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.
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 has a total of 90,601 Plots which includes
Each land plot is 16m x 16m in size (formerly 10m x 10m).
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 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.
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.
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:
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.
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.
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.
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:
Currently, Cryptoverse has announced six different estate offerings, with a limited number.
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.
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.
Frequently Asked Questions
NFTs are Non-Fungible Tokens, and in layman terms, representing digital art or collection, video clips of best moments in the sports and entertainment field, gaming skins and collectibles, stored in a distributed ledger powered by blockchain technology. These are unique items and are not interchangeable with another NFT.
Generally, things are valuable when they are scarce. There is only one Mona Lisa. There are only 59 Le Bron James dunking NBA Top Shots (one of which sold for $US387,000).
The primary difference between the two is that unlike cryptocurrency and digital currency, NFTs cannot be traded for each other as they are unique. representations of real-world assets. Cryptocurrencies and digital currencies can be traded for each other as there will be no loss to their value.
An NFT is a unique digital signature that you can attach to an asset. Whether that’s a song, or an image, or a piece of footage, a unique digital signature is like a fingerprint that contains information like who created the asset, when, and any conditions on its future sale (for example, whether or not the creator gets a percentage of when it is on-sold).
BCUT is the native digital utility token, it provides access to bitsCrunch services and the bitsCrunch network.
BCUT is the native digital utility token, it provides access to bitsCrunch services and the bitsCrunch network. It is designed to play a vital role in the functioning of the bitsCrunch ecosystem and is intended to be solely used as the primary utility token on the network.
We are a Cross-functional team with more than 25+ years of experience in Data Analytics & Artificial Intelligence and Blockchain. We already have all the NFT data since its inception. We blend our AI expertise with the Blockchain to bolster the NFT ecosystem.
We have built a model to identify the impersonation of artworks, thereby preventing the Provenance of the artist and the artwork. We are offering our services in a SaaS manner, wherein the customers can stake a certain amount of our native tokens to avail our services.
We haven't launched our BCUT Token yet, but we will send out a confirmation on the launch of the token on our official website and official Telegram channel.