Have you been thinking of investing in real estate? Short of money? Try investing in “virtual land NFTs.” Plots of virtual land serve as the foundation for users to engage in in-world activities in all virtual worlds and are usually built as NFTs, facilitating secondary market trading.
Read further to know about the best of Land NFTs the various Metaverse platforms offer.
What is the Metaverse?
The Metaverse is a virtual world in which members have their own avatars and can socialize with one another. A Metaverse generates a multiplayer online game with an economy that allows users to purchase and sell assets.
One such asset is the land NFTs within such Metaverse platforms.
Virtual Land in the Metaverse:
Land NFTs are turning out to be a fantastic investment for people searching for a steady stream of income. One option is to turn a plot of land into something you can rent out for events, housing, or branded content. Others have created opportunities on their land, such as casinos and games, which provide users with fun and excitement while also providing investors with a decent return on investment.
Listing out the top-selling Metaverse with Land NFT:
The Metaverse is a virtual representation of the real world. Continents, countries, cities, villages, and regions all exist in virtual worlds. Users acquire land plots, develop and sell experiences to other users. These are land NFTs in the Metaverse. There are no predetermined games or storylines in the game – allowing players to determine what and how they want to see the virtual world.
The following are rated as the top 10 Metaverse platforms to invest in land NFTs.
- Axie Infinity: Axie Infinity is a battle game and trading platform. The game allows users to develop and exchange Axies, which are blockchain-based creatures. Axies come in a variety of forms and sizes, and there are more than 500 different body parts to choose from. Axies can have any combo of body parts, making them extremely variable, rare, and unique.
Each type of class’s parts are categorized into four rarity levels: 1. Common, 2. Rare, 3. Super rare, and 4. Legendary.
Land plots in Axie Infinity are called Lunacia. These tokenized plots of land function as residences and bases of operations for its Axies. The plots can be updated in time with the help of various resources and ingredients, which are found throughout the game play.
Lunacia currently has 90601 plots. These land NFTs are freely traded by users.
- Decentraland: Every plot of land in Decentraland is a one-of-a-kind NFT. Through the Decentraland Marketplace, anyone can purchase, sell, or rent land NFT. Each land NFT has its own set of coordinates that match up with a specific location on the map. The value of the NFT is decided by how close it is to a plaza or a road. Cumulative plots of land are called an “estate.” It allows the user to expand upwards by connecting nearby plots of land on the map.
Decentraland has a total of 90,601 Plots which includes
- Private land plots – 43689,
- District land plots – 33886,
- Highways – 9438
- Plazas – 3588.
Each land plot is 16m x 16m in size (formerly 10m x 10m).
- The Sandbox: Users in the Sandbox construct a virtual world using NFTs on the Ethereum blockchain.
In the Sandbox Metaverse, there are a total of 166,464 land plots. A virtual map of the land NFTs can be accessed on The Sandbox’s official website. Game developers can rent land NFTs.
Land NFTs can be consolidated into larger estates or districts. Estates can be divided into smaller land plots.
In the Sandbox universe, one meter equals 32x32x32 voxels.
In the game, there are several distinct types of real estate, each with a different size:
– Small in length (33), 9 landholdings
– Medium: 6 X 6 in size, 36 landholdings
– Large: 12 X 12 in size, 144 landholdings
– X-Large: 24 X 24 in size, 576 landholdings.
The most affordable land on Sandbox now costs around USD 10,000. In the recent quarter, the price of a Land NFT grew substantially. The average farm price climbed from $40 to 960 USD in less than a year.
- Somnium Space: Somnium Space VR is a 3D universe with 5000 plots of land owned by different users. Apart from the “main virtual world,” there are several parallel virtual worlds that users also own.
Somnium offers land NFTs in premium locations for people, corporations, and institutions, ranging from a conference or commercial facilities to art galleries, family houses, and hangout spots.
A total of 5,026 acres of land plots are available on Somnium (781 small, 2487 medium, and 1758 XL sized parcels).
Such NFTs come in the following sizes on both water-front and roadside properties:
Small: a build-up area of 200m2 and a maximum height and depth of 10m.
Medium: 600m2 with a height and depth limit of 25m.
XL: 1500m2 development area with a 50m height and depth limit.
- NFT Worlds: NFT Worlds is a decentralised, multiplayer metaverse where users own and control each world. Each NFT World is a procedurally produced 3D voxel world that is unique. Worlds are made up of two elements – resource information and on-chain data.
Every NFT World has its own set of randomly generated terrain and unusual features to begin with. Each digital world has a size of 16,000,000 × 16,000,000 blocks, providing you practically endless room to expand your metaverse.
- WorldWideWebb: This metaverse is an MMORPG game that uses NFTs for in-game avatars, lands, items, pets, and game quests. The entire metaverse platform is based on the game Ready Player one.
Currently, there are 9490 Genesis Plots available, with all of them going on sale. 421 Land NFTs are assigned to the team, CryptoWeeb, and CryptoGFs holders and minted to their addresses.
There are four types of land in this Metaverse:
- Small Apartment – priced at 0.069ETH, with a supply of 500
- Medium Apartment – priced at 0.12ETH, with a supply of 3000
- Large Apartment – priced at 0.24ETH, with a supply at 1000
- Penthouse – priced at 1ETH, with a supply of 69
- TCG World: TCG Universe is a real-time virtual world where users might earn TCG Coin 2.0, have a quest for NFT collectibles, invest in land NFTs, and launch their own online business.
This metaverse platform contains 100,000 plots spread across four zones and Farm plots where players may earn TCG Coin 2.0.
There are four different types of supplies and sizes of land in this metaverse.
- Silver – 12,469 Lands (16×16)
- Gold – 5626 Lands (32×32)
- Platinum – 468 Lands (64×64)
- Diamond – 187 Lands (128×128)
- Matrix World: Matrix World has joined the list of blockchain apps that are selling land plots to buyers – 5000 on Ethereum and 5000 on the Flow network, currently available for purchase. Matrix Environment is a 3D, open virtual world that gives landowners more power and capability than most online worlds.
Users can also host decentralized programs, games, and marketplaces within the Matrix World environment via the game’s built-in Open World technology.
Matrix Land is Matrix World’s smallest topographical unit, having finite storage resources. A Land is also available as a tradable NFT asset on numerous blockchains. Until now, there have been three waves of Land sale in the Matrix World.
- In the first wave, 2000 plots were sold on the Ethereum blockchain.
- In the second wave, 5000 plots were sold on the flow network
- In the third wave, 3000 plots were sold on the Ethereum blockchain.
- OpenSea: OpenSea is the first and largest marketplace for NFTs. Anyone can buy and sell crypto assets through a smart contract. The most recent sale on the platform was as recent as March 2022. Nearly 5000 on-of-a-kind, generative NFT Land was set out for sale by TokenSmart.
OpenSea is a new platform for Metaverses who want to trade their assets. The OpenSea marketplaces host a variety of NFTs ranging from Art, Collectibles, Domain Names, Music, Sports, Photography, Utility, Land, and Virtual Worlds.
On OpenSea, you may buy and sell land pieces, wearables, and names from projects such as Decentraland, Crypto-voxels, Somnium Space, and The Sandbox.
- Crypto-Verse: The Cryptoverse is built to empower, enrich, and enhance users of all kinds. Cryptoversians will be able to enjoy a plethora of explosive creativity. Ownership, interoperability, and seamlessness are all terms that come to mind when thinking about gaming.
The Cryptoverse Map is divided into two layers, the first of which is the ‘continent layer,’ as seen on the map, the islands make up the archipelago. Each island represents one of the many Zones. To put it another way, each island represents a separate Zone.
Within the Cryptoverse Land NFTs are sold as Parcels and Estates:
- A parcel is an individual plot of Land NFT.
- An Estate is a collection of several such plots of Land NFTs.
Currently, Cryptoverse has announced six different estate offerings, with a limited number.
- 4 EPIC estates – Each estate has 490 parcels of land costing $85,000 per estate.
- 4 GIANT Estates – Each estate has 274 parcels of land costing $47,500 per estate.
- 15 LARGE Estate – Each estate has 179 parcels of land costing $31,000 per estate.
- 50 MEDIUM Estate – Each estate has 107 parcels of land costing $18,500 per estate.
- 460 SMALL Estate – Each estate has 30 parcels of land costing $5200 per estate.
- 9378 SINGLE parcel of land costing $180 per land.
The hype around Land NFT:
With Metaverse evolving by the day, the plots minted are unique due to their inherent scarcity. A plot of LAND, for example, was sold for about $2000 in January 2021. That same plot sold for $175,000 just two months later.
Lands adjacent to main streets and plazas are the most valuable in every virtual world, but plots further out will become much more expensive in the future. Some of the less attractive and less frequented portions of their reality will become more valued as these virtual environments expand.
Land Sales Records:
NFT Land sales have been on the rise, and the following information offers a birds-eye view of how sales of the digital estate have been moving in the last few months. Sandbox has generated a volume of $70.5 million for 4,433 assets, making it the most profitable metaverse collection.
Despite the fact that Decentraland came in second in terms of total asset volume moved ($6.6 million for 399 assets), the top ten most expensive Metaverse NFT sales in the previous week were all on the Ethereum-based virtual world.
Axie Infinity Land: There are a total of 40 Axie Land NFTs. At least one Axie Land NTF is now in the wallets of three owners.
Decentraland: There are 68 Decentraland Lands NFTs in all. At least one Decentraland Lands NFT is now in the wallets of 11 owners.
Sandbox: There are 102 Sandbox Lands Metaverse NFTs in all. At least one Sandbox Land NFT is currently in the wallets of ten owners.
Somnium Space: There are 5,768 Somnium Space VR NFTs in total. At least one Somnium Space VR NTF is now in the wallets of 4,629 owners.
NFT Worlds: There are 10,000 NFT Worlds NFTs in total. At least one NFT World’s NFT is now in the wallets of 792 owners.
WorldwideWebb: There are now a total of 9,508 Webb Land NFTs in the world. At least one Worldwide Webb Land NTF is currently in the wallets of 4,760 owners.
TCG World: There are 10,000 TCG NFTs in total. At least one TCG NFT is now in the wallets of 2,898 owners.
Matrix World: There are 1,834 MatrixWorld NFTs in total. Currently, 1,046 owners have at least one MatrixWorld NFT in their wallets.
Cryptoverse: There are a total of 20 Cryptoverse NFTs. At least one Cryptoverse NFT is now in the wallets of four owners.
Conclusion:
With so much finance being involved in the Metaverse, it is definitely tempting to invest and look out for good returns. With every good thing, there are certain drawbacks as well. The drawbacks are that users can be taken advantage of through washtrading, and are unable to assess the fair value of any asset that is being sold on the metaverse. To solve such issues, use Scour offered by bitsCrunch to stay clear of any suspicious activity.
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