The largest group of reputable and wealthy investors Grayscale trust made predictions about the possible profitability of the metaverse, they called the amount of $ 1 trillion. At the moment, no company in the world has even come close to this figure. And of course, the virtual space, or rather the virtual earth, will play a decisive role in this income of the metaverse.
Many users are wondering: how can buying something limitless make money at all? And the answer lies in the delusion about the infinity of the metaverse. There is a limited amount of virtual land, and if we draw an analogy with bitcoin, we will understand that the virtuality of the currency does not yet mean its infinite amount.
Another question arises when we compare real and virtual earth. The real one has a huge and versatile practical purpose, which is why we understand why square meters cost money. When we talk about the metaverse, it is difficult to see at least some practical purpose virtual earth, because you can’t even touch it. Everything is true, but there is one very important nuance: when we are going to purchase a real piece of land, then its location will largely affect its value. A hectare of land in Cameroon will cost us $500, that is, 4 rubles per square meter. And in New York, the cost of one square meter is about 400,000 rubles.
And now we've moved on to the main point: the strategy for making money in the metaverse is to buy land at a profit and later sell it for more. But the longer term strategy and the reason for spending millions of dollars is because people speculate that one day their land will become popular when they come to it. millions of people. This retains the same principle of Facebook or TikTok, which are valuable in the amount of audience - visits. And an even more understandable analogy is a big city, for example, Moscow with a population of millions of people and expensive living space. That is why investors in the metaverse are buying up land for millions of dollars to one day sell this prestigious virtual space for billions.
Virtual land does not have to be sold, it can be rented out. And the success of this enterprise depends only on the prestige of the area in which the specific virtual space was purchased. You can build concert venues or cinemas, invite celebrities and sell tickets for virtual concerts. Travis Scott and Justin Bieber have already held their virtual concerts, the profit from which exceeds the real one. Snoop Dogg is already selling tickets for his virtual private party, which is in high demand, and land near celebrity homes is breaking all records in price.
For example, in the Cryptovoxels metaverse, landowners can create virtual museums that display virtual paintings that cost real money. The thing is that there is only one copy of NFT pictures in the metaverse. If you are the owner of some NFT, then you can use it however you want, but no one else will do it except you. If the NFT picture you own is liked by many people, then it becomes a virtual piece of art and many will be willing to pay to visit the exhibition.
The people who sell us virtual realms in the metaverse are game developers. At the moment, Sandbox and Decentraland metaverses are popular. However, the main hype began when Mark Zuckerberg announced that it would soon be possible to communicate with friends, watch posts and read news, being in the metaverse that will unite Facebook, Instagram and Whatsapp. At this point, many people stopped doubting that the world of the metaverses awaits us in the future.
So we figured out what the value of virtual space is, and why an investor needs
buy land in the metaverse.
