In this guide we will learn how to buy land in the metaverse via several different “metaverse” worlds.
The article will also shed light on the platforms currently available on metaverse and how you can buy land on each of them.
Carefully look through each of them and see how you can earn money from them.
The platforms that will be looked at are:-
· Decentraland.
· Sandbox.
· Roblox.
· Second Life.
How to buy land on Decentraland
Land can be bought from Decentraland through the in-game marketplace and on third-party marketplaces like OpenSea.
Decentraland is an online digital marketplace where you can source products of your choice. You can buy land on the platform by use of cryptocurrencies and crypto tokens available at your disposal.
In the virtual world, the prices are volatile and the price of land can fluctuate from time to time.
The price of land was 1.3 million Mana, which is the platform’s native cryptocurrency.
The most expensive virtual piece of land on the platform goes for $900,000.
The price of land on this platform is controlled by non-fungible tokens and the tokens determine whether you gain or lose from your initial investment.
The platform made news when people made loads of money from buying and selling land through the platform.
You can make good profits by selling land when its value increases and also by monitoring the price rises and falls with a keen eye.
How to buy land on Sandbox
The Sandbox is a direct competitor to Decentraland and the prices of land on the Sandbox platform are a little bit lower than on the Decentraland platform.
There are a few steps you need to follow so that you can purchase land on Sandbox, these steps include:-
· Set up your wallet.
· Buy sand tokens.
· Transfer your tokens to your main Sandbox account.
· Buy land on the Sandbox map.
Following these easy steps will enable you to start the process of buying land on the platform.
Perhaps the hardest parts would be when you convert Ethereum tokens to sand tokens. Once you get the knack of all that process you will be good to go.
Now that you have an account with some Sandbox tokens and ethereum tokens you are ready for the actual land sale.
In addition to sand tokens, you will need ethereum to pay for the ethereum blockchain gas fees. Make sure you have some in order to purchase your land.
Land is sold in Ethereum but is pegged to USD and the average price is just about $38.40. The prices fluctuate depending on the Ethereum volatility on the market.
Owning a piece of digital real estate land on the Sandbox will open the door to many opportunities for you to earn yourself a very good source of income.
The ways you can earn money from the Sandbox platform are:-
· Hosting experience.
· Staking.
· Renting.
· Host contests and giveaways.
· Selling Ad space.
· Selling land.
Buying land on Roblox
Getting land to build your house on the platform is relatively easy. All you need to do is explore the city and find a suitable plot that you would like to develop.
The easiest way to do this is to drive around in a car until you find somewhere you like.
There will be vacant land provided for on the platform and you will find a ‘Vacant’ icon on it, which you will be able to claim. The price of land on the platform is free, once you start the simulation the costs will be on developing the vacant plots provided.
You can earn money through the developer platforms. You can use your earned Robux which is the currency used on the platform, to purchase catalog items, or you can eventually cash out for real world money using the Developer Exchange Program.
Buying land on Second Life
The first thing you need to do would be to setup an account on the platform. Start by looking at the mainland on the World Map, and enabling the check box “Land for Sale.
Once you find the piece of land you want to purchase, you can have a look around the plot and then click on it once again and the purchase begins.
Land on Second Life costs about 1400 Lindens which is the currency used on the platform.
You can make money on the platform buy buying and selling developed land. You buy an abandoned land and use your resources to develop it and sell it at a profit.
Buying Land In The Metaverse
You will get a virtual experience on the Metaverse platform that gives you a clue on how you should operate in the real world.
Once you get the hang of all these platforms you will develop a knack of making some profits using the various tokens and converting it to real money when you need to do so.
It’s all virtual but the skills you gain from the platform will help you apply yourself elsewhere.