NFT Real Estate: Market in Expansion in this 2023

MiTSoftware.com
5 min readDec 2, 2022

The Metaverse: Spaces with infinite possibilities.

The Metaverse is a concept that has gained enormous popularity since the Covid-19 pandemic in 2020 and 2021. Therefore, organizations found it necessary to look for solutions to create a new experience for their users, so that they can form part of the services without the need to leave the comfort of home.

This is how the popularization of digital spaces was born, as a new strategy that is gaining momentum thanks to virtual reality and augmented reality.

In this sense, terminator is nothing more than a set of virtual ecosystems, where users can form a community and actively participate from anywhere in the world, at any time. All you need is internet access, a computer, or a phone.

Popularity solely due to its decentralized feature, but also due to the support of the Metaverse in the technology of Blockchain to implement financial operations. In general, each Metaverse has its own token or native currency to trade in its internal markets.

Completely unique Digital Spaces.

One of the most important features of the Metaverse is the possibility of personalizing digital spaces.

Organizations are able to create and develop ecosystems completely adapted to their needs, as well as with a unique and personalized design.

Some organizations have chosen to copy the physical space within the Metaverse, thus creating a complete experience of their store in the virtual world.

On the other hand, investment artists who have chosen to create a completely personalized experience, implementing thematic virtual spaces in personal brands, since everything is possible within the Metaverse.

Real Estate in the Metaverse, the current trend

As part of one of the markets with the largest number of financial operations, real estate has begun to dictate to this new change, developing a model that is capable of representing real estate assets within the Metaverse.

The popularization of the term Metaverse, the creation and implementation of virtual ecosystems has permitgone to investors to acquire their own land in the Metaverse, be it a house, an island, a piece of land, and even entire digital cities where avatars are able to interact with each other.

With the rise of the Metaverse dominating the landscape, the real estate market has already generated more than $50 million, and there is no doubt that this number is constantly rising.

Why choose a virtual space in the Metaverse?

If you are interested in the world of technology, surely you have already heard about the advantages of implementing virtual spaces.

However, being the real estate sector one of the most regulated markets worldwide, the Metaverse offers an alternative based on innovation, with decentralized functions that are nothing more than an extra attraction for investors and users.

Now, some of the advantages that digital spaces can bring:

-Personalized spaces.

-Elimination of service providers and maintenance costs.

– Elimination of intermediaries.

– Transparency of transactions.

– Greater investment liquidity in real estate assets.

– technology-backed security Blockchain.

– Decentralization. Users can connect to the virtual world at any time from anywhere in the world.

– Higher data protection standards.

Why is Metaverse real estate selling for millions?

As a result of the aforementioned actions, and as the popularization of the Metaverse and the implementation of Blockchain increases, the list of Metaverses and Web-based projects 3 seems to grow daily, creating the possibility of new investment models based on innovation and modernity.

Today, the real estate sector is valued at more than 228 billion dollars, being one of the most popular areas for investment, with the support of technology of Blockchain and the Web 3, digital spaces increasingly increase their dominance in the global market.

A clear example of this is the Metaverse Decentraland, who currently own land worth $3.500, with 116 plots sold worth €2 million in crypto during 49. Today, the Metaverse Decentraland It has a number of commercialization greater than 500 million euros in constant increase in value.

Another popular investor in the real estate world in the Metaverse, the Dubai Metaverse assembly implemented great efforts to create new opportunities in digital environments. The project aims to develop 40.000 jobs that ensure an income of more than 4000 million euros to the economy of the emirate in a projection period of 5 years.

NFT REAL ESTATE: the transformation towards the future of real estate investment.

Yes we know that the Metaverse It is still a fairly young concept, compared to the traditional world of cryptocurrencies, the development of new technologies such as web 3 are only the beginning of what promises to be the market of the future.

Artificial intelligence, 3D images with fully immersive experiences are just some of the features present within virtual spaces to create completely unique experiences.

Looking to the future, we can expect that the Metaverse will very soon begin to be part of the day-to-day of the markets globally, So the value of digital spaces, marketed mostly in the form of parcels, will increase in value, offering solutions that previously seemed impossible, all with just the internet and a device.

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