The future of life and investment Will you regret it if you do not buy land in the "Metaverse World"?
Although the "Metaverse World" is still a newborn, land buying and selling deals are relatively popular, especially after the technology giants announced their big investment plans to enter this field.
The entry of the social media giant Facebook, which changed its name to “Meta” recently, to the world of metaverses or the virtual world, a huge boost to this world, especially for virtual real estate deals that specialize in buying, selling and renting real estate and land on this parallel world that has already existed for years within games the video.
In a recently published report, Fortune magazine described this rush as a "billion-dollar opportunity", as many investors are seeking to invest in this digital field, and there are many people who are rushing to invest in the "world of metaverse" for fear of regretting the loss of the opportunity as It happened with them when they did not invest in cryptocurrency. The magazine likened it to the gold rush that prevailed in the United States in ancient times.
And the fact that the “world of metaverses” is still virgin until today, because the tech giants are still preparing to enter this world strongly, which means that there is still room for everyone now. But before you decide to buy, let us tell you about the "world of metaverse", and how to make purchase and sale deals, in addition to the fierce competition between America and China in this field.
What is meant by "the world of metaphysics"?
Whoever watched the movie (Ready Player One), which takes place in the year 2045, where people at that time use a program called “Oasis” to enter a virtual world to escape their real world full of tragedies, it will be easy for him to understand the “world of metaverses” that is very close to The world of the movie based on virtual reality simulation.
The term "metaverse" is divided into two parts, the first is "meta", which means beyond, and "verse", which is an abbreviation of the English word (universe), which means the universe, so that its total meaning is "beyond the universe".
While the term refers to future versions of the Internet world consisting of 3D spaces that are decentralized, permanently connected, and operate in real time just like reality, which can be accessed through virtual or augmented reality glasses, mobiles, desktops and gaming platforms.
Many applications related to the "world of metaverse" are being developed daily, as these applications and technologies allow the user to have any experience or activity and he will be able to deal with any matter he needs from one place, including his personality and personal identity, purchases and sales, and other things that We actually do it.
Buying land on "Metaverse"
Media reports revealed the sale of real estate and land within the "Metaverse World" with values exceeding hundreds of thousands of dollars, and at a price per square meter that sometimes exceeded 4 thousand dollars. Meanwhile, a company called "Metaverse" of Tokens.com announced its purchase earlier of a plot of land across the virtual world called (Decentraland) for $2.4 million, which was paid with the cryptocurrency (MANA).
Thus, the investment fever has moved from cryptocurrencies to virtual reality lands and real estate, as investors are flocking to buy land on the "Metaverse World", which they see as a basic nucleus for building games and virtual reality applications.
To purchase a property in the Metaverse World, all you need is to register with one of the Metaverse platforms, Decentraland, Sandbox and many more. To complete the process of real estate assets, blockchain technologies are used to sell land and other items in the form of non-fungible tokens (NFTs) as a type of crypto-asset, which is the “technological standard for unique digital assets, such as real estate and virtual homes.”
To this day, buying, selling and even renting is done through digital currencies only, but that does not mean that we will not see the sale of these lands in traditional fiat currencies.
China competes in "Metaverse"
In conjunction with Facebook changing the name of its group to “Meta” and announcing that its commercial focus is now directed to its new projects on virtual reality technology or “The World of Metaverse”, the Chinese information company “Baidu” launched during a conference held via the new technology in the presence of the company’s president Robin Lee and a representative audience With their "digital" personalities, its first application for "Metaverse", experts expect that this virtual world will have great leaps in the future for the development of the Internet in general.
It is reported that Baidu, nicknamed "Google of China", was working on its project for the virtual world, which it called "Shirang", which means the land of hope, which is currently available in China only and allows its users to create a digital character (avatar) and interact with other users in a three-dimensional world, before A long period of spread of the term "Metaverse" last October, after Facebook's decision to change the name of its group to "Meta".
Similar to Baidu, Chinese digital giants intend to break into the “world of metaverse” from its widest doors, especially since Bitdance, the owner of the Tik Tok application, has invested in many companies in this sector, including Beko. Manufacturer of virtual reality helmets.
In a related context, Tencent said that it is "in the process of developing its own Metaverse platform, backed by its extensive experience in developing video games." Meanwhile, the Chinese e-commerce giant "Ali Baba" established a subsidiary company to study the various investment opportunities offered by "Metaverse World".