It’s bizarre, strange and downright freakish, isn’t it? I never in my wildest dreams thought I’d be writing a how-to on purchasing real estate in the metaverse, but here we are. People are actually scrambling to buy virtual land — yes, virtual — meaning it lacks tangibility and doesn’t exist in the physical world. You technically can’t see nor touch it, but folks are paying tens of thousands of dollars to own one. Laptop Mag recently interviewed a Las Vegas resident who purchased a virtual gas station inside a play-to-earn game called PolkaCity. You may snort at the absurdity, but that online petrol station pays out weekly passive income, yielding $16,000 a month. Who’s laughing now? The PolkaCity gas station is currently sold out, but don’t worry, there are other digital real estate options up for grabs inside metaverses such as Sandbox, Decentraland and more.
What is the metaverse? Where this guy can $16k a month on a virtual gas station The best VR-ready laptops of 2022
I’ll show you the ins and outs of buying sweet digital digs in the metaverse. Even if this concept sounds too unfathomable, I’m sure you’re curious about the process. Stick around to find out how folks scoop up virtual real estate in simulated realms.
How to buy real estate in the metaverse
How to buy real estate in the metaverse
The hottest metaverse platforms for purchasing virtual real estate are Sandbox and Decentraland. For both apps, you’ll need to download a Chrome extension called Metamask, an online wallet designed to hold digital assets. Next, you must fund it with either SAND (for Sandbox plots) or MANA for (Decentraland properties), two Ethereum-based cryptocurrencies. Once your Metamask wallet is sufficiently funded, you’re ready to shop for virtual real estate. First, let’s dive into how to purchase plots on Sandbox. Sandbox Did you know that Snoop Dogg and Steve Aoki own land in Sandbox? A plot of land situated between these two celebrities is currently on sale for a cool $2.5 million. That’s pretty steep — and you won’t even get to spy on Snoop as he grabs his mail nor watch your mansion shake violently as Aoki practices a DJ set. Fortunately, there are cheaper plots of land. Sure, they may be located in the grittiest parts of the Sandbox where you won’t find a Whole Foods for miles, but chances are high that their value will increase over time. As of this writing, the lowest-priced virtual territory is just under $10,000. Follow the instructions below to snatch it before someone outbids you.
