In this article, we’ll take a look at some of the best metaverse real estate projects currently available, as well as some amazing upcoming projects, what features they offer, and how you can get involved in 2022.
Metaverse real estate projects are some of the best virtual reality experiences out there. From stunningly realistic graphics to expansive and detailed worlds, these projects offer something for everyone. Whether you’re looking for a place to call home in the metaverse or just want to explore some amazing virtual landscapes, or looking for a new way to make money online, these real estate projects are definitely worth checking out.
What Is Metaverse Real Estate?
Metaverse real estate refers to digital property that exists on a blockchain or in a virtual world. This type of real estate can take many different forms, such as virtual land, in-game assets, and even digital art. The most popular metaverse real estate are those created by companies like Upland, The Sandbox, and Decentraland.
These platforms allow users to access the metaverse and purchase virtual land, which they can then use for any purpose they see fit. Users can build homes, businesses, or anything else they can imagine on their land. Metaverse real estate can be bought and sold just like traditional real estate, and it can appreciate over time.
Why do People Invest in Metaverse Real Estate?
While some people may view metaverse real estate as a frivolous investment, others see it as a way to invest in the future of the internet. Investing in metaverse real estate is a speculative endeavor, but it could prove to be a wise investment if the metaverse becomes widely adopted.
Many experts and tech enthusiasts wonder if the metaverse will eventually replace the traditional internet, as it offers a more immersive and interactive experience. If this happens, those who own metaverse real estate could see their investment soar in value.
What Are the Best Metaverse Real Estate Projects?
Here are some of the best metaverse real estate projects currently available:
Upland is the epitome of metaverse real estate. Headquartered in Silicon Valley, Upland was initially founded by three entrepreneurs, namely Dirk Lueth, Mani Honigstein, and Idan Zuckerman.
Upland enables people to own property in the digital world with real-world value. It is based on the concept of Play, Earn and Connect. Players can earn revenue in various ways, from automatically collecting small taxes from your properties’ visitors to flipping properties for profit, or participating in events like Treasure Hunting, and all kinds of challenges.
The currency used within Upland is UPX, which can be used to purchase all sorts of in-game assets. Although UPX is not exactly a cryptocurrency, it is only usable within Upland.
To find out more, read our Upland guide.
2. The Sandbox
Launched in May 2012 and led by CEO Arthur Madrid, Sandbox is a valiant source through which individuals are making their way into the metaverse every day. If you’re looking to see just how resourceful metaverse real estate can be, Sandbox may be something worth checking out.
Sandbox has a handful of notable partners ranging from Snoop Dogg and Adidas to Samsung. This just goes to show that the entire project is massive and has several productive plans for oncoming times.
The primary motive of the project is to assist people in creating voxel-based worlds, trading NFT-based items, reserving land within the virtual world, and earning rewards by participating in different activities.
For more details, check out our complete Sandbox guide.
3. Next Earth
Founded by Co-Founder and CEO Gábor Rétfalvi, Next Earth was launched in 2021 to introduce a project that was valuable for the current world that we live in as well as the virtual world. It is easily one of the most promising environmental charity projects out there.
The project also caters to various NFTs, which are available for sale on the largest NFT marketplace of all time, OpenSea. Nextearth allows people to invest in the virtual world and introduce their businesses there as well. In this way, it’s an ideal project for entrepreneurs to look into. By making use of the immense power of NFTs, Nextearth seeks to introduce a way for people to deal in the trading of virtual land.
For more info, you can read our Next Earth ultimate guide.
Created by Argentinians Ari Meilich and Esteban Ordano and launched in 2017, Decentraland is one of the biggest metaverse real estate projects of all time. The project started in 2015 and has grown considerably since then. Decentraland also has its very own token, $MANA, which is available for purchase on most of the popular crypto exchanges, such as Binance.
MANA is used to buy land, avatars, or other digital assets within the world of Decentraland. Using the builder tool, the investors of Decentraland can also choose to create what they please. Afterward, they can sell their creations on the Decentraland itself and earn money from it.
With partners such as Sony and OpenSea on board, Somnium Space is acting out as one of the strongest metaverse real estate projects for the year 2022. The project was launched in 2018 and created by Artur Sychov, who is also the CEO of the project.
Somnium Space offers its users the chance to experience Virtual Reality through their platform. Not just that, Somnium Space is built on the Ethereum Network and lets users buy land and other in-game assets that have actual value. These assets can be converted or sold to other users.
Somnium Space is a public platform and can also be used to host concerts. You can also launch your very own business using the platform offered by Somnium Space.
To access this metaverse real estate, all you need to do is head on over to their site and create an account.
Created by Carmelo Milian in 2021, Polka City is a blockchain-based metaverse platform that allows people to purchase and invest in virtual assets, such as lands, NFT housing items, hotels, and other NFT-based items. This helps create a fun experience for investors who want to be part of a virtual city.
Polka City is similar to other metaverse real estate platforms, the main difference being that it adds GTA-like features. Working to ensure that people have an ecstatic virtual experience through the blockchain, PolkaCity is a project that is not to be undermined.
Some investors in Polka City have seen tremendous returns on their investment, where one of the record sales was a hotel that was sold for $370,000.
If you wish to purchase virtual lands on Polka City directly, you’ll need to use POLC, the native currency of the project. On the other hand, the virtual land or properties of Polka City can also be listed on OpenSea, where you can use Ethereum (ETH) as a mode of payment.
Created by Kieran Warwick, Illuvium is the ideal metaverse real estate for hardcore gamers. The project deals with all sorts of different intriguing creatures, all of which have an assigned value based on the features that they own. By delving into Illuvium, you can start your own journey to collect these creatures and then trade them with other players.
The game allows you to earn rewards by purchasing a minimum Tier 1 type of virtual land and participating in all kinds of missions and Illuvials battles. The Illuvium virtual land can also generate revenue and different types of resources that can be sold on the marketplace or used in the game.
For more information, you can read our ultimate Illuvium guide.
Developed by Antler Interactive, a Swedish gaming studio, MyNeighborAlice is an innovative metaverse play-to-earn game inspired by FarmVille and Animal Crossing, where players can communicate and interact with each other. This makes the gaming experience more fun.
The world of Alice consists of a lot of different islands. Each island is divided into different parcels of land, which people can buy and sell, and customize as they wish.
The project has its own currency, the Alice Token, which can be used to buy all sorts of in-game assets and virtual land parcels. These assets, along with the Alice token, highlight your level of governance within the project.
Upcoming Metaverse Real Estate Projects
Founded by Justin Pham, Ray Lu, and Shannon C, in 2021, Bit.Country is still in development, but highly promising based on how it plans to expand its virtual world. The idea behind launching the platform was to enable individuals to build their own virtual world content and experiences and share them with other members. A concept similar to The Sandbox and Decentraland, but with its own unique features.
The metaverse real estate project has not been unveiled fully, but you can still get early access. To do so, simply visit their official site, click on “Get Early Access,” and follow the steps ahead.
Developed by Bright Star Studios Limited, Ember Sword is a Massively Multiplayer Online Role-Playing Game. It’s also easily one of the most sought-after upcoming metaverse real estate projects of this year.
The project is based on an extensive game that rewards players with in-game assets as they soar through the nation of Thanabus and more.
What makes the project even special is how the supply of land is limited to the nations of Thanabus. For instance, Solarwood, one of the nations of Thanabus, will only consist of 40,000 plots. If you end up owning these lands, you’ll be entitled to receive a part of the profit that the estate of your plot earns.
The sales in Ember Wood include Plots, Settlements, Towns, and Cities, all of which have different values.
If you choose to enter Ember Sword now, you’ll be an early adopter and might be able to reap the awards offered to new users.
If you happened to know EVE Online, the biggest space MMO game, you might have some idea about what Star Atlas is. Yes, it’s a space MMO game, built on Solana blockchain, with amazing graphics and no doubt one of the most anticipated metaverse real estate projects of 2022-2023. Created by Mike Wagner and his team of over 150 members, Star Atlas is a grand strategy metaverse game where the story takes place in the year 2620.
The project emphasizes elements such as space exploration and territorial conquest, as well as a player-driven economy. Players will have the opportunity to own and trade NFT assets, such as ships of all kinds of sizes, collectibles, and structures, among other ways to generate revenue through the game.
To sum up, the metaverse real estate projects mentioned above are just some of the best ones available right now. Each project has its own unique features, so it really depends on what you’re looking for in a project. However, all of these projects have one thing in common: they offer a great way to invest in the future of the metaverse.