What is the Metaverse?
Defining the Metaverse
The metaverse is the next evolution in social connection and the successor to the mobile internet. Like the internet, the metaverse will help you connect with people when you aren’t physically in the same place and get us even closer to that feeling of being together in person.
The term ‘metaverse’ represents an immersive shared virtual space. The metaverse is a myriad of virtual worlds where users can access various fun, social, and interactive experiences and activities through an avatar.
Web3: The Foundation of the Metaverse
The metaverse’s emergence is closely linked to Web3, the next-generation internet. Web3 is decentralized and user-centric, giving priority to privacy, security, and data ownership. It enables seamless transactions and the creation of digital assets, which are crucial for the metaverse’s economy.
Key Features and Components
The metaverse is a complex digital ecosystem. Let’s focus on some key features:
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- Real-time Interactivity: Users can communicate, collaborate, and build relationships with others worldwide in real-time in The Landinfinity building communities and sharing experiences.
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- User Agency: Users have the power to create, customize, and control their digital identities and assets. With Landinfinity, you can easily customize your avatar to create your unique identity.
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- Digital Assets and the Virtual Economy: In the metaverse, users can buy, sell, and trade virtual goods and services using cryptocurrencies and digital payment methods. Visit The Landinfinity marketplace to check out the latest collections!
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- Security, Privacy, and Governance: To ensure a safe environment, the metaverse must prioritize security, privacy, and governance. This involves tools, policies, and regulations to protect user data, digital assets, and the overall integrity of the metaverse.
Real-World Examples and Use Cases
Although it is still developing, here are some real-world examples that highlight potential:
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- Retail and Commerce: Brands like Gucci and Adidas are hosting immersive shopping experiences with virtual fashion shows, showrooms, and stores.
Entertainment and Events: Virtual concerts, art exhibitions, and conferences can be attended from anywhere, featuring artists like Snoop Dogg, DeadMau5, Blondish
What is Metaverse Real Estate?
Real estate in the metaverse refers to land parcels and buildings in the virtual environment. The land in the Landinfinity is virtual, implying that it has no physical attributes. Land parcels in the Landinfinity are essentially pixels that act as programmable spaces in virtual reality platforms. These lands can be used to develop workplaces, playgrounds, and meeting rooms.
Investors can buy land plots from Landinfinity platform providing unique virtual environments. These platform provides various functions; hence, no one platform represents the metaverse in totality.
Why and How to Purchase Real Estate in Landinfinity?
Landinfinity real estate provides people with a place to connect with people located in distant locations across the globe. Developers can monetize their virtual properties to advertise services, host events, and provide unique visitor experiences. Similar to physical land, real estate properties can also be rented or leased. Hence, investing in Landinfinity real estate can be profitable for key players in the AEC industry.
In 2017, during Decentraland’s first LAND auction at the Terraform Event, a plot of land was sold at an average of $20. In 2021, the same parcels of land were sold for an average above $6,000. Further, the beginning of 2022 witnessed a boom in the metaverse real estate prices, with property costs rising to $15,000.
For land purchases in the Landinfinity, the investor must require a virtual wallet to make all transactions. MetaMask is one of the most trusted browser-based wallets for making digital transactions. The digital wallet will have to be filled with cryptocurrency since it is the virtual world’s currency. Investors can study the features of various metaverse platforms and compare them against each other before registering.
Following this, the investor can create a digital avatar of themselves and take a tutorial on the platform to get acquainted with its virtual environment. After this, the plot selection and buying process can begin. Purchasing a metaverse property involves a deed of ownership, a unique code on a blockchain. This code certifies the ownership rights over a piece of virtual land. The purchased plot can be used to develop a new building or a digital twin of physical space
Benefits of Investing in Landinfinity
The key benefit of Landinfinity is that it compensates for the lack of space in the physical world. For instance, employers can create conference rooms and event halls in the metaverse if an office lacks physical meeting spaces. Further, the metaverse provides a seamless collaboration experience that allows people living in different parts of the world to communicate with each other.
Project marketing and property showcase is other significant benefit of the Landinfinity in the real estate sector. Developers are creating immersive metaverse experiences for potential buyers to witness their “dream house” in virtual reality. Equipped with VR headsets and compatible smartphones, buyers can take virtual reality tours of various places worldwide.
Many countries such as Germany, Croatia, Hungary, Norway, Mauritius, Iceland, Spain Costa Rica have invested in virtual tourism with the aid of the metaverse. Tourists can look at the most popular public buildings, experience their charm, and indulge in regional activities by weaving VR headsets.
