How to Buy Land in The Metaverse [2022] + 7 Buying Platforms

With Metaverse land prices rising day by day, most people are wondering how to buy land in the Metaverse. Stay tuned for the precise guide to do that.

Metaverse is a digital reality to shop, play, watch, buy, sell and do whatever we do in this mortal physical world.

Only that metaverse happens on computer servers, such as social media.

But while social media is limited to sharing text, images, and video, the metaverse is completely virtual life.

You live as an avatar in the metaverse, live a virtual life, hang out with other virtual people, enjoy live performances, do business and whatever.

Brands have started to take this seriously. Some, like Samsung, are opening metaverse exhibition centers, while others, like McDonald’s, are filing trademarks for virtual restaurants that will deliver food to this real world.

And there’s a lot on the board with the top metaverse companies and metaverse cryptocurrencies.

But we remain focused on just one aspect:

Metaverse investments

Let’s start with a formal warning: (Metaverse) Investments are risky

But yes, any investment is.

It’s the same as 10 years ago with Bitcoin. People laughed at computer coins and ridiculed them as investment opportunities.

With Bitcoin’s value skyrocketing, it’s not wrong to say there are jokes about it.

Metaverse land parcels can repeat that history. In any case, the past few years have been proof of this.

Let’s see one transaction history of a Decentraland land parcel listed on Opensea

Token Details: 187155…First sale Second saleThird sale Transaction amount: $4,684.46 $9,687.84 $11,272.12 Date: June 20, 2021 April 7, 2022 April 10, 2022

As was clear, the first transaction in less than a year yielded more than 100% profit for the owner. And the second returned over 16% in a matter of three days.

But it can be an exception. So take a look at another:

Token Details: 51042…First saleSecond saleThird saleFourth saleTransaction amount:$832.46$14,184.93$12,320.53$12,669.77 Date: April 12, 2019 January 10, 2022 April 4, 2022 April 9, 2022

Do not get me wrong.

The goal isn’t to push you into a frenzied buying frenzy of lots of land in the metaverse. In addition, you can see the loss in the third sale and only the marginal gain in the fourth. But again, the lot also gave a monstrous 1600% return to its first owner over the course of three years.

Likewise, there are many more trades that bring lucrative profits to their investors, with many loss-making entries.

And it would help to know that metaverse investments operate on the same supply and demand principles. For example, the metaverse project where you buy land may not attract visitors, leaving your investment in the dust. Alternatively, it can also help you make a fortune in a short amount of time.

But we are not financial advisors. Instead, this article is about investing (buying land) in the metaverse, only if that’s what you want to do in the first place.

How metaverse investments work

Technically, metaverse land plots are non-fungible tokens.

When you buy an NFT that specifies a specific plot in a particular metaverse, it stays on the respective blockchain. You can view the history associated with each entitlement from the beginning.

So buying land in a metaverse basically has these five steps:

Selecting the MetaverseChoosing the Land PlotCreating a Relevant Crypto WalletMaking the PurchaseVerifying Transactions on Blockchain

Let’s break down the mentioned process for a specific parcel on Decentraland:

This is listed on a well-known NFT marketplace, Opensea.

Since the price is in Ethereum (2.99 ETH), you need to create a compatible wallet.

A good choice is Metamask if you are okay with warm wallets.

Hot Wallets are generally free, but are a piece of software that resides on your local computer. They are more susceptible to cyber attacks than hardware wallets that only connect during transactions.

After that, you need to load the wallet with the required transaction amount plus some extra to cover the transaction costs.

Depending on the wallet, there may be a built-in exchange like with the Trust wallet or Coinbase wallet. Or you can buy it on any exchange and then transfer it to your wallet address.

Then click Buy now and will be prompted to connect your wallet to the marketplace:

From here on, the process depends on the wallet at hand. But you’ll be fine if you can follow the on-screen prompts.

Based on the transaction costs and network conditions, the transaction will be completed in due course. Finally, you can validate the transaction and ownership on the respective blockchain.

Now that you know the general process, let’s move on to some platforms to buy metavers land.

open sea

open sea is a total solution to trade assets in multiple metaverses.

Just select the virtual world of your choice, select the package and proceed with the purchase. You should also click this redirection sign to check the details on the actual metaverse marketplace before buying:

In short, Opensea makes it easy for you by putting everything on one website.

In addition, with your credit card you can buy directly for specific cryptocurrency in Opensea without having to buy it on an exchange and then transfer it.

Decentralland

Decentralland is a top-rated metavers project. The native cryptocurrency MANA consistently tops the list of metaverse coins.

Decentraland supports login via Metamask wallet and purchases with MANA.

MANA is available on major crypto exchange platforms including Coinbase, Binance, Huobi, etc. So you need to buy MANA on any of these available platforms and send it to Metamask. Plus, you need some ETH to pay transaction fees.

Finally, you can select the lot and click on buy or place a bid. Bidding allows you to bid any prize you see fit with an expiration date, and leave it up to the owner to accept or pass.

The sandpit

The sandpit is second in line after Decentraland for the best metaverse projects to purchase land.

Sandbox allows you to sign up with several options such as Metamask, Coinbase, and Bitski. In addition, you can log in via Facebook, Google and Twitter to use the Vinyl wallet for registration.

The method of buying real estate in The Sandbox is similar to Decentraland. And similarly, you need to have its own crypto, SAND and some ETH to make the purchase.

After loading your crypto wallet with SAND, you can browse the LANDS sections under the MARKET tab to select your pick.

After that, it’s a few clicks, including tapping Buy Now and signing the transaction in your wallet.

Somnium space

Somnium space is a relatively new metaverse that transacts its market through Opensea. What makes it different is that it is compatible with virtual reality while most of its established rivals are not.

You have to connect it to Metamask and buy the package of your choice with ETH.

CryptoVoxels

CryptoVoxels is another Ethereum-based metaverse in the list of virtual worlds. It supports login with Metamask, Coinbase, Torus Wallet and Wallet Connect.

One can either buy from the official website or check out the same at Opensea with the links given with each pack.

highland

highland is still a new metaverse with affordable land prices that won’t run you thousands of dollars. This is different because each property is associated with a real address.

Another difference is the signup process that does not ask for a crypto wallet. Instead, you enter by creating an account with your email address and password.

The Upland registration gives you 4,550 in UPX, their native currency. In addition, you will receive the Visitor tag with a seven-day visa. You can extend the visa by logging in when it expires with a grace period of one day. Failure to do so will send your UPX back and you will have to start over.

Buying property in Upland requires a higher status of an Uplander. This means holdings of 10,000 UPX, which can be purchased within the platform with Paypal or crypto.

Once you reach that milestone, scroll through the cards, select the property and follow the on-screen instructions.

In addition, all Uplanders have their assets on the blockchain, which guarantees immutability.

ERTHA

ERTHA is a life simulation metaverse that has divided the planet into hexagons of land plots for sale. Each ERTHA plot is hosted on Binance Smart Chain and is unique in its resources and location.

Buying land in this metaverse is very similar to what we’ve discussed so far. The first step is to select the specific hexagon and press . to click ADD TO BASKET† Then select the available options (BNB, USDT, etc.) to open the Metamask to complete the transaction.

You can also copy the payment address, transfer the amount and wait for confirmation.

Conclusion

This was a very short list and there are many more metaverse land projects to invest in. As mentioned before, metaverse investments are more risky due to the crypto volatility and also depends on the success rate of the project.

As an aside, you can check out these platforms to sell your NFTs.

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