Top 3 Metaverse Crypto Projects for Real Estate Gains
Virtual real estate is here to stay. Lots of "virtual land" are selling for tens and even thousands of dollars and the Metaverse is just getting started. In this video, I'm breaking down my top 3 metaverse crypto projects for real estate profit.
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Timestamps:
00:00 - Intro
00:29 - What is the Metaverse
02:41 - The Sanbox Project
04:20 - Decentraland MANA
06:44 - Somnium Space
08:55 - Outro
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The Metaverse is the hottest topic in crypto right now. In fact, one of the biggest news in business this year was Facebook rebranding itself into Meta as Mark Zuckerberg is betting everything into this new virtual reality world. The metaverse is pretty much virtual reality. Just a visual representation of our physical world with almost unlimited possibilities. If you've played a video game online such as Grand Theft Auto, or an MMORPG like World of Warcraft, you've sort of experienced a little bit of what the metaverse is like..
Blockchain technology is the key behind the metaverse's creation and its success. You see, unlike playing a video game such as World of Warcraft, where a player has to play by the "creators" rules, the metaverse is a world where anyone can make their own rules. Also, Non-Fungible Tokens, or NFTs will also play a fundamental role in the metaverse, giving people complete ownership of their characters, purchase items and even virtual land and real estate.
And such is the case of The SandBox, which is a blockchain-based game and metaverse world that allows you to purchase, sell, and stake NFTs such as virtual plots of land. The Sandbox is a unique virtual world where gamers may also create, own, and monetize their gaming experiences by using SAND, the platform's main utility crypto. The Sandbox project has some serious backers and collaborations. Just last week, they raised $93 million from investors to build out its metaverse. This was conducted thanks to Softbank's Vision 2 fund. And to discuss a little bit about the tokenomics, right now, The Sandbox stands at #74 with a market cap of $2,100,596,537 USD. It has a circulating supply of 892,246,119 SAND coins and a max. supply of 3,000,000,000 SAND coins.
Decentraland is an Ethereum-powered virtual reality world in which players can purchase land to build on. This virtual world has no restrictions for what can be built, and users must use the Ethereum blockchain to buy plots of land and construct whatever they want. Once you own a plot of LAND, you’re pretty much free to do whatever.
The MANA token started out with a total supply of 2.8 billion. And although it was supposed to have an 8% inflation, as of now the supply has already gone down under 2.2 billion. Decentraland went bonkers the moment that Facebook rebranded to Meta as many people thought there was a partnership in there and it rallied almost 400% in two days. Right now, it ranks at #42 with marketcap of $5 billion and a price of $2.69 per mana
The last project that I believe will be a game-changer in the metaverse is Somnium Space, a virtual reality (VR) world that's also built on the Ethereum blockchain. The project utilizes the $CUBE, an ERC-20 token that serves as the Somnium Space platform's native utility currency. The land in Somnium Space are considered PARCELs you can buy these on the OpenSea NFT marketplace. If a player wants to build an independent Somnium world they must first obtain one of these land parcels.
The CUBE token facilitates in-game transactions between players just as regular currency in the real world. Every parcel has unique coordinates that represent a specific location on the Somnium Space map. And just like in real life, Proximity to popular areas with great views, size of parcel, or having certain amenities nearby such as a waterfront and Central Waypoint, typically determine their value.
#crypto, #metaverse, #realestate, #altcoins, #decentralandmana, #thesandbox, #somniumspace, #NFT