Forward: What form does real estate in the Metaverse take?

For newcomers to the Metaverse, digital real estate sounds very contradictory, as real estate is often closely intertwined with the concept of tangible property. However, while blockchain-based real estate in the Metaverse may not be tangible property, it provides the same (or even stronger) ownership of a piece of (digital) land. Ownership of land in games, communities, or other platforms is represented by non-fungible tokens (NFTs).

Because NFTs are non-fungible (i.e., each NFT is unique) and provide secure digital proof of ownership, they act like property deeds in digital real estate. NFTs can be traded and bought and sold based on their market value, which depends on many factors.

If an investor's Metaverse real estate is located in a popular area with high digital foot traffic, it is suitable for advertising. Staking income and other utilities can also boost the value of the land. In addition, the value of the land also depends on the specific Metaverse platform where the investor is located.

Some metaverse platforms can provide users with a high degree of personalization, that is, users can freely build and plan their own spaces, activities and experiences on such platforms, such as Snoopverse on The Sandbox and the experience content created by Netflix on the Decentraland platform.