Why I Decided to Buy Digital Land in The Metaverse!
I finally own digital land in the Metaverse, but I plan on flipping it in the future. My decision was primarily driven by Metaverse land possibly being the next big frontier in the NFT space, and if current patterns continue, many who purchased early may make be poised to profit. For Instance, look at those who got into other projects relatively early, such as Solana, Polygon, Crypto Punks and the Bored Ape Yacht Club.
With any new technological advances you have to think long term and about the big picture, and my bet is, in the future many people will most likely be ‘living’ in tiny apartments, and plugged into a virtual worlds for many hours. Living spaces are already becoming smaller and smaller across the World. Today, we also already have large amounts of people who spend several hours in virtual worlds daily, and those numbers will continue to increase. These two factors combined will help to propel the Metaverse.
To further make a point for adaptation, we have already had many popular artists perform concerts in the Metaverse, such as Justin Bieber, Travis Scott, the Weeknd and Ariana Grande. The number of artists performing in the Metaverse will continue to rise with the popularity of the space. Perhaps fashion companies will be next, and hold fashion shows in the metaverse. The possibilities are endless.
To profit in the Metaverse, there are many possibilities. One example is by buying digital land parcels, developing the land parcels, and then selling them for a profit.
Another example, is profiting from being a “virtual landlord.” For instance, say a high end retailer (like Nike, Gucci, Burberry or Louis Vuitton) wants to rent land from you. Or, another example may be someone who is living in a tiny apartment in New York City or Hong Kong but wants to escape their living conditions for a weekend. There are many utility cases.
Supply and demand will have a lot to do with profiting in the Metaverse, because there is fixed supply of virtual land. An NFT is only worth what someone else is willing to pay for it, and many NFTs have already sold for millions of dollars. In my opinion, it is worth learning more about.
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