TL; Breakdown of DR
- Metaverses are taking over the Internet as virtual land sales increase
- Virtual worlds are driving the NFT economy with massive sales in 2021
Metaverses are all the rage right now! The non-expendable tokens are making a big comeback again in 2021. It seems like everyone is realizing the massive potential of metaverses and wants to take advantage of the hype. From celebrities to technocrats, NFTs are the flavor of the season, as they sweep all known scenarios, from sports collecting to digital art.
“Long the metaverse” is the topic of the cryptographic universe right now.
While real estate is in a state of global weakness, the boom in virtual reality market growth is reaching massive proportions. Metaverse is attracting investments worth millions of dollars and taking advantage of relatively unknown scenarios. Although critics call the metaverse as mere futuristic dreams, the world is converging on the potential investor unlocked by the metaverse.
The basis of metaverses are non-fungible tokens (NFTs). They help achieve mass sales, transform conventional sales methods, and help connect with a wider digital audience base. Celebrities are discovering something new to reach their fans via NFT. They have aroused the interest of celebrities, sports stars and people of great net worth.
Explosion of growth? Metavers are cutting virtual real estate at breakneck speed
In the real world, real estate prices do not match the economic reality of the time. Hotels are empty and the office is available in bulk. All of these scenarios do not inspire investor confidence.
On the other hand, virtual terrestrial giants like Decentraland and Cryptovoxels are making incredible sales. Package rates have almost tripled compared to the 2020 price range. Operating with their currency and economy, these metaverses give a vision of the future.
From celebrities to people with high net worth, investors line up to get a piece of the virtual ground. Startups are cutting virtual hotels. Digital stores are selling like never before. The land plots in line exchange hands like crazy. It seems that cryptography enthusiasts don’t have enough of virtual land right now.
Understanding metaverses: shaping complete virtual experiences
Think of the metaverse as a successor to today’s Internet, but with rich virtual worlds and AI-driven interoperable possibilities integrated with the physical world. It’s too futuristic to fully understand, as the possibilities in tomorrow’s virtual worlds are endless.
The metaphors of the future have immense potential to build entire virtual economies full of leisure and innovation. They will touch on all aspects of human life, from large industries to small professions, and will even open up potentially new industries.
These are some of the main metaverses explained.
Cryptovoxels
Cryptovoxels, based on Ethereum, offers one of the most beautiful experiences in the world of virtual reality today. The project is massive, the community is diverse and the reach is amazing. Recently, the project has experienced massive growth driven by the sale of virtual land.
There are many aspects to Cryptovoxels, as the project offers a mix of virtual reality, real estate properties, cryptographic utilities and futuristic digitization. It offers an experience similar to Minecraft, but much better. Digital architects, artists, virtual land investors are piling up Cryptovoxels as an avenue full of talent. Speculators make the most of current metaverses and cryptocurrencies serve the community well.
Decentraland
The virtual world Decentraland was perhaps the first project that gave an insight into the upcoming rise of the virtual earth. Built on the Ethereum blockchain, this world of proof-of-concept offers an innovative experience. The platform has improved tremendously from its first version moving from 2D grids to an immersive 3D virtual world.
Fast forward to 2021, Decentraland is a virtual reality world fueled by blockchains, where users buy, sell, exchange land, collectibles and more. The native MANA cryptocurrency helps users complete their transactions. The landscape is full of all kinds of buildings, cities, highways, works of art, squares, etc. The experience is too massive to fully understand.
The next Earth
NextEarth is another promising virtual world. Here, users experience a complete virtual ecosystem full of a range of solutions. Metaverse innovation is massive here, from DeFi innovations to NFT collectibles and full-fledged economic construction.
Land ownership remains the central tenet of NextEarth. NextEarth’s critical vision is to simplify the sale and purchase of land around the planet. The project has unprecedented potential in terms of innovation and helps users gain advantages over peers. Early adopters will benefit from the metavers building from the outset.
Is it worth advertising virtual worlds?
FOMO drives the current VR hype? If the history of cryptography tells us anything, it is that you have to navigate carefully at every boom or you can burn your hands. Bot of all the projects out there will become a multimillion-dollar opportunity. Caution is the prerequisite for NFT investment in 2021.
Only the future can unfold the legitimate trajectory of metaverses. But for today, metaverses offer the perfect escape from reality.
Today, most of the famous virtual worlds are out of reach of newcomers. Of the three previous projects, only Next Earth can welcome beginners. It is still affordable, has adequate virtual plots and also promises excellent solutions. Therefore, it is possible that other virtual land trains have left the station, but Next Earth is still making reservations.