Facilitate the acquisition of virtual real estate properties
Metaverse Real Estate works to facilitate the acquisition of virtual properties, following almost the same model as traditional real estate agents, with the difference that the company acts exclusively on the metaverse. Thanks to a series of services designed for virtual real estate, Metaverse Real Estate supports its customers in buying goods on Web3. Services provided by agents who are experts in real estate, blockchain and NFT (non-fungible tokens).
In addition to real estate acquisition, Metaverse Real Estate offers a variety of other metaverse-related services to its clients, including property development, metaverse district development and other related services:
- Buying and selling virtual real estate through the metaverse;
- Development of virtual land;
- Expert level advice for all major metaverses;
- Find a rental in the metaverse to meet all needs;
- Lease administration of existing real estate;
- Marketing and advertising for your business in the metaverse.
When a customer wants to buy a virtual property on the metaverse, they only need to consult the project that suits them, find the offer that best meets their investment criteria and manage the purchase steps. In terms of sales, Metaverse Real Estate takes care of the valuation of the property, but also of the advertising and the sale on the market, and follows you step by step until the final completion of the deal. Finally, Metaverse Real Estate also offers virtual real estate consulting services. Through insightful market analysis, the company is able to help you set and achieve your personal goals and unlock 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 that exist. Not really a surprise, real estate in the metaverse is fascinating in the sense that it is expected to take the place of social networks 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… all seek to position themselves in these virtual spaces, especially by investing in real estate. Although the idea of spending large sums (up to several million euros) to acquire virtual real estate may seem crazy, we must not lose sight of the fact that metaverse is the next revolution. digital. As such, they now attract well-informed investors, first and foremost the consulting firm Price Waterhouse Coopers, one of the latest to join The Sandbox, one of the platforms on which Metaverse real estate works. Although the transaction amount has not been disclosed, several experts in the field believe that it is significant. Another example that proves the rise of virtual real estate: the famous American rapper Snoop Dogg, who has just sold land for Snoopverse, the virtual world he developed in The Sandbox, for the tidy sum of 450,000 dollars.
Decentraland and The Sandbox, platforms of choice for Metaverse Real Estate
Metaverse Immobilier is mainly involved in Decentraland and The Sandbox, two metaverses that together with Somnium and Cryptovoxels monopolize around 270,000 lots with an estimated sales volume of more than 455 million euros in 2021. Having said that, it is the Sandbox platform that sets it apart get out. , with a total market share of almost 60%. A craze that comes at a price, as the prices of this metaverse have multiplied by nearly 300 between 2019 and 2022. Fortunately, the returns follow…
In addition to the expected returns, it is above all the amount of available land that explains the constant increase in real estate prices on the metaverse. If The Sandbox has 160,000 plots available, Decentraland “only” offers 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 may rise to around $830 billion by 2028, a multiplication of more than 16 in just 8 years.
In addition, virtual real estate responds to the same canons of “real” real estate, especially with regard to the correlation that exists between prices and residential areas. 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 lot on The Sandbox is around $11,000, prices jump to over $400,000 for land next to Snoop Dogg’s virtual space!
Take part in the new world that is emerging
This is the whole purpose of Metaverse Real Estate: to help its clients position themselves in the “new” world of metaverses. A world that is strictly speaking not in its infancy, but whose growth potential is still considerable. Remember, at the risk of repeating ourselves, the market is expected to exceed $800 billion by 2028.
Especially since the market benefits from an economic concept known as “scarcity value”, which helps to secure the value of virtual real estate by limiting the available supply. Remember again that Decentraland, one of the biggest estate agents, only has 90,000 15.5m by 15.5m plots. Unsurprisingly, the lack of available land pushes up the value of virtual real estate, as evidenced by many transactions made on the metaverse. For example, a digital real estate investment trust used the tidy sum of $900,000 to buy land on Decentraland in June 2021, one of the most expensive NFT acquisitions in the history of this metaverse. But that doesn’t include the $2.4 million paid for the purchase of 116 lots 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?!), don’t , he remains no less promising, proof of this is the enthusiasm of global brands, but also individuals, for this type of acquisition, often with record amounts.
So why do individuals buy and brand plots on the metaverse? In addition to the financial incentives, buying a virtual property is equivalent to providing a “pied-à-terre” in a fully functional economic space under construction. In addition, it gives you more options… And let’s remember that the same wind of uncertainty and skepticism blew on the potential of the web, then on that of social networks… Today, the experts are of the opinion that metaverse is THE next technological revolution in motion. A revolution that will take the form of an autonomous and functional economy in the medium term that will have the same importance 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. Goal: to help you get the most out of it today!