How to Buy Virtual Land in the Metaverse

With the ongoing hype of a virtual world where you can enjoy your life through an avatar of yourself, more and more people are warming up to the concept of the metaverse. While associated technologies such as virtual reality (VR) and augmented reality (AR) are still evolving, the metaverse is garnering quite some attention. 

This has also gotten metaverse proponents to talk about the trade of virtual land in the digital world. Also referred to as virtual real estate, this concept is all about giving you your own space in the metaverse created by some of the most skilled developers and programmers in the world. 

If you are interested in securing your own space in the VR universe, here is how to buy virtual land in the metaverse.

How Does the Metaverse Work?

The metaverse is a virtual universe that is powered by VR, AR, interactive digital environments and similar technologies. Since the concept is still in its inception, there is no singular digital world that represents the metaverse as a whole. Instead, many developers are creating their own space in the metaverse that is powered by their proprietary environments in-universe and their own servers in real life. 

This means that the metaverse works as a combination of several digital worlds that are created by their own respective developers. Whether you want to hold your work meetings in a virtual environment or need to set up a digital vacation spot, you can choose between a variety of virtual locations in the metaverse to fulfill your goals.

What Does Buying Virtual Land in the Metaverse Get You?

Virtual land in the metaverse is a preset environment where you can find a place to spend some time in the digital universe and set up the space the way you want. Many digital environments make your virtual land a part of an open world, where you can choose to interact with other so-called inhabitants of the metaverse. But you can also buy this digital land as an investment or a virtual asset.

You can think of your virtual land as your own corner of the metaverse that is powered by technicalities such as cloud storage, graphical environments, and functional features. When you pay for your land in the metaverse, these are the perks that you get in exchange for your money.

How to Buy Virtual Land in the Metaverse?

Since there are many options for you to find your own place in the metaverse, you can buy your virtual land through a variety of providers. Some of them perform their transactions in cryptocurrency, but it is not a necessity.

These include the following domains and websites. 

The Sandbox Game

The Sandbox Game is a blockchain based environment that lets you build your own avatars, assets, and estate in the metaverse. You can browse through available land and purchase it through cryptocurrency. 

Decentraland

Decentraland is yet another blockchain backed environment where you can purchase your own little corner in the metaverse. With various choices for virtual land, you can make your selection for the type and area of land that you need.

Earth 2

Earth 2 is an ambitious project that represents real land on Earth as virtual land in the metaverse. This puts a spin on the metaverse concept by providing you with an alternative to the land that you live on. 

Somnium Space

Somnium Space is based on blockchain and allows you to purchase land in the metaverse through different listings. Similar to other options on this list, the virtual land that is once sold is reserved in your name, which you can use to inhabit the virtual world. 

In order to complete your land purchase on these platforms, you may need to have a cryptocurrency wallet. You can get such a wallet from exchanges such as Binance/Binance.US, Coinbase, and Gemini. Afterwards, you can purchase cryptocurrency through your credit card and use it to buy land on these platforms. 
Since metaverse is still developing, it is important that you remain vigilant with your purchase of the virtual land. This helps you steer clear of financial losses or being stuck with a digital property that you cannot use as actual real estate.