Itis no secret that the real estate market has now hit the roof, but technology is creating another little-known land rush. In fact, some investors are already parting with millions for virtual plots.
These plots are nothing close to the hyped ones at Beverly Hills or New York. Indeed, they do not physically exist on this planet. Rather, the land is located online, in virtual worlds that tech insiders have christened “Metaverse”. Land in the Metaverse can be as valuable as a plot of land in the real world.
More and more property owners are now diversifying into the virtual world. What makes this new investment so attractive is a matter to ponder.
Unlimited Supply
First, unlike in the real world, virtual property supply is unlimited. Owning virtual real estate means that one owns a unique plot of land in the Metaverse world. With this ownership, one can engage in income-generating property, for example, lease buildings or interactive venues that either charge admission or promote a brand.
Uniqueness
Secondly, each virtual land is entirely unique and is secured by a non-fungible token (NFT). The virtual real estate NFT guarantees property ownership. Consequently, a property owner can resell or transfer their property to another person. The good thing is that your virtual real estate NFT automatically records all transactions on the property hence eliminating the need for a title deed. Indeed, virtual real estate NFT can be considered the 21st-century digital deed.
Flexibility
The world of virtual land is governed by flexible rules that favor everyone. Typically, real estate in the real world is indirectly blanketed by old rules that favor the already wealthy individuals and where the value of a property is determined by its proximity and visibility. These aspects do not matter much in the virtual world because property owners can always teleport to new locations using Cartesian coordinates. The most significant aspect of the virtual world is the ingenuity and design as opposed to property location and budget.
Saving Time and Costs
Another reason inspiring property owners to invest in virtual land is the reduced costs and time spent on transactions. Enabled by technology, investors can locate and research the best markets for property, analyze their return on investment, and perform due diligence remotely. Moreover, virtual real estate potentially increases returns because the policies for buying or selling land eliminate the traditional barriers, thus allowing investors to select the best strategies and options to meet their unique goals and objectives.
Diversification
What’s more, diversification in the virtual world provides investors with a wide variety of investment opportunities. The idea is that virtual property owners can build up the property and generate returns by charging rental fees, selling it to other buyers, or building experiences and games that charge users a fee to access. People like celebrities can organize private parties and charge entry fees for those willing to join.
Virtual investment is the best choice for investors who wants to save time and money instead of attending open houses and touring properties. The cutting-edge, state-of-the-art technology equips virtual real estate investors with the necessary knowledge and tools to purchase and own residential investment property.
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Disclaimer: The content of this article is not investment advice and does not constitute an offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives and specific financial and fiscal circumstances.
Although the material contained in this article was prepared based on information from public and private sources that IXFI believes to be reliable, no representation, warranty or undertaking, stated or implied, is given as to the accuracy of the information contained herein, and IXFI expressly disclaims any liability for the accuracy and completeness of the information contained in this article.
Investment involves risk; any ideas or strategies discussed herein should therefore not be undertaken by any individual without prior consultation with a financial professional for the purpose of assessing whether the ideas or strategies that are discussed are suitable to you based on your own personal financial and fiscal objectives, needs and risk tolerance. IXFI expressly disclaims any liability or loss incurred by any person who acts on the information, ideas or strategies discussed herein.
