ScienceLovers - There is an extraordinary look at the virtual land sales figures in the metaverse sector, which is estimated to be data-dri...
Metaverse Virtual Land Sales Figures Double
Based on a report from News Bitcoin, Saturday (5/2/2022), metaverse analytics company, Metametric Solutions, revealed that the virtual land sales figure in the metaverse will reach a milestone of US $ 1 billion this year.
This means that this figure will be double the 2021 figure, which reached US$501 million, which came from sales on major platforms such as SandBox, Decentraland, Cryptovoxels and Somnium.
Of course, this is a positive picture from the company that this metaverse sector will continue to attract new interest and in greater value to a single digital asset of virtual land and buildings.
In addition, according to a report from Brandessence Market Research, the virtual land market in the metaverse is expected to grow at a compound annual rate of 31 percent from 2022 to 2028.
This is based on the level of people's belief that this sector will be a trillion-dollar opportunity. In fact, major banks such as Goldman Sachs and Morgan Stanley predict this sector will continue to grow to a value of US $ 8 trillion.
Not only that, Boss Apple Inc. Today, Tim Cook, too, sees that there is still a lot of potential in the metaverse and is interesting to invest in.
“The metaverse is a huge opportunity where cryptocurrencies will be used widely as a currency.. I believe this is a very big opportunity.. very big,” said Haim Israel, a strategist at Bank of America.
Of course, the virtual world will also need virtual money to carry out transactions in it. And crypto is the perfect answer to that because of its decentralized and transparent nature.
Crypto is able to minimize fraud in the virtual world because it can be easily tracked and identified. Whether it's cryptocurrencies or stablecoins, their role will certainly be sorely needed in the ever-expanding metaverse. Lets watch.
How to invest in Metaverse
Metaverse itself is predicted to be the next phase of the internet, where you will see the rapid development of virtual reality (VR), augmented reality (AR), and extended reality (XR) with the real world.
Simply put, the Metaverse is a collection of interconnected virtual worlds, where you can do anything in it, including investing even once.
Although the concept of Metaverse still seems new, many investors have started investing in this virtual world.
If you are interested in knowing more, here are four ways to invest in the Metaverse, as quoted from Cryptonews.
1. Metaverse Stock
One way to invest in Metaverse if you are interested is to buy Metaverse shares.
Metaverse shares are shares in public companies involved in the development of Metaverse, for example Facebook which has now changed its name to Meta.
In fact, the CEO of Meta, Mark Zuckerberg himself once said that his company wanted to be known as a Metaverse company, not social media.
The social media giant already owns an Oculus VR headset and recently launched its first smart glasses, teaming up with Ray-Ban to develop augmented reality (AR).
However, if you are not interested in investing in Meta, you can invest in shares of other companies that plan to contribute to the development of the Metaverse.
Such as Microsoft, Roblox, Amazon, Walt Disney, and so on.
2. Exchange Traded Fund (ETF) Mateverse
Another way to invest in Metaverse is to gain exposure to the growing Metaverse industry, by purchasing a Metaverse exchange traded fund (ETF).
ETFs are securities that are traded on an exchange like stocks.
The Metaverse stock ETF allows investors to invest in companies that created Metaverses or could potentially create Metaverses in the future.
For example, the Roundhill Ball Metaverse ETF (META) was created and allows investors to benefit from the Metaverse.
3. Virtual world tokens
Virtual world tokens are digital tokens associated with the virtual reality industry.
In the virtual world, users can use virtual world tokens to buy land and in-game collectibles, for example avatars.
One example of a virtual world token is the Metaverse Index (MVI) token which gives holders exposure to various tokens from crypto projects.
The crypto projects in question cover areas such as non-fungible tokens (NFT), virtual worlds, and online games.
Another example is the Decentraland token, a decentralized virtual reality platform that allows users to buy land, interact, and play games.
Decentraland is the largest virtual world in the NFT space, where the virtual land is represented on the Ethereum blockchain as an NFT known as LAND.
4. Non-Fungible Token (NFT) Metaverse
Non-fungible tokens (NFT) and other crypto assets will play a big role in the development of the Metaverse.
NFT itself is a digital asset that represents a variety of unique items, such as art, in-game items, and other collectable items.
Platforms like Decentraland and The Sandbox have allowed people to buy virtual plots of land and build their own neighborhoods using NFT.
Those are some ways to invest in Metaverse that you can try.
Are you also interested in investing in Metaverse?
