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With Metaverse land prices inflating by the day, most people wonder how to buy land in the metaverse.
Stay tuned for the pinpoint guide to do that.
Just that metaverse happens on computer servers, as the social media.
Brands have started taking this seriously.
And there is a lot on the plate with the top metaverse companies and metaverse crypto coins.
But then, every investment is.
Its the same as it was with Bitcoin ten years ago.
People were laughing at computer coins, ridiculing them as investment opportunities.
Now with Bitcoin value soaring through the skies, its not wrong to say that jokes on them.
Metaverse land parcels can be repeating that history.
At least the past few years are a testament to that.
And the second one carved in over 16% returns in a matter of three days.
But it can be an exception.
So have a look at another:
Dont get me wrong.
The purpose is not to push you into a frenzied buying spree of land parcels in the metaverse.
And it would help to know that metaverse investments work on the same supply and demand principles.
Alternatively, it can also help you make good fortunes in short timeframes.
How Metaverse Investments Work
Technically, metaverse land parcels are non-fungible tokens.
you could check out the history associated with each right from the start.
Since the price is in Ethereum (2.99 ETH), youll have to create a compatible wallet.
One fine choice isMetamaskif youre okay with hot wallets.
Hot Wallets are generally free but are a piece of software residing on your local machine.
They are more susceptible to cyberattacks thanhardware walletswhich connect only while transacting.
Depending on the wallet, there can be an inbuilt exchange like it is with theTrust walletor Coinbase Wallet.
But you will be fine if it’s possible for you to follow the onscreen prompts.
Based on the transaction fee and connection conditions, the transaction will complete in due course of time.
Finally, you’re free to validate the transaction and the ownership on the respective blockchain.
Now that you know the general process lets move on to some platforms to purchase metaverse land.
Opensea
Openseais a one-stop solution to trade assets in multiple metaverses.
Just choose the virtual world of your choice, choose the parcel, and proceed with the purchase.
Decentraland
Decentralandis a top-rated metaverse project.
Its native cryptocurrency MANA consistently tops the list of metaverse coins.
Decentraland supports signup via Metamask wallet and purchases with MANA.
MANA is available at major crypto exchange platforms, including Coinbase, Binance, Huobi, etc.
So you have to purchase MANA at any of these available platforms and send it to Metamask.
In addition, youll need some ETH to pay for transaction fees.
Finally, you could go for the parcel and click buy or place a bid.
Sandbox permits signing up with a variety of options like Metamask, Coinbase, and Bitski.
The method to buy real estate in The Sandbox is similar to Decentraland.
Afterward, its a few clicks, including tapping the Buy Now and signing the transaction in your wallet.
Somnium Space
Somnium Spaceis a comparatively new metaverse that handles its marketplace via Opensea.
What makes it different is that it is virtual reality compatible while most of its established rivals arent.
you oughta connect it to Metamask and purchase the parcel of your choice with ETH.
CryptoVoxels
CryptoVoxelsis another Ethereum-based metaverse in the list of virtual worlds.
It supports signup with Metamask, Coinbase, Torus Wallet, and Wallet Connect.
This is different as each property is associated with a real-world address.
Another difference is the signup process which doesnt ask for any crypto wallet.
Instead, you get in by creating an account with your email and password.
The Upland registration gifts you 4,550 in UPX, their native currency.
In addition, you get the tag of Visitor with a seven-day visa.
For buying properties in Upland, you need a higher status of an Uplander.
This means possession of 10,000 UPX, which can be purchased within the platform with Paypal or crypto.
Besides, all Uplanders have their assets on the blockchain, guaranteeing immutability.
Hosted on Binance Smart Chain, each ERTHA land parcel is unique with its resources and location.
Purchasing land in this metaverse is a lot similar to what we have discussed so far.
The first step is to snag the specific hexagon and clickADD TO CART.
Subsequently, pick the available options (BNB, USDT, etc.)
to fire up the Metamask to complete the transaction.
On a side note, you’re able to check out these platforms to sell your NFTs.
