opportunities.
- Being at the frontier of fractional ownership for real estate.
2. The sand box
The Sandbox is one of the most popular metaverses of today. It's a creative metaverse built by players using ready-made pre-built templates that the team makes available. As a result, The Sandbox offers a style of play similar to the hugely popular world of Minecraft.
The Sandbox was born to lower the barrier to entry to the metaverse for non-tech-savvy gamers. The underlying idea of the game is for players to purchase digital real estate and create user-generated content to host and earn within the metaverse.
The team made several tools available to simplify the creation of user-generated content.
The first tool to mention is VoxEdit, a platform that allows players to develop NFT objects called ASSETs using a graphical interface. Gamers need no coding experience to create NFTs and can create highly detailed objects simply using VoxEdit's Lego-like block building infrastructure.
Objects created on VoxEdit can include the following;
- Entities of non-playable characters, such as gods and peasants.
- Items and equipment that players can use to complete missions.
- Customizable avatar items, such as clothes and shoes.
- Decorative art pieces such as statues and paintings.
Another tool created by the team is the Game Maker, which allows players to develop their own unique 3D gaming experiences hosted on their digital real estate to earn an income. The types of games already created with the Game Maker include;
- Action and adventure games
- Puzzle games
- Spaces for social gathering
- Theatrical and cinematographic experiences.
In-game digital real estate and all NFT ASSETS can be bought and sold through the marketplace using $ SAND, the platform's native transaction token.
The Sandbox's digital real estate has already become extremely popular: a plot of land sold for $ 4,3 million. Additionally, celebrities have already moved into the metaverse, making the plots of land close to the stars very popular. For example, someone paid $ 400.000 to be Snoop Dogg's neighbor in The Sandbox.
3. Country of bits
Bit Country describes itself as a platform for user-generated metaverses and a smart contract platform for dApps and games.
Bit Country seeks to distinguish itself from traditional metaverses by allowing users to launch their own metaverses. Community leaders can join Bit Country and create a separate metaverse, tailor-made for their community.
The beauty of the project is that you don't need coding skills to create your own metaverse. Instead, they can simply develop digital real estate using the team's voxel construction tools and 3D props.
Each new metaverse comes with lots of land that can be purchased by community members and developed. In addition, the metaverse will have its own market and an in-depth governance system.
The project is relatively new and still in alpha stage, but is backed by some of the industry's largest venture capitalists, including;
- W Ventures
- Hypersphere
- AU21 Capital
- 18 ventures
Brands can also come to Bit Country to launch their metaverses, which they can use as a means of interacting with their customers and showcasing all of their products and services.
Each Bit Country metaverse is built in the Continuum, a terrestrial map with a limited number of lots. In total, 100.000 blocks of land are available, making them highly desirable as they are fixed. Each block of land is divided into 100 land units, where digital real estate is created.
Bit Country visitors are free to visit all available land blocks, as long as they are public metaverses.
The platform is built on the basis of a Substrate parachute on the Polkadot ecosystem. As a result, users can enter the metaverse directly from their browser. The platform's native currency is called Bit Country Gold (BCG), which allows users to bet, buy assets, and receive gas-free transactions and promotions.
4. Decentralization e
Decentraland is arguably the most popular metaverse for digital real estate and is often regarded as the industry pioneer.
Decentraland is a world entirely created by its own users. The project was founded in 2017 and already has over 300.000 monthly active users, making it one of the most populated metaverses in crypto.
The project allows its players to own digital real estate and explore the world created by users. Players start by creating their own avatars which they can customize with different looks. Once created, they are free to explore the various districts and socialize with other Decentraland players.
Digital real estate in the metaverse is called LAND, or NFT of plots that users can own and build on. Land owners need to use the Decentraland Builder SDK to create anything they can imagine. Some digital real estate already developed in Decentraland include;
- Art gallery
- Language schools
- Social gathering places
- Cinemas
- Museums
- Shopping centers
- Digital stores
In addition to building digital real estate, landowners can use the SDK to create their own gaming experiences. As a result, a wide variety of 3D games have been created. For example, players can enjoy a game of MiniGolf on the Golden Cart Island or head to the ICE Poker lounge.
5. Blocktopia
Bloktopia is a metaverse housed inside a digital VR skyscraper with 21 floors representing 21 million BTC in circulation.
Built on the Polygon network, Bloktopia is a metaverse with the following goals;
- Allowing players to learn about the world of cryptocurrencies
- Provide entertainment for all players
- Create user-generated content
- To play
- Earn money
- Socialize with like-minded people.
Bloktopia is best described as a giant shopping mall with shops spread throughout the skyscraper to showcase products and services.
Users can purchase plots of land within the skyscraper to build similar themed businesses across the 21 floors. In addition, digital real estate can be developed to build businesses and provide advertising, so that landowners can get a stream of income.
The first floor of the skyscraper is a commercial space designed to be an educational center for players who want to learn about cryptocurrencies. Additionally, the tower features an auditorium on the sixth floor, where interactive video presentations by various cryptocurrency influencers are regularly held. Finally, there is a game plan where the Blok Plateaus can relax and play multiplayer gambling games.
Players must use $ BLOK to pay for services inside the skyscraper.
Conclusion
The digital real estate sector is just starting to take off. As the popularity of these metaverses increases, the digital real estate market will continue to grow. Eventually, digital real estate will become extremely valuable, with large corporations battling for plots of land in highly populated areas within the most active metaverses.
Brands like Nike, Apple and Tesla will likely enter every metaverse to assert their presence in the digital world, providing users with an outlet to browse products and directly purchase items within the metaverse.
Overall, it's worth diving into all of the metaverses on this list to see if there's a digital real estate property that's right for you. However, our best choice remains the Real Estate Investment Club. REIC offers a perfect mix of education and social activities, creating the ideal space to learn about real and digital real estate investment opportunities.
