![]() In addition, last year, Boson Protocol, a decentralized commerce platform, purchased a plot of land in Decentraland for $704,000 to build a virtual mall.Ī leader in digital real estate development is Everyrealm, previously known as Republic Realm. It’s set to be the host of the first metaverse fashion week, and it features stores like Samsung, and Sotheby’s, which built a duplicate of its London Galleries on the platform. Decentraland, an Ethereum based virtual reality blockchain platform, is a 3D world where participants use tokens to purchase land, goods, and services. So far, tech companies are taking the lead. ![]() So, if the metaverse is the next shift in consumer behavior, there’s a need to get on board. The surviving landlords are the ones that made upgrades and changes to their tenant mix to maintain popularity and relevance. E-commerce has already hit the retail real estate industry. The idea of a virtual world becoming a popular place for people to interact poses a threat to physical experiences. Your real estate will then be yours in the game.Editor The digital commercial real estate industry is forming, and the physical one is missing out You can then navigate to the metaverse’s website and connect your wallet. Once the transaction has been confirmed, you will own the real estate and it will be connected to your wallet. Find 1 you like and either buy it or place a bid. On the project’s page, you will find a variety of different plots of land available for sale. As of right now, the 2 most popular are The Sandbox and Decentraland. Once you have a wallet with ETH and have connected it to OpenSea, find a metaverse project you like and search it on OpenSea. This allows OpenSea to facilitate transactions as they have access to your wallet. On the website, you can connect your wallet. OpenSea is a platform that supports the buying and selling of NFTs. We will have more on picking out a wallet later on. Once you have verified that the address is correct, send as much as you would like to the wallet. It is best to send a small amount first to verify that you have the correct address. Ethereum addresses should start with 0x.įind the “Send” feature under your ETH position on the trading platform and enter in the wallet address. This can be found in your wallet and is typically a long string of letters and numbers. To do this, find the Ethereum wallet address. Next, you will have to send your ETH to a wallet. Execute the trade, and your ETH balance can be found in your portfolio. On your funded account, search for ETH and enter in the amount you would like to purchase. You will also need to send ETH to a wallet, as NFTs are available through decentralized finance (DeFi) marketplaces that require wallets. You specifically need ETH because most metaverse projects operate on the Ethereum network, so it gives you the most options. Once you have a funded account, the next step is to purchase Ethereum (ETH). Buy Ether and send it to an Ethereum wallet.Gemini is one of the few exchanges that supports SAND tokens. If you want to purchase The Sandbox, Gemini is your best option. After you have a verified account, you can connect your bank to fund the account. It is very easy to open and account and users can typically begin trading within 24 hours. However, a few platforms in particular stand out due to their ease of use, security and low fees.Ĭoinbase, eToro and Gemini are all great options for those looking to purchase ETH. You will need a platform that supports ETH, which most do. The first step to purchasing real estate in a metaverse is to open an account on a crypto trading platform. Open an account with a cryptocurrency exchange.
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