Undoubtedly, the 21st century has seen the huge growth of the digital economy. Likewise, the buzz about blockchain technology, cryptocurrency, and NFTs is growing with every passing day. Overall, metaverse real estate sales crossed a whopping $500 million in 2021. COMEARTH takes a look at virtual land and the reasons why land in the metaverse is a good investment opportunity.
3D immersive environment
Operating as a digital planet, business firms can launch their commercial outlets in the metaverse and directly engage with customers. Individuals and brands can purchase land parcels and build a virtual world that is accessible from anywhere. Overall, the planet is divided into different continents with separate zones, sectors, and areas. Citizens who own plots can monetize the land in metaverse depending on the traffic they receive.
Unquestionably, online shopping has brought a lot of ease and convenience to the lives of people. Prospective buyers can attend events in the metaverse, discover the products they wish to purchase, and connect with their favorite brands. Citizens can also sell the land in metaverse as NFTs and receive rewards. Phygital experience and a friendly user interface on the Polygon PoS are guaranteed!
As an intense debate between a physical and a digital life goes on, the metaverse is all set for exponential growth. Thus, technologies like Augmented Reality (AR) and Virtual Reality (VR) will integrate into the day-to-day lives of human beings.
Importantly, blockchain technology will ensure immutability, transparency, and decentralization. As a distributed ledger and functioning as a Peer-to-Peer (P2P) network, it guarantees privacy and security.
Creators can easily build Decentralized Applications (DApps) and monetize their digital assets effortlessly. We offer DIY launch tools that help artists and brands to harness the power of the metaverse. Existing businesses operating in the Web 2.0 era can take a leap into the world of Web 3.0 with SaaS integration.
Land in metaverse: Why is it highly valuable?
Scarcity determines the value of land in the metaverse. The Internet era has brought economies closer. With the rapid growth of e-commerce, people are finding it easy and simple to purchase products via online shopping portals. Currently, more attention is being given to trends like social commerce and quick commerce. People are no longer shopping for utilities just to satisfy their necessities. The metaverse offers a one-of-the-kind experience.
We will use the flexibility of the metaverse along with the security of blockchain technology to ensure sustainable development in the e-commerce industry. Central plazas are the highlight. Users shall land there when they enter the metaverse. With a total of 8 continents, it houses industries. Interested buyers can directly access the products they wish to purchase.
Edtech, Fintech, Automobiles, Fashion, Retail, Arts and Music, Real Estate, Cosmetics and Jewellery, Live Events, and Electronics are the industries. It acts as the hub of digitization, sustainability, and virtual avatars. Certain spots are expensive due to frenzied activity and more people congregate there.
Citizens can also create miniature metaverses within the planet. Those who are part of the Decentralized Autonomous Organization (DAO) can vote on numerous proposals. The ones who possess native tokens can determine the sale of virtual land via auctions, the creation of new wearables, and the primary sale fees. With a semi-automated mechanism in place, votes will enable the removal of evil entities from the system.
Further, the Decentralized Autonomous Organization (DAO) ensures transparency. It takes care of aspects like special requests and penalization. As part of the e-commerce metaverse, citizens can use their land in the metaverse as governance tokens. Moreover, their vote weightage will depend on the number of units (size of the real estate).
Analyzing the importance of stakeholders in the metaverse
When formulating a Decentralized Autonomous Organization (DAO), it is essential to take into account the requirements of stakeholders. We will promote fairness and transparency. There will be a gradual decrease in the number of parcels when the size of the land increases. There will be visitors, creators, and citizens. Primarily, the focus will be on balancing the interests of users, land owners, and brands.
In the long run, more attention will be given to user engagement, governance, and monetization. While Web 2.0 was riddled with issues related to security, user experience, and technical concerns, Web 3.0 powered by Polygon ensures gas-free minting of NFTs, scalability, and privacy.
COMEARTH promises to be the perfect mix of commerce and the metaverse. Eager to own a piece of virtual land? Become part of COMEARTH now and offer a digital real estate experience like no other.