Digital-Real-Estate-Company-That-Offers-A-Suite-Of-Virtual-Real-Estate

Another popular virtual world is Sandbox, where Janine Yorios' virtual real estate development
company Republic Realm spent a record $4.3 million on a virtual piece of land. Republic developed
the first NFT digital real estate fund called Republic Realm, which exclusively invests in real
estate located in virtual worlds.

The Republic Realm invests in "lots" of land in popular metaverses and values the lots based on
their size, location, and past sales. While most real estate in the metaverse looks like some kind
of fantasy world, some virtual real estate platforms sell virtual versions of real estate. No
special hardware is required to access the metaverse, but investing in digital real estate means
exchanging your money for the cryptocurrency of the platform where you are interested in buying
virtual real estate.

The following four graphs show the average daily real estate sale prices compared to the average of
four metaverse platforms offering discrete virtual real estate land sales. We already know that The
Sandbox has all the most expensive virtual property purchases on its platform, so it's not
surprising that it has many instances of daily sale prices that are well above the metaverse real
estate average on the same date. Metaverse Group's sales are more than double the previous record
for the sale of land or property in the virtual reality world.

The Metaverse Group purchased 116 lots in the heart of Decentrallands Fashion Street for a record
$2.4 million. On November 25, media reports surfaced that non-fungible token (NFT)based real estate
company Metaverse Group had acquired a piece of Decentraland land for $2.43 million to help with
plans to enter the digital fashion industry. In addition to being virtual owners and developers,
Metaverse Property also claims that Metaverse Property is creating what it calls the first
"Metaverse Real Estate Investment Trust (REIT)" to be traded through a Non-FungibIe Token (NFT), a
land-backed portfolio of virtual companies.

Decentraland is one of several virtual reality platforms that the Metaverse Group offers listings
that include retail space, homes, hangouts, and art galleries to showcase NFT digital artwork. The
Decentraland online world is an online environment, also referred to as a "metaverse", where users
can buy land, visit buildings, walk around, and meet people as avatars.

Lots and virtual estates are represented by coordinates on the Metaverse platform, where users can
socialize using their avatars and decorate their spaces with collectibles. Virtual lots and
properties can be open spaces for creators to build, or structures that reflect real properties and
completely original works. In addition to virtual clothing and accessories that you can purchase
with Decentral's own MANA crypto, you can also secure virtual parcels and real estate.

Investors can buy a piece of land in the metaverse and build whatever they want, whether it's a
concert venue for music events or a co-working space for business meetings. Platforms like
SuperWorld mimic the real world (paywall) and offer investors the opportunity to buy land as an
important landmark or their childhood home.

With so many real estate agents vying for real world commissions, it's probably only a matter of
time before the first agency that allows buyers to navigate digital real estate in the new
metaverses is created. Some companies have already built virtual offices in Decentraland where employees can
interact and others will follow, said Noah Swain, a real estate agent who now leads NFT Property
Group, a virtual real estate broker.

At Cryptovoxels, the developer plans to build an NYSE-style shopping mall and home to crypto
companies like Defi Protocols on their central location in Frankfurt, a location they bought
because it allows for larger virtual buildings to be placed in their central location. place.
property located in Frankfurt. ONE Sothebys has just announced that it will build a virtual replica
of the real property at The Sandbox with a change of ownership. A series of digital 3D plans so
they can charge their own home in the metaverse.

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The high price, popularity and ease of buying and selling of virtual land (relative to traditional
real estate) means that Metaverse will be more than a buzzword. Similar to the domain name race in
the early days of the internet, as more people jump into the virtual world, savvy investors and
buyers will look very smart to buy property in the best locations. If the Metaverse is designed to
encompass everything in virtual existence, from digital art to virtual worlds, then the 23 packs in
the Sandbox can be considered just one type of Metaverse, commonly referred to as NFTs.

Eight months ago, Chris Adamo and a group of employees calling themselves the MetaCollective DAO
used a virtual real estate agent to purchase 23 parcels in The Sandbox, a blockchain-based user-
created virtual world The Sandbox, a user-created blockchain. Based on a virtual world, prices
start from 1ETH ( $3,000). Metaverse Property is a full-service real estate agency, a joint venture
between GDA Group and Wolfest Woods, specializing in the management, development, consulting,
marketing, analysis, and buying, selling and renting of virtual real estate.

Since there is not
as much past sales data here as there is for The Sandbox and Decentraland, buyers can reasonably
assume that average or slightly below average prices based on general real estate prices in the
metaverse will give them a reasonable value.

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