In this article I will be answering the following

1. What is virtual land and why is it valuable?

2. How to buy a virtual land?

3. How to assess your risk while buying internet (virtual) land

3)Finally interesting metaverse projects to keep an eye on

Hop on anon!!

Virtual land is a land which exist in the virtual space, this exist as a code which is stored in the blockchain. So in general if you buy a virtual land essentially you are buying a piece of code which gives you access to that particular area in that metaverse.

You can build anything you want (technical limitations exists tho) on top of your land just like you real world land . You can build buildings , fountains , parks on your land and conduct online events or online rave parties. Sounds cool right?

But why does any of these matter? Why would someone in their right mind spend millions of dollars on a piece of code?

Looking back at real world land will help us to answer this question . Why are some pieces of land in the real world more valuable than the other , this is because of the ecosystem surrounding it . A piece of land which is adjacent to a popular shopping center is more valuable than the ones which doesn’t have an ecosystem around it

This logic can be applied to virtual land too, a piece of land which is adjacent to a popular meeting spot or another land which was bought by a celebrity will be more valuable than others

Prerequisite:

1. First and foremost you will need a metamask wallet (or any other no custodial wallet) if you don’t know what that is or how to get one , here is a really good article explaining it

https://www.coindesk.com/learn/how-to-set-up-a-metamask-wallet/

1. You will need some funds in your metamask wallet , in our case it will be ether because we will be buying a land (piece of code) which is stored in the ethereum blockchain thus we will need ethereum to pay for gas fees (transaction fees) and to pay for the land itself

2. And the will to buy it :)

*note: we will be buying the land of the project decentraland.org ,consider it like a digital country where you can own land , connect with other people and have fun

Step 1

Head over to opensea.io (this is general marketplace to buy and sell nft’s in our case we will be buying a piece of land which is an nft)

*note: Opensea is the most popular one but you can also use other nft marketplaces

Top right corner you will see a wallet icon click on that and choose metamask, this will connect your metamask and opensea.io

Step 2

You can either search the project you want to buy the land on but this is very risky because there exist 100’s of fake projects and you might end up buying a fake one.

The most safest way is by clicking the opensea link of the project directly from the project’s website or their social media

Step 3

This is the trickiest of them all , choosing the land that you want to purchase . Here is a short guide on how to think about it

There are mainly two type of investors:-

1. Those who are looking at land as investment ,buying and selling for short term gains

2)Those who are buying land to build on top of it and to use it as an property

If you are buying land as an investment for short term profits:-

1. Try to buy lands which are rarer , yes it can be costly but it has higher chance of selling for more profit than others.

2. Keep your risk minimized and diversify .If you have a budget of 10 eth then instead of buying a single piece worth 10 eth , buy 2 different lands for 5 eth each.

3. Don’t get caught in the up only mentality . If your land is doing well and you have made significant profits then sell!!!

If you are buying land as an property to build things upon

1. You have more flexibility in this case, you can scoop up non popular lands for cheaper price and build an ecosystem around it

2. You should be willing to hold for longer periods of time , even years before you see any profit

Step 4

Once you have chosen the land click on “buy” (to buy the land immediately) or “make an offer” to offer a price and if the seller thinks the price is fair he can choose to accept the offer

Step 5

You can head over to decentraland.org to use your land and build stuffs or you can use opensea to view your land and check various stats such as current floor price and so on

Wooohooo! In 5 simple steps you are an owner of a virtual land

Every investments whether in the real world or the virtual world comes with a risk , you have to invest within your risk spectrum

Here are 4 things to consider:

1. The project which you are the buying land on could fail: If you are buying a land on lets say XYZ projects then it is possible that the project doesn’t attract any people and no one is wiling to build anything there . This could make your land worthless

2. Get caught up in the hype: you might see a flashy new project which everyone is talking about and you decide to buy one but only to realize later it was a bubble and there isn’t anything worth the hype.

3. Wallet getting hacked: You might accidently reveal your passphrase or get your wallet hacked and you could loose your expensive land .

4. Regulatory risks: This is not very prominent now but its possible in the future governments could charge heavy tax % on your land.

I briefly touched upon this in the previous paragraphs but would like to explain a bit more:

1. Buy and sell land : This is the most common way ,you buy a land which you think is undervalued and sell it for more profit later

2. Build things and collect fees: You can build something and charge people a fee to use it

3. Rent your property: Yes just like in real world ,you can rent your property (although this doesn’t exist in all the projects but its is expected to implemented in all the projects)

4. Conduct events or setup virtual shops: You can conduct virtual events like rave parties or setup a merchandise shop and sell your product

1. Decentraland.org (most popular one right now)

2. Sandbox.org

3. myneighboralice.com

*note: there are like 100’s of projects right now , make sure to do your due diligence

It was a pretty long read ain’t it?, will keep this short :) . If you believe the future of social connection will be on the metaverse buying a land and building an ecosystem around it makes really sense. Your edge will lie on how good you are at predicting which ecosystems will grow. If you spend enough time analyzing the projects and going the extra mile and trying to understand every aspect of a project, you will have a significant advantage over the rest

Have fun and ape responsibly :)

In this article I will be answering the following

1. What is virtual land and why is it valuable?

2. How to buy a virtual land?

3. How to assess your risk while buying internet (virtual) land

3)Finally interesting metaverse projects to keep an eye on

Hop on anon!!

Virtual land is a land which exist in the virtual space, this exist as a code which is stored in the blockchain. So in general if you buy a virtual land essentially you are buying a piece of code which gives you access to that particular area in that metaverse.

You can build anything you want (technical limitations exists tho) on top of your land just like you real world land . You can build buildings , fountains , parks on your land and conduct online events or online rave parties. Sounds cool right?

But why does any of these matter? Why would someone in their right mind spend millions of dollars on a piece of code?

Looking back at real world land will help us to answer this question . Why are some pieces of land in the real world more valuable than the other , this is because of the ecosystem surrounding it . A piece of land which is adjacent to a popular shopping center is more valuable than the ones which doesn’t have an ecosystem around it

This logic can be applied to virtual land too, a piece of land which is adjacent to a popular meeting spot or another land which was bought by a celebrity will be more valuable than others

Prerequisite:

1. First and foremost you will need a metamask wallet (or any other no custodial wallet) if you don’t know what that is or how to get one , here is a really good article explaining it

https://www.coindesk.com/learn/how-to-set-up-a-metamask-wallet/

1. You will need some funds in your metamask wallet , in our case it will be ether because we will be buying a land (piece of code) which is stored in the ethereum blockchain thus we will need ethereum to pay for gas fees (transaction fees) and to pay for the land itself

2. And the will to buy it :)

*note: we will be buying the land of the project decentraland.org ,consider it like a digital country where you can own land , connect with other people and have fun

Step 1

Head over to opensea.io (this is general marketplace to buy and sell nft’s in our case we will be buying a piece of land which is an nft)

*note: Opensea is the most popular one but you can also use other nft marketplaces

Top right corner you will see a wallet icon click on that and choose metamask, this will connect your metamask and opensea.io

Step 2

You can either search the project you want to buy the land on but this is very risky because there exist 100’s of fake projects and you might end up buying a fake one.

The most safest way is by clicking the opensea link of the project directly from the project’s website or their social media

Step 3

This is the trickiest of them all , choosing the land that you want to purchase . Here is a short guide on how to think about it

There are mainly two type of investors:-

1. Those who are looking at land as investment ,buying and selling for short term gains

2)Those who are buying land to build on top of it and to use it as an property

If you are buying land as an investment for short term profits:-

1. Try to buy lands which are rarer , yes it can be costly but it has higher chance of selling for more profit than others.

2. Keep your risk minimized and diversify .If you have a budget of 10 eth then instead of buying a single piece worth 10 eth , buy 2 different lands for 5 eth each.

3. Don’t get caught in the up only mentality . If your land is doing well and you have made significant profits then sell!!!

If you are buying land as an property to build things upon

1. You have more flexibility in this case, you can scoop up non popular lands for cheaper price and build an ecosystem around it

2. You should be willing to hold for longer periods of time , even years before you see any profit

Step 4

Once you have chosen the land click on “buy” (to buy the land immediately) or “make an offer” to offer a price and if the seller thinks the price is fair he can choose to accept the offer

Step 5

You can head over to decentraland.org to use your land and build stuffs or you can use opensea to view your land and check various stats such as current floor price and so on

Wooohooo! In 5 simple steps you are an owner of a virtual land

Every investments whether in the real world or the virtual world comes with a risk , you have to invest within your risk spectrum

Here are 4 things to consider:

1. The project which you are the buying land on could fail: If you are buying a land on lets say XYZ projects then it is possible that the project doesn’t attract any people and no one is wiling to build anything there . This could make your land worthless

2. Get caught up in the hype: you might see a flashy new project which everyone is talking about and you decide to buy one but only to realize later it was a bubble and there isn’t anything worth the hype.

3. Wallet getting hacked: You might accidently reveal your passphrase or get your wallet hacked and you could loose your expensive land .

4. Regulatory risks: This is not very prominent now but its possible in the future governments could charge heavy tax % on your land.

I briefly touched upon this in the previous paragraphs but would like to explain a bit more:

1. Buy and sell land : This is the most common way ,you buy a land which you think is undervalued and sell it for more profit later

2. Build things and collect fees: You can build something and charge people a fee to use it

3. Rent your property: Yes just like in real world ,you can rent your property (although this doesn’t exist in all the projects but its is expected to implemented in all the projects)

4. Conduct events or setup virtual shops: You can conduct virtual events like rave parties or setup a merchandise shop and sell your product

1. Decentraland.org (most popular one right now)

2. Sandbox.org

3. myneighboralice.com

*note: there are like 100’s of projects right now , make sure to do your due diligence

It was a pretty long read ain’t it?, will keep this short :) . If you believe the future of social connection will be on the metaverse buying a land and building an ecosystem around it makes really sense. Your edge will lie on how good you are at predicting which ecosystems will grow. If you spend enough time analyzing the projects and going the extra mile and trying to understand every aspect of a project, you will have a significant advantage over the rest

Have fun and ape responsibly :)