Facebook changing its name to Meta and the Metaverse trend, which has gained great momentum, allows us to see new new projects every day. While some of these projects aim to reflect the metaverse to our world, many of them offer services that will enable people to invest in the future. While the metaverse craze was in full swing, the last focus of internet users was Metaverse lands.
Although the Metaverse is still an abstract concept according to the targeted reality today, it has already turned into an industry with millions of dollars. While the NFT market accelerated at the same rate as the metaverse acceleration, on the other hand, projects called virtual lands, in which the digital land is defined to the user in the virtual world, began to dominate the market.
As you review these platforms, it asks you to ask yourself… ? Does this land only belong to me … ?
If you're ready, let's start …
Metaverse Lands; It is the most lucrative investment in the Metaverse ecosystem. Because these lands are strategic assets that can gain value over time, just like in real life. So much so that people can buy, sell or rent lands. Thus, they can earn passive income from these investments.
Each Metaverse consists of a limited number of terrains with a fixed size. Decentraland Metaverse consists of 90,601 (16m x 16m) parcels. Sandbox Metaverse consists of 166,464 (96 x 96 pieces) fields. Users can build these lands by filling them with digital assets (buildings, vehicles, games or any 3D objects) and earn income by renting these assets.
The best projects in this field; Decentraland, Sandbox, Somnium Space, …
The metaverse worlds these projects create are unique. You are the sole owner of the lands you have bought…
Let's also come to the projects that turn the real world into land and sell it to their investors...
These projects aim to bring the metaverse to the real world by separating itself from platforms such as Decentraland and The Sandbox. Lands taken on the platform, where a copy of the real world is created, can be shaped on the real world. The prices of the lands usually change according to the location of the land in the real world.
Projects in this field; OVR, SuperWorld…
Here we come to the point where I am confused...
In the example I will give, the location of the land is the same, but the projects are different.
OVR
SuperWorld
Ovr and SuperWorld same location scaled different sizes. The land I got in OVR might be in someone else in SuperWorld, or it might be in the middle of several people's lands.
The same land is sold to more than one person with different projects. Who is the main owner… ?
Projects like OVR, SuperWorld are increasing day by day...
Just like financial institutions sell you gold that doesn't exist... You can't get a physical number of gold in your bank account, but you can't buy it physically because they can sell 1 gram of physical gold to hundreds of people. That is why the world economy is in a difficult situation … We can experience the same things in the virtual environment.
Let's say a few projects were adopted by investors, while others disappeared. The lands of those who disappeared became worthless. Then another danger for the surviving projects is;
What will happen when it is desired to transfer the land with the bridges connecting the blockchains … ?
How about 3 different buildings on the same land… ? I don't understand this situation...
My Last Words; I believe in the concept of Metaverse, but the issues I mentioned above need to be resolved. Right now, some people are trying to take a loan from the bank and buy land in the Metaverse world. They plan to realize their dreams, which they could not achieve in the real world, in the virtual world. Opportunities may arise here as well; If the plot madness in the metaverse continues like this, the land in the world will become cheaper. So I buy a small land for retirement and enjoy the benefits of the real world...
“Keep your eyes on the stars, and your feet on the ground.”