Before you can buy or sell land in the MetaVerse you will need a digital wallet. You can’t buy real-world real estate without money, and the same goes for virtual real estate. You can’t just stick your credit card in a slot; you’ll need a digital wallet in order to purchase the crypto currency for the platform you’re interested in.
Your digital wallet will be hosted outside of the game and must be connected to your metaverse account before you can get started on building your virtual real estate empire. Some platforms may specify the wallet you have to use; others may be more flexible. Whatever you do, write down the seed phrase you’ve been assigned when your wallet is opened, because these are difficult (if not impossible) to recover, and losing your wallet means losing your assets forever.
Next, choose your buying platform
You have a couple of options when it comes to buying land in the metaverse. You can choose to buy your property directly on a specific metaverse platform, or you can go through one of many popular third-party platforms that offer buying and selling opportunities.
Purchasing inside the metaverse is nice because you can get a good feel for what it is you’re buying, including seeing who the neighbors are and what sorts of amenities may be nearby. However, if you’ve not committed to a metaverse yet and are trying to shop around for a deal in your price range, it can be pretty tedious to continue platform hopping until you land on one that’s suitable.
In that case, one of the third-party platforms, like OpenSea or NonFungible.com, are great options. You can see virtual land parcels across several platforms (offerings may vary between third-party providers), as well as the asking price in your local real-world currency equivalent. This can be an easier way to understand how much you’re actually spending if you’re new to the metaverse, especially since every cryptocurrency coin or token has its own value, independent of others.
Making an offer and closing
If you’ve bought physical real estate before, you know this next bit can be a real nightmare in the real world. In the virtual world, it’s kind of almost not a thing. When you find a parcel you like and that’s within your budget, you simply click on it and buy it. On some platforms, like Decentraland, you can also make an offer on the property within the platform and the owner either accepts or rejects your offer.
Either way, once you have your parcel selected, your wallet funded, and you’ve settled on a price, clicking the buy button literally wraps up the rest. Blockchain funding takes just a minute, and the transaction is recorded using an anonymous identifier for your wallet, indicating that you now hold the NFT title to the property. Your ownership is complete. It’s all yours, as long as you don’t lose your digital wallet where you’ll store your NFTs.
In the following video you can see a few popular NFT games which have built out a virtual world with a fixed amount of land inside the game which is for sales for players to buy, sell and own. If you are interested in buying in game land in one of these crypto games then we suggest that you learn about the game first and they play the game. If you like the game and the world behind it then it would make since that you want to spend more time playing the game in putting some of your money into owning part of the game world you are playing. For more info on this check out this nice video. Also check us out on Facebook, Twitter, Discord or make a comment in the forum about your own land sales.