With the growing popularity of Metaverse, many governments, corporations, and investors are making moves to acquire virtual land, which some understand as a way to thrive in the rapidly growing digital border, while others want to secure their investment interests.
As per BusinessChief, Snoop Dogg has 122 plots of land, 67 properties of premium land, and three estates; consulting giant PwC Hong Kong doled out US$10,000 on a virtual plot.
Players may create, control, and monetize their game experiences in the virtual environment known as The Sandbox using the Ethereum blockchain.
Trade events and exhibitions have been held in the Metaverse, with large event spaces, sponsorships, and booths promoting monetization.
It would be a comprehensively immersive experience with opportunities for hands-on participation, zero travel or commute required. It has also been explored that Social gatherings, marriages, and collaborative work might all be migrated to the Metaverse, positioning meta real estate for acceptable usage.
There are four top virtual worlds – Sandbox, Decentraland, Cryptovoxels, Somnium – that have taken over the metaverse real estate market,
These platforms allow users to buy plots of land they can steer, build upon, and monetize.
NFTs makes plot unique, tradeable digital assets, the ownership of which is recorded on a Blockchain.
Through its territory in The Sandbox, a virtual arena majority-owned by the Hong Kong-based Animoca Brands, HSBC will be able to interact with fans of sports, e-sports, and gaming.
The global consulting company PwC announced that it had made a significant purchase of virtual property on the metaverse platform The Sandbox. Using The Sandbox’s SAND currency, PwC reportedly paid more than $10,000 in non-fungible tokens (NFTs) for the digital property.
William Gee, a partner at PwC Hong Kong, stated in a statement to Consultancy UK that the company would adopt cutting-edge metaverse technology to use virtual experiences while offering customer advisory services.
The Sandbox is a community-driven platform where developers may earn money via blockchain-based games and voxel ASSETS.
Metaverse Properties provides property in prime places in Sandbox for everything from a conference or commercial venues to art galleries, family residences, and hangout areas for individuals, businesses, and organizations
