{"id":19190,"date":"2022-03-25T12:58:25","date_gmt":"2022-03-25T12:58:25","guid":{"rendered":"https:\/\/www.openbusinesscouncil.org\/?p=19190"},"modified":"2022-05-04T21:37:18","modified_gmt":"2022-05-04T21:37:18","slug":"digitalising-real-estate-investment-another-immersive-potentiality-in-the-metaverse","status":"publish","type":"post","link":"https:\/\/www.footballthink.com\/digitalising-real-estate-investment-another-immersive-potentiality-in-the-metaverse\/","title":{"rendered":"Digitalising Real Estate Investment : Another Immersive Potentiality In The Metaverse"},"content":{"rendered":"
Remember how experts used to say that location is the most imperative facet of real estate and how it influences property rates? Well, that\u2019s not the case anymore. Now, people all over the planet are paying REAL money for VIRTUAL real estate! <\/strong>Digitalising real estate investment is another immersive potentiality in the Metaverse.<\/strong><\/p>\n <\/p>\n Digitalising Real Estate Investment<\/span><\/p>\n Yes, you heard it right. Here\u2019s more…<\/span><\/i><\/b><\/p>\n \u2022 A Canadian investment firm bought a plot of digital land and paid $2.43 million in crypto. This is considered one of the most notable purchases in the Metaverse to date.\u00a0<\/i><\/b><\/p>\n \u2022 The digital \u201cMars House\u201d was recently sold for $500,000. The transparent virtual home can be built in real life by glass furniture makers in Italy, said Krista Kim, its author, and creator.<\/i><\/b><\/p>\n \u2022 And who can forget Beeple, the artist who sold an NFT for $69 million in May 2021?<\/i><\/b><\/i><\/b><\/p>\n So what\u2019s the deal here? Why are people suddenly shifting to the Metaverse? What\u2019s in it for the investors?<\/span><\/p>\n Let\u2019s find out.<\/span><\/p>\n Despite the high prices, people are inclined towards transitioning to Metaverse real estate.\u00a0<\/span><\/p>\n Here\u2019s why…<\/span><\/p>\n Since its inception, the technology has allowed humans to take ownership of virtual assets as transactions have become significantly secure. The technology has since been incorporated into the world of gaming and art to facilitate ownership of in-game assets and more. Here\u2019s what real estate owners can do with blockchain and the Metaverse in the coming years:-<\/span><\/p>\n \u2022 Develop land, construct malls, shopping complexes, houses, shops, and more.<\/span><\/p>\n \u2022 Run businesses or lease the land to others.<\/span><\/p>\n \u2022 Host parties and social gatherings.<\/span><\/p>\n \u2022 Re-sell the land for a profit.<\/span><\/p>\n \u2022 Use the property as collateral to raise a loan from banks.<\/span><\/p>\n \u2022 Create adventure parks.<\/span><\/p>\n \u2022 And possibly everything that can be done in real life.<\/span><\/p>\n Blockchain, a powerful, new world technology, is currently being leveraged by several industries ranging from finance, security, and healthcare. The next stop is travel and tourism. This is where LynKey comes into play. The blockchain-centred platform provides a decentralised approach to real estate and travel, rendering transaction history unalterable and transparent.\u00a0<\/span><\/p>\n The Canadian investment stats mentioned above is the ideal case in point. Clearly, commercial real estate in the Metaverse is going to play a crucial role in the global real estate industry. But does it really have a future? How are the current and future markets of Metaverse looking?<\/span><\/p>\nMetaverse & Blockchain – The Two Digital Pillars of the Real Estate Industry<\/h2>\n
The Metaverse & Blockchain Adoption<\/b><\/h2>\n
Metaverse – The Current & Future Scenario<\/b><\/h2>\n