Facilitate the acquisition of virtual real estate
Metaverse Real Estate works to facilitate the acquisition of virtual properties, following almost the same model as traditional real estate agencies, except that the company trades exclusively on the metaverse. Thanks to a range of services designed for virtual real estate, Metaverse Real Estate supports its clients in purchasing goods on the web3. Services provided by agents who are experts in real estate, blockchain and NFT (non-fungible tokens).
In addition to real estate acquisitions, Metaverse Real Estate provides a host of other metaverse-related services to its clients, including real estate development, metaverse district development, and other related services:
- Buying and selling virtual real estate via metaverse;
- Development of virtual land;
- Expert level consulting for all major metaverses;
- Find a rental property in the metaverse to meet all needs;
- Rental management of existing real estate;
- Marketing and advertising your business in the metaverse.
When a client wants to buy a virtual real estate on the metaverse, all he has to do is consult the project that suits him, find the offer that best meets his investment criteria and manage the purchase steps. In the field of sales, Metaverse Real Estate takes care of the valuation of the real estate, but also of advertising and sales on the market, and guides you step by step until the completion of the transaction. Finally, Metaverse Real Estate also offers virtual real estate consulting services. Through insightful market analysis, the company can help you set and achieve your personal goals, unlocking the full potential of your property.
Metaverse real estate, a booming market
Adidas, Gucci, Carrefour, Axa… today the world’s biggest brands are present on the various metaverses out there. Not much of a surprise, real estate in the metaverse is fascinating in that it is expected to take the place of social networking in the not-so-distant future as we imagined after the announcement of Facebook’s name change to Meta by Mark Zuckerberg.
Companies, personalities, celebrities… everyone wants to position themselves in these virtual spaces, especially by investing in real estate. While the idea of spending large sums of money (up to several million euros) to acquire virtual real estate may seem insane, we should not lose sight of the fact that metavers are the next revolution. As such, they are now attracting knowledgeable investors, especially consultancy Price Waterhouse Coopers, one of the last to join The Sandbox, one of the platforms Metaverse Real Estate works on. While the amount of the transaction has not been disclosed, several experts in the field believe it is a significant amount. Another example demonstrating the rise of virtual real estate: the famous American rapper Snoop Dogg, who just sold land to Snoopverse, the virtual world he developed in The Sandbox, for the handsome sum of $450,000.
Decentraland and The Sandbox, platforms par excellence for Metaverse Real Estate
Metaverse Immobilier is mainly involved in Decentraland and The Sandbox, two metaverses that together with Somnium and Cryptovoxels monopolize some 270,000 lots, with an estimated sales volume of more than 455 million euros in 2021. That said, it is The Sandbox platform that stands out , totaling nearly 60% market share. A craze that has a price, as prices on this metaverse have multiplied by nearly 300 between 2019 and 2022. Fortunately, the proceeds follow…
In addition to the expected returns, it is mainly the amount of available land that explains the constant rise in real estate prices on the metaverse. If The Sandbox has 160,000 lots available, Decentraland offers “only” 90,000. There is also another important factor that justifies the current prices: the growth of the metaverse market! Estimated at nearly $50 billion in 2020, it could rise to about $830 billion by 2028, multiplying by more than 16 in the span of just 8 years.
Moreover, virtual real estate responds to the same canons of “real estate” real estate, especially in terms of the correlation that exists between prices and areas of residence. As in ‘real’ life, these have a direct impact on prices. The price is also influenced by the “quality” of the neighbors. For example, while the average price for a plot on The Sandbox is about $11,000, prices rise to over $400,000 for land next to Snoop Dogg’s virtual space!
Participate in the new world emerging
This is the whole purpose of Metaverse Real Estate: to help its clients position themselves in the “nascent” world of metaverses. A world that, strictly speaking, is not in its infancy, but whose growth potential remains significant. At the risk of repeating ourselves, remember that the market is expected to cross $800 billion by 2028.
Especially since the market benefits from an economic concept known as “scarcity value”, which helps to safeguard the value of virtual real estate by limiting the available supply. Recall that Decentraland, one of the major real estate metaverses, has only 90,000 15.5 by 15.5 million lots. Unsurprisingly, the scarcity of available lots is pushing the value of virtual real estate upwards, as evidenced by many transactions on the metaverses. For example, in June 2021, a digital real estate mutual fund spent the handsome $900,000 to buy land on Decentraland, one of the most expensive NFT purchases in the history of this metaverse. Not to mention the $2.4 million paid for the purchase of 116 plots of land on the same metaverse.
Towards a fully functional economy on the metaverse
Why buy virtual real estate on the metaverse? The question deserves to be asked… If the concept seems absurd (after all, why buy a virtual property when you can pay the same amount to enjoy a physical property?!), it remains no less promising, proof of this is the enthusiasm from global brands, but also from individuals, for this type of acquisition, often at record prices.
So why are individuals and brands suddenly buying on the metaverses? Financial incentives aside, buying a virtual property is tantamount to providing a “pied-à-terre” in a fully functional economic space in the making. Moreover, it offers you multiple possibilities… And let’s not forget that the same wind of uncertainty and skepticism blew the potential of the web, then that of social networks… Today the experts believe that the metaverse is THE next technological revolution underway. A revolution that in the medium term will take the form of an autonomous and functional economy, which will become as important in our daily lives as social networks.
And it is precisely for these reasons that Metaverse Real Estate has quickly positioned itself in this market with enormous potential. Objective: to help you get the most out of it today!