Crypto Tokens To Buy Real Estate In The Metaverse

Rancakmedia.com – Here is a list of the most popular crypto tokens that can buy real estate in the metaverse which we will discuss this time, see the following article. Sales of non-fungible tokens that represent real estate in the metaverse, often known as virtual real estate, are becoming more popular.

You cannot physically visit these properties, but the investment appeal lies in these assets being backed by an anti-counterfeit certificate recorded on the blockchain.

Those looking for a new method to invest in real estate have noticed this trend, according to a story on businessinsider.com. In hopes of making big money, many are willing to shell out six figures for them.

In the next 16 months, some predict the economy will expand by three digits. Virtual real estate is not a new idea. One of the first companies to join this space is the Metaverse Group, which manages the virtual platform 'Decentraland'.

But ever since Facebook renamed Meta, the idea has received huge attention, with investors speculating about the knock-on impact on many of the game's metaverse and respective cryptocurrencies.

Properties in the NFT-based universes from Axie Infinity, Decentraland, and The Sandbox are hugely popular. The price of related cryptocurrencies from this initiative has also surged, with Decentraland's MANA token up 4.258 percent in the past year.

Search results on Google show the search volume for this phrase has skyrocketed in just a short time, with public interest stimulated just a few months prior.

Sales of virtual lands skyrocketed in early December, generating more than US$105 million for just four metaverse projects, according to DappRadar. From that figure, the Sandbox game platform leads with NFT sales of US$86.56 million (Rp. 1.23 trillion), while Decentraland is in second place.

Options to choose metaverse tokens which one to get depends on the platform you want to explore. Each virtual world has its own unique token that allows users to make digital land purchases.

To enter the metaverse, you will most likely be asked to set up a crypto wallet to store your digital assets. It allows you to convert fiat money into bitcoins using online payment platforms.

Coinbase, Binance, and Gemini are just a few of the major crypto exchanges where you will find these tokens, making it easy to buy them.

List of Popular Crypto Tokens To Buy Metaverse Real Estate

In the metaverse, you can purchase land using a variety of tokens, some of which are listed below:

  1. Ether
    Symbol: ETH
    Returns YTD: 401%
    Market Capitalization: 448 billion US dollars
  2. Axie Infinity
    Symbol: AXS
    Returns YTD: 18.016%
    Market Capitalization: 6.5 billion US dollars
  3. Sandbox
    Symbol: SAND
    YTD Returns: 16.853%
    Market Capitalization: 5.6 billion US dollars
  4. Decentraland
    Symbol: MAN
    YTD Returns: 4.219%
    Market Capitalization: 4.4 billion US dollars
  5. Gala
    Symbol: GALA
    YTD Returns: 28.477%
    Market Capitalization: 3.5 billion US dollars
  6. Coin Engine
    Symbol: ENJ
    YTD Returns: 1.971%
    Market Capitalization: 2.5 billion US dollars.

Conclusion

Non-fungible tokens that represent real estate in the metaverse, often known as virtual real estate, are becoming more popular. In hopes of making big money, many are willing to shell out six figures for them.

One of the first companies to join this space is the Metaverse Group, which manages the virtual platform 'Decentraland'. Virtual land sales skyrocketed in early December, generating over US$105 million for just four projects.

Sandbox leads with NFT sales of US$86.56 million (Rp1.23 trillion), while Decentraland is in second place. Each virtual world has its own unique token that allows users to make digital land purchases.

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