Imagine visiting your favorite travel destination or attending a rock concert from your living room. Or a world where companies can transport customers from anywhere to their virtual stores, delighting them with an immersive buying experience.
All this was pure science fiction some years ago when most people wouldn’t consider it possible in reality. But not anymore, thanks to advanced technologies like virtual reality, blockchain, and non-fungible tokens. We now have the metaverse — the enhanced, virtual counterpart of the real, physical world.
Grayscale estimates the metaverse to generate $1 trillion annually, presenting a massive market opportunity for innovators. And although this industry is still emerging, some key components, like virtual real estate, have already materialized.
Virtual Real Estate is No Longer Make-Believe
Buying land in the metaverse is no longer merely a speculative, supply-demand game. There’s much utility in virtual real estate nowadays. For example, you can conduct business events besides enjoying widespread access to entertainment and media.
Thus, leading brands like Samsung and JP Morgan are now buying land and setting shop in the metaverse. This boosts their credibility among Web3 communities, expands outreach, and unlocks novel revenue streams.
The metaverse is also a blessing for technology-intensive companies. They can leverage digital land to perform all kinds of simulations and test scenarios at minimal costs.
Buying virtual land could be a lucrative investment, although still quite risky. It’s even theoretically possible to generate income through rentals, should there be demand for it.
Crypto Valley: A Starting Point
The metaverse is becoming mainstream sooner than most people imagined. Many argue that it’s still early to consider taking part in it, comparing its current state to the early days of the internet.
Metaverser is offering a gateway for those wishing to step inside. It’s creating ripples in the industry. This open metaverse has utility for everyone, from gaming enthusiasts to business owners. Besides an immersive experience, it provides access to multiple revenue streams: P2E games, in-game mining, advertising, and commercial business investments.
Metaverser is introducing Crypto Valley, a new virtual real estate in Hombaba Island, to further enhance its scope. This campaign aims to onboard various businesses and strengthen digital collaborations.
Moreover, several eminent thought leaders in the crypto industry will explore Crypto Valley. The property will have twenty-four buildings total, including eighteen one-story, three two-story, and three three-story buildings.
Building owners can design the interiors to suit their tastes and needs. They can also place digital landmarks like logos and billboards to enhance their brand visibility. This is particularly significant for businesses purchasing property in Crypto Valley. They can offer the integrated and holistic experience that new-age consumers demand, ultimately boosting sales and brand value. Moreover, Metaverser offers the capability of connecting automated sales bots for maximum outreach and optimal conversions.
With a Look for the Long Term
There’s little doubt that the metaverse is here to stay for the greater good. But it’s still in the early stages of development. There’s much more to come in the future, and the journey is long.
Therefore, any investment in Metaverse-related opportunities should be done with this into consideration. Building new paradigms takes time if done well.
The demand has certainly expanded although the current market conditions definitely pose a challenge. This, in many people’s belief, can also provide an opportunity.