Virtual Real Estate As Income Source

[Shaf]

As we go more and more digital in everything we do, real estate is not something that's left behind.
You can now own land virtually which can be sold for a lot of profit.

Since Facebook announced it's interest in the metaverse, it has been gaining traction. It's not everyday a large company like this announces it's interest in something with the potential to change the world.
You can buy anything in the metaverse, but purchasing real estate is easier here than in real life because you don't have to deal with limitations like physically traveling to find a property, paperwork, agents and brokers. You also have more freedom to create whatever you want on the land you've purchased, be it a home, a hotel, a virtual shop, digital art gallery, event center or school.

Celebrities have also shown interest here, and Snoop Dogg purchased land in Sandbox, a metaverse to develop. This way, his fans can easily have access to him anywhere in the world.

 

[Mika]

Virtual real estate is a blockchain-based virtual world where you can buy properties, sell them later for higher profits, or even rent them out to earn rental income. What kind of properties you can buy depends on the platform you are using. Some virtual real estate is based on real-world space, where you can buy and sell properties in virtual spaces that are built on real-world cities. on some platforms, properties are completely virtual with no relation to real-world space. Can you profit by investing in virtual real estate? Well, the answer depends on a lot of things. Virtual real estate is actually built on NFTs and crypto tokens. First of all, if you buy crypto tokens with your real money (USD, for example), you will then have to buy properties with crypto tokens. The property you buy is an NFT. When you rent or sell you get paid in crypto tokens