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How you can buy virtual land on metaverse?

metaverse : A virtual reality marketplace operated by the Ethereum blockchain, completed 129,283 land sales for a total of $92,207,386.52, at an average price of 713 USD, as on November 18, 2021. If you wish to buy a plot on marketplace, visit the market place, login with metmask and find the plots that are on sale. Yes this is true, after cryotocurrency it’s time for virtual property and people are already investing in it.

Virtual Land is part of Metaverse world

A Metaverse that exists between physical and virtual reality and in which real-world geolocations on a partitioned map correspond to user-generated digital virtual environments. These environments can be owned, purchased, and sold, as well as deeply customised in the near future. So this is just a starting, we dont know how this world will unfold in near future.

Platforms to buy virtual land

To buy property in the virtual world, you need to sign up with a metaverse platform, like Decentraland, The Sandbox, Axie Infinity, among others. All you need to transact in the metaverse is a well-funded digital wallet. You can convert your dollars to cryptocurrencies like ether or native currencies of the metaverse you are dealing in like MANA or Sandbox and store them in your digital wallet.

You can purchase virtual land from following platforms:-

  • Decentraland: Cheapest parcel is available for more than 10k USD.
  • Axie Infinity: Cheapest land in Axie Infinity currently costs 13000 USD
  • Sandbox: Cheapest land costs 2980 SAND

How to buy land in Decentraland?

Watch this video to understand how you can make purchase on Decentraland.

Once you complete the transaction, the piece of digital land purchased by you is stored in the form of NFTs in your linked digital wallet. You can view your acquired land under the ‘NFTs’ tab in your digital wallet.

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  • Pallav Jain is co-founder of Ground Report and an independent journalist and visual storyteller based in Madhya Pradesh. He did his PG Diploma in Radio and TV journalism from IIMC 2015-16.