Renting Land In The Metaverse Using MNFT

We are all too familiar with how Covid-19 changed the world. In 2020, almost every country went into a heavy lockdown where users could not even leave their homes. While much of the effects of the pandemic were negative, we saw the Metaverse explode. The Metaverse created a solution to the separation problem, an opportunity for users to still meet, dance, play games, and party together.

MultiNFT has made great efforts to pioneer and revolutionize the party industry by utilizing the Metaverse. We are now working on new areas where we can improve the Metaverse and provide innovative ways for people worldwide to adopt the Metaverse!

We are developing a module that enables the public to rent venues and different lands in the Metaverse using the $MNFT token!

We are excited to release this new system, and we want to make it as accessible as possible. Users will need to simply connect their wallet to our website and choose parameters such as time, venue, and themes for their event in the Metaverse. They can then proceed and pay the $MNFT transaction. Once the transaction goes through, the user has a club rented with backend support from the MultiNFT team.

As a team, we are excited to have developed this product, which is needed and will be going live soon. In the past, people would often approach us asking about lending or renting our venues, so this long overdue!

Why should you rent land in the Metaverse?

The Metaverse has unlocked multiple opportunities across multiple industries. In 2021, the Metaverse was an $800 billion market opportunity. In 2022, the possibilities are even greater as more worlds, games, and influencers embrace the Metaverse. Although the Metaverse is relatively new, it truly provides unlimited opportunities.

While we understand that there needs to be massive advances in technology with respect to the VR space, major companies are pouring their resources into this development and we are at the commencement of major future progress.

Satya Nadella, Microsoft’s CEO, “The metaverse is here, and it’s not only transforming how we see the world but how we participate in it — from the factory floor to the meeting room.”

Mark Zuckerburg, Meta CEO “We see the Metaverse as the successor to the mobile internet…the kind of differentiating and defining factor of it is that it can help deliver a sense of presence… Being able to be present at work no matter where you want to live without a commute, being able to go to a concert with a friend instantaneously, being able to teleport as a hologram into your parents’ living room to catch up with them… it’s like an embodied internet.”

Twenty years ago, the internet was seen as “just a phase,” while it, in fact, it was the door to the future, changing everybody’s lives around the world. This is the Metaverse now. We are in the beginning phases of the future. The opportunity to rent space in the Metaverse is going to be a massive industry; here are just a few use cases:

Concerts and Events

In 2019, Fortnite held the first-ever virtual concert. This was an immediate hit, as Marshmallow entered the stage with an audience of 10.2 million people. The concert’s success sparked something special as multiple artists realized the possibilities of what is possible in the virtual world. In the following months, shows were held in other virtual worlds. Although Fortnite is not a Metaverse, companies looking into the Metaverse have a new vision.

As the pandemic hit in 2020, the world learned a lot about virtual worlds, as their own world was confined to just a room. As a result, artists have found a new way to reach their audience — the Metaverse. Snoop Dogg, Justin Bieber, Ariana Grande, Marshmello, Travis Scott, and many more artists have performed in the Metaverse. MultiNFT will provide a service where anyone can rent platform space and build a stage for concerts. Additionally, in the Metaverse, fans can donate MNFT to the artists, allowing for opportunities that enhance the experiences of both the artists and their fans.

Work Meetings and Business Branches

In a blog by Bill Gates, he wrote, “Within the next two or three years, I predict most virtual meetings will move from 2D camera image grids … to the Metaverse, a 3D space with digital avatars. The idea is that you will eventually use your avatar to meet with people in a virtual space that replicates the feeling of being in an actual room with them.”

While virtual meetings in the sense of Zoom, Skype, and Google Meet have been around for ages, there is nothing like the sense of being in the same room together. This is why work meetings will likely take place in the Metaverse. A simple VR set that brings clients in from all over the world, right next to you!

Recently, a Swedish company has looked into opening a branch in the Metaverse. As a result, receptionists, tellers, and consultants, no longer need to work over a frustrating phone call but can instead enjoy a person-to-person conversation within the Metaverse.

This is just one of the many doors that open when we understand that we do not need to rent out a building to conduct business, instead we can rent virtual real estate for a lower price and provide a much more accessible space in the Metaverse. Adding AR to this reality adds an entirely new aspect to factories, but that’s a subject for another day.

Parties

With MultiNFT you can rent out venues for your parties to optimize the experience. We can customize venues according to your party themes! This makes it easier to set up and helps families who are not near you to celebrate the party’s event.

We have our own nightclubs in multiple decentralized metaverse worlds. Our Rage Nightclub is the most popular of them all, located in the heart of Decentraland’s Festival District! MultiNFT started as one of the founders of the Metaverse clubbing revolution and made an enduring impact on the shape of NFT technology and the virtual club culture. We know how to make a party enjoyable!

Conclusion

There are many opportunities for anybody wanting to rent space for their special occasion. Relieve the stress of needing to buy and build on your own land. We are here to make it work for you. Renting land using the $MNFT token is just one of the many use cases for the MultiNFT token! We will be releasing information on exactly how you can rent land in a future article!