Is the Rise of Digital Real Estate Worth the Hype? Insights into 3 of the biggest Metaverse Projects

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Think it! It’s the mid 1980s. The Internet, which was supposed to connect everyone around the world and revolutionize the way they communicated, had just begun, and everyone wanted a part of it.

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Fast forward to the mid-2000s, Facebook, Twitter, Flickr and Tumblr had just arrived on the scene, and social media was born.

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Today, the metaverse is the new kid on the block, and it seems like people can’t stop talking about how it’s redefining the digital real estate landscape and how it will change how we interact with the internet and each other. How do we interact with you, forever.

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But wait, “the metaverse,” “digital estate,” what do they mean, and more importantly, what is the hype?

What is digital real estate, and how is it related to the metaverse?

Digital real estate, simply put, is property that exists on the Internet. Traditionally, this used to be in the form of websites, social media accounts or email lists.

However, today, the metaverse in digital real estate includes virtual space and property that you can own, lease or develop, just like the physical world.

Metaverse is a term used to describe virtual worlds where people can interact with each other and with digital content in an immersive experience.

This virtual world can take many forms, but it usually includes some combination of in-world tokens such as 3D avatars, virtual spaces, and other virtual assets.

So, from meeting with employees in a virtual office to selling digital art or fashion in a virtual gallery, to exploring exotic virtual worlds with fantastic avatars and breath-taking creatures, the Metaverse provides businesses with opportunities to do the things they want. does which were once impossible, or at least impractical.

Now that we know what digital real estate is and what the Metaverse is, let’s take a look at some of the specific Metaverse projects that are helping to shape the digital real estate landscape.

Projects that show why digital real estate is worth the hype

There are many different metaverse projects out there, but here are three that show the potential of digital real estate and the metaverse.

star of heroes

Metaverse is a major upcoming project set to make waves in gaming and leverage digital real estate potential star of heroes

The brainchild of a massive collaboration between some of the best minds in blockchain technology and gaming, with a massive supporter base, SIDUS HEROES is set in a virtual universe inhabited by NFT characters from twelve technological races with unique traits and characteristics.

The game is specifically listed New Zoo’s Top 10. as one of gaming projects to see and one of top nft games of coin market cap for 2022.

Conceived as a game where players can travel to all corners of the metaverse and seek out various adventures, Sidus Heroes has also ventured into adding digital real estate value to its gameplay.

SIDUS HEROES is a form of digital real estate in the metaverse apartment game that can be bought, sold or rented to other players. apartments are located in the capital city The in-game universe and private space provide quarters where players can store virtual household items within the game.

With only 6000 apartments of various rarities in the game, such as, Common, Epic and Legendary, they are designed with various features and features that make them worth investing in for players.

These include robots, which provide bonuses for investment activities within the game; Plants, which produce fruits that upgrade in-game heroes and pets; and workpieces, which are used to make new pharmaceutical materials.

Of course, players can use these assets to develop various industries within the game, which can translate into real revenue for whoever is holding them.

Apartments in the SIDUS HEROES metaverse will be out for sale soon, and early investors can start getting their hands on these valuable in-game properties. The digital real estate landscape is heating up and projects like Sidus Heroes are in charge, it is advised that you keep your eyes open, follow its updates open sea, TwitterAnd discord Channel, watch for its upcoming releases, and keep your crypto wallet ready.

The successful precedent set by similar projects with established communities, innovative gaming marketplaces and ecosystems such as Sidus Heroes highlights that players have every reason to invest in digital real estate for its game-play value and investment potential. .

Let’s take a look at two of these similar projects below.

Otherside BAYC

The Otherside BAYC is an offshoot of the successful Board & Yacht Club NFT project. Yug Labs, the BAYC manufacturer, announced the project in March 2022 and was launched on 30 April 2022.

Although the Otherside Metaverse is currently in development, it is already one of the most talked about projects in the Metaverse space.

The world will feature playable characters with up to 10,000 playable characters in a massively multiplayer online role-playing game.

its natural in the world Voice chat takes in-world communication to its next level.

With the awe-inspiring tour that bore apes and mutant apes owners took part in during July, it’s easy to see why 55,000 Plots of Land in Other Deed-Otherside Sale The project’s first round of land sales was sold for over $300 million when it ended; and why the value of other deeds has increased over time, making this massive over $1 billion In sales in the secondary market, becoming fastest nft collection to do this.

iluvium

Illuvium is another upcoming Ethereum-based MMORPG, which is slated to officially release on Mac and PC in 2022.

with 100,000 land Of the plots available in the game, 22,000 were put up for sale to early investors and potential sellers, allowing over $72 million in sales.

Like in real life, owners can use these plots in various ways to make money. These include mining fuel to sell game players, preparing NFT blueprints, renting out space to other players, etc.

These possibilities have made many enthusiasts eagerly await the game’s official launch and possible future land sales.

important achievements

Digital real estate is well worth the hype, and Metaverse projects are a big part of it. While the three projects discussed above rely on the explosive potential of digital real estate, it happens star of heroes The only one launching soon for interested players.

Although it is in its early stages, it is impossible to put a cap on how much it can multiply in value. Like NFTs and real real estate, the primary driver of the value of digital real estate is scarcity. With the limited supply of apartments as well as their increasing demand, the value of digital real estate will only increase over time. For example, while the BAYC project mined at 0.08 ETH, a little over a year later, its lowest price Open Sea 72.6 ETH . Is,

These projects are changing the way we think about virtual worlds and property ownership, and they have the potential to revolutionize the gaming industry. With so much potential, it is no surprise that more value is increasingly being connected and generated by digital real estate.





Credit : www.newsbtc.com

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