Metaverse Universe

[gfp927z]

Metaverse real estate - >>> What's Next in Real Estate? 3 Investors Weigh In


Motley Fool

By Liz Brumer-Smith, Mike Price, and Kristi Waterworth

Jul 10, 2022


https://www.fool.com/investing/2022/07/10/whats-next-in-real-estate-3-investors-weigh-in/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article


Kristi Waterworth: Metaverse real estate has done well compared to other crypto-based assets, partially, I believe, due to the utility inherent to it. Unlike art NFTs, for example, virtual real estate gives owners the ability to generate passive income no matter what the crypto market is doing. For example, in a recent interview with Fast Company, Sam Huber of London-based metaverse real estate company Admix explained that his company's business model can generate monthly rents upwards of $60,000, with some projects having profits of 70%.

Of course, that was in May. What does the future of metaverse real estate hold now?

Because it's such a new asset, it's always hard to know for sure what we're looking at. But based on what I'm seeing, it seems like the future is bright. There are three main metaverse platforms on my radar right now for long-term adoption and development: Decentraland (MANA -1.94%), The Sandbox (SAND), and The Bored Ape Yacht Club's (APE) Otherside.

Each of these platforms is at a different stage of maturity, with Decentraland being the most developed and the only platform that is fully live. The Sandbox is open for visitors in fits and spurts, as the world continues to be created. Otherside just opened land sales in early May, so it may be some time still before it's available for visitors to check out.


CRYPTO: MANA
Decentraland

Land sales across all platforms have dropped in volume, as the crypto currencies that power them have slipped from all-time highs. However, interest isn't dropping. In fact, if anything, flippers are moving out of the systems and metaverse landowners who plan to hold their purchases and invest in the communities they bought in are digging in deeper. There have consistently been more buyers than sellers during this dip, and I believe that will ultimately generate strong long-term growth for virtual landlords.

The rest of 2022 and into 2023 are full of promise. As uncertainty about the global economy and the state of the world calm a little, and large brands continue to lead the way to building really cool experiences within metaverse spaces, the hype that we saw in November 2021 could start to bear fruit.

<<<



---