Here’s Why I’m Bullish on Buying Metaverse Land and Why I Think You Should Be
Humor me for a second. Imagine, if you will, that it is the year 1910. The place: Manhattan, New York. Once farmland in 1880, the place is now changing dramatically with tenements and apartment blocks springing up everywhere. The economy is booming. Some 2.3 million people now call Manhattan home. Property prices, however, are ridiculously low. Just $8 will buy you one square foot of prime New York real estate. Which is the equivalent of about $265 in today’s money. If you were a time-traveler, you would be putting down every cent you could find buying up real estate in Manhattan in the 1910s. However, this sort of wishful thinking will have to stay within the realm of science fiction for now. Or does it? What if I told you this exact scenario is playing out right now? Currently, Metaverse land prices sit way below what the experts tip they will be worth in the future. Yet that’s not to say they are inexpensive. In fact, Republic Realm just paid a whopping $4.3 million to purchase a plot of land in the Sandbox Metaverse.
Here’s why I am bullish on buying Metaverse land right now
My curiosity for all things Metaverse real estate related was piqued when I learned that the Black Mamba himself is coming to the Metaverse. That’s right, the estate of the late, great Kobe Bryant is looking to create virtual experiences in the Metaverse with the NBA All-Star. And the list of big names joining the throngs of Metaverse citizens doesn’t stop there. Jake Paul, Andrew Yang and Shawn Mendes are all active within this virtual space. This raises a question. Once we’re doing the majority of our learning, shopping, working and socializing virtually, who owns the Metaverse land where we will be doing such?
Get in early
To the uninitiated, the proposition of investing tens of thousands of dollars purchasing virtual land in the Metaverse might sound crazy. Yet as we can see a lot of big name celebrities, businesses and investors alike are racing to get hold of their slice of Metaverse property. The fact is more and more of the public will soon follow suit. The story of Christie, a smaller Metaverse land buyer, exemplifies what I think is about to happen on a global scale. Christie, a retired teacher in Australia, recently paid around $1,000 to purchase her virtual penthouse in the Uphoria metaverse.
“The vision for this penthouse is rather than me hosting Zoom calls, I can send out my link to people to join me there,” she said.
“If we’re going to do Zoom calls anyway, we might as well do it in style.”
And that’s the point. When the masses do eventually realize the value in Metaverse land and begin arriving in number, you want to be ahead of the curve. Early adopters are well placed to realize significant ROI. Indeed, getting in early and buying Metaverse real estate means you not only have a place to hang out, but you can also always sell it for a profit later. And that’s why I’m bullish on investing in Metaverse land.
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