How to Buy Virtual Land For Beginners (Step-by-Step)

guys so in this video we are going to go over step by step how you can invest in metaverse real estate this is going to be a completely free course we're going to go through everything you need to know to get started today and i'll be taking you guys through some platforms and showing you how you can actually buy this type of real estate without further ado let's get started so here's an overview of what we are going to cover in the course so feel free to pause the video and then take a look at everything that's going to be covered because we're going to go through a lot of stuff so yeah how do you invest in metaverse real estate aka virtual land before we get into that i'm going to go over what metaverse real estate actually is right so the concept of the metaverse is very broad but to simplify it's basically virtual reality mixed with blockchain technology mad versus real estate opens the door to having an entire world that is virtual where you can play video games and connect with friends experience events and concerts as if you were there in person and then pretty much everything else you would do in the real world except you're able to do it in your room through blockchain technology so yeah pretty abstract but you know this can open up a lot of doors to a lot of new technologies as well as opportunities to make money in the future so here is a little bit more data on the metaverse real estate industry so far first off there were 133 000 transactions and sales surpassed 500 million dollars last year there's also going to be over 34 million vr headsets installed worldwide by 2024 so there is definitely a very positive outlook on the members industry as a whole and yeah the whole industry is very big it's only going to keep growing from here so like always it's good to be skeptical and look at the risks when it comes to any investment and it's no different with metaverse real estate so in the digital real estate market your land could become worthless because of a lack of demand let's say that you bought land on a platform where there weren't many other people or even worse let's say the members platform was a complete failure in that case it actually make your land worth less or even worse nothing at all because yes the platform could go under and unlike traditional land where you know you can live there like actually in real life with the metaverse it's all digital so you know the only worth is if other people you know want to buy it or if there are any use cases associated with that land and also there's the obvious risk with the fact that the maverse is relatively new because not many people know about it yet it also relies on the prices of cryptocurrencies to holds value meaning that if the price of a crypto goes down the value of your real estate will also likely go down as well so with all these risks in mind it's really important for you to do your own due diligence and i always recommend for everyone looking to get into investments whether it be stocks crypto and ft's real estate or anything do your own research and make your own decisions on whether or not you want to invest don't just invest because other people are doing so so now that we've gone over the risks what are the possibilities right so if you think about all the capabilities of virtual reality the possibilities are really endless you can buy you can invest you can develop land right now but in the future we'll have access to increased productivity global events and a new monetization system for artists in terms of real estate there is so much money that can be made in the long term and so much opportunity for creative inventions and if we zoom out even further we'll see that the metaverse will allow everyone to interact with each other at a much larger scale than we can right now so imagine being able to attend a concert with a friend that's across the world from the comfort of your living room or have an international meeting with shareholders for your company in the metaverse a ton of communication actually comes from body language and real-time responses and with the metaverse we can now have access to improved communication so what's the hype behind the memverse real estate besides all the uh possibilities that i just mentioned well like i said in the beginning the metaverse industry is projected to grow over 900 billion dollars in the next 10 years which of course is a lot of upside and can present a pretty good opportunity for people that want to invest early like right now so right now big companies like microsoft nvidia and meta they are working extremely hard to make the metaverse the new wave of social media and because people are starting to realize that we've seen a massive increase in money flowing into the industry from both investors as well as developers so even though there are tons of risks with investing in members real estate there's also a ton of hype and excitement and rightfully so so now that we understand the hype you're probably asking like why should i invest in metaverse real estate well there are two main reasons why you would want to invest so the first being if you want to buy land and use it and second is if you want to invest in land to sell it or rent it out there are tons of reasons why you'd want to buy but to simplify you'd want to buy land in hopes of being able to use it as a place to do work or business this is something that companies business owners and artists will gravitate towards because they'll be able to showcase their work collaborate they'll be able to go to meetings and events and much more investing on the other hand would probably apply to most of you guys watching this video because you'd invest the same way you'd invest in real estate today meaning you can flip it you can wait for the land to appreciate or you can rent it out to people who want to use your land i'd say that investing is a little riskier than the first option because there's no guarantee that your land is going to go up in value but if you want to buy it for the purpose of using it you'd most likely get what you wanted out of your investment so then what are the options right now well just like how there are various social media platforms like tik tok youtube instagram and snapchat it's speculated that there will also be many various metaverse platforms each of these platforms will probably specialize in a specific niche in the market just like the platforms we have today right like tick tock specializes in short form content youtube has more long-term content and then instagram and snapchat they are more for like quick stories and pictures so then let's actually get into what platforms are out there right now the two biggest players in the market right now are going to be sandbox and decentraland and just like i mentioned earlier each platform will most likely specialize in a niche so i'm actually going to dive into each of these platforms to give you guys some more information first up we have sandbox and sandbox is a decentralized gaming platform that's built on ethereum which as you can probably guess heavily focuses on the gaming aspect of virtual reality this one is probably the most popular platform out there because the market for metaverse gaming is growing really really fast and if you guys have ever seen the movie ready player one i think sandbox is definitely headed towards that direction people can buy plots of real estate called land using their native cryptocurrency sand and afterwards they can build and sell creations on the marketplace you can host events uh you can rent out your land you can buy and sell digital assets and i don't doubt that in the future we'll likely be able to do so much more in sandbox for example playing massive multiplayer games with millions of other people through vr they're currently number one in the market uh and they own about 62 percent of total metaverse real estate the land's definitely not cheap right as of right now uh it costs between eleven thousand dollars for an average plot of land all the way up to like thirty thousand dollars for a more premium piece they're also partnered with known celebrities and brands like snoop dogg atari square enix and more so yeah they just have a lot going for them if you guys do want to invest you'll want to get some ethereum to cover the blockchain gas fees and then from there you're going to either buy land on their official websites or through online marketplaces like openc and wearable and then next we have the central land which mainly focuses on the business content and event aspect of vr the central land was the first blockchain metaverse created and it really rose in popularity because unlike traditional online spaces people have complete control and freedom to do whatever they want with their own digital assets on the metaverse facebook instagram and other platforms can remove delete and hide tons of content on their platforms but with the centralized platforms like the central land and sandbox your content can't be tampered with unless you approve of it now to invest on the central land you're gonna need their cryptocurrency m-a-n-a mana and with that you can actually buy and sell goods you can vote on how the world is built you can create content experience content and even monetize content all you need to do is to purchase land directly through the central land marketplace or through openc and next we have three other platforms that you guys can look into if you want alternatives and it's going to be somnium space crypto voxels and axi infinity and right now we're going to get into a little bit more detail on each of these platforms so sonium space is a blockchain based metaverse built entirely by the players so you can create experience and monetize and trade digital assets the platform uses cube as their native in-game token that you can use for transactions and ownership of land and assets are recorded on the ethereum and solana blockchains where parcels on average sell for about 11 500 as of right now if that's too expensive you guys can actually invest in smaller parcels that normally sell for around two to four thousand dollars so yeah it's not like the cheapest thing in the world but in the future you know it's possible that they are going to be worth more to invest all you need is an ethereum wallet so you can hold buy and sell these land parcels on the open sea marketplace next we have cryptovoxels which is another popular platform that's considered the minecraft of vr because you use blocks to build land it's a user-owned virtual world that's powered by the ethereum blockchain and it's pretty similar to all of the other platforms out there that allow you to build sell or rent out your land now their native currency is going to be called a colr token which can be used to add colors and elements to your creations one personal land sells for an average of five thousand dollars per lot and if you want to invest you can do so through the open sea marketplace using ethereum to buy and sell and then we have axe infinity which is basically like the game pokemon except with nfts for pets on the ethereum blockchain in axe infinity you collect and mint digital pet nfts that you can use to battle against other pets for in-game currency when you get pets you can use plots of land in order to store and give bonuses to your axes so if you're interested in investing in axi infinity land you can do so through their marketplace using uh the ethereum cryptocurrency there are four different types of land that can give powerful bonuses to your pets so you have common rare epic and mystic so yeah this one's a little bit different than some of the other metaverses but i think it still has a lot of potential so investing in metaverse real estate works pretty much the exact same way as buying an nft first you want to set up a digital wallet and the most common one is going to be metamask i'll actually show you guys how to set one up in a little bit then you're gonna need to buy the cryptocurrency that you need and send it to your wallet most platforms are gonna be built on ethereum blockchain but uh you'll wanna make sure that you have the correct currency depending on the platform once you have the currency in your wallet you then connect it to the platform or website and then from there you can actually purchase the land one thing you want to make sure of is getting extra currency to cover the gas fees when making transactions yeah that's something that a lot of people forget about but yeah make sure you have extra for those gas fees now if you don't want to actually directly invest in metaverse real estate there are three other methods to making money in the metaverse industry the first is through medivh stocks like meta nvidia microsoft and nike who are currently making developments or partnering with the metaverse so obviously if the metaverse and that metaverse real estate takes off then these companies are going to benefit and their share prices will benefit as well this method is good for people that believe in the metaverse and just want to dollar cost average into stocks so that they can get exposure to the industry without having to you know actually go through all the steps of buying land then there's also the alternative of just investing in the cryptocurrencies that the members platforms use and i'll say that the number one cryptocurrency to invest in for the metaverse in general is going to be eth or ethereum because as you guys saw most platforms are built on the ethereum blockchain so as more platforms develop within ethereum there's going to be an increase in demand which will drive up the value of that coin there are also native coins like sand and mana that will also increase in value as demand increases and then you also have investing through metaverse etfs so this applies to etfs that are also focused on the tech and software space but two etfs that are currently tracking the industry specifically are the round hill ball metaverse etf and the evolve metaverse etf so who's actually invested in metaverse real estate we have big companies like jpmorgan coca-cola nike samsung microsoft and disney these are just a few of the big names that have started to get involved in the metaverse real estate industry and they're like creating products and helping to further develop the space and then you also have celebrities that are taking part in the industry like steve aoki snoop dogg paris hilton jake paul shawn mendes lady gaga and yeah they're basically just buying land partnering with people in the space and creating more excitement for the metaverse so now let's go over how you can actually invest in melaverse real estate and the first platform we'll cover is sandbox so the first step is of course buying kryptos and with sandbox you're going to be wanting to buy ethereum and all these steps i'm going to go through right now are also going to apply for the central land but yeah right now i have gemini opened up this is an exchange that allows you to buy crypto and it's probably one of the best ones that you guys can use so i'm going to put a link down in the description below you guys will get 25 of free bitcoin when you use that link sign up and make your first deposit of a hundred dollars or more so i'm gonna come here down to ether and i'm gonna click this and what you're gonna do is you're gonna come here to buy uh how often once since we're just buying it once and then you will buy however much ether you want to buy so in this case i'll say 100 and i'll click continue it's going to have you select your payment method so in this case let's say i want to use my wells fargo checking account i'll click that and then i'm going to confirm from there i'm going to come here to transfer and i'm going to go to withdraw from gemini and here i'm going to select the currency that i want to withdraw so it's going to be eat i'll click continue here and here i'm going to actually enter in the ethereum address on my metamask account so if you guys haven't yet created a meta mask account you'll go to metamask.io you'll click download now and this is actually an extension i have here for chrome so i'll open that right here you can see that this is my account i'm not going to take you guys through the exact steps for setting up your metamask account but you guys can look up any tutorial on youtube to do that but what i'm going to do here is i'm going to click my ethereum address here it's going to copy it from here i'm going to actually paste that right here i'm going to click continue i'll say yes i want to proceed and then i'm going to enter in the amount of if so i can click max if i want to send everything i have i'll click continue and then i'll click request withdrawal and that's going to send that to my metamask account which is going to be required if you do want to buy things on sandbox and the central land so now i'm here in the sandbox so it's a sandbox.game and what i'm going to do is i'm going to come here to market i'm going to scroll all the way down here to uh nft type so i'm going to click on lands and these are going to be all the nft lands on openc what you'll do is you'll make an account here and then you'll also connect your metamask wallet to your sandbox account so this can be all your land you can see that right now there are 3408 results so let's say i want to take a look at this one and it's selling for 1.33 eve it's going to redirect me to openc and you see right now the highest offer is one point three so about twenty four hundred dollars here's gonna be a description you can look at the stats any more details about this land you can see the item activity over here and also you can see more from this collection if you come up here and you want to actually buy this one you can click make offer it's going to have you connect your wallet so i'm going to click meta mask i'll click next and i'm going to click connect so now it's going to show my total bounce right here and i'll come back down here i'll click make an offer i'm gonna put the offer amounts i'll set the offer expiration so standard is three days but i can choose whatever i want i'll agree to the terms of service and then i'll click make offer i forgot to mention that you're gonna want to use wrapped eath right so this is uh what they use on openc and if you don't know what that is it's just used to buy and sell with auctions on openc and you can easily exchange eth 4w eth on the openc platform all you have to do is go to your wallet and then click wrap and that's going to convert those tokens over to weth yeah that's basically how you buy on sandbox it's quite similar with the central land so i'm at the centerland.org i'm gonna come here to marketplace i'll click start browsing right here i'm gonna go to land and then this is all the land that i can actually buy so let's click on a random one let's say this one you can see the price is 13888 mana you can look at the latest sales here you can see any highlights about this piece of land if you actually want to jump and then check it out you can click this but i'm not going to do that for this video yeah if you want to pay this price you can click buy or you can also bid on it but i'll show you what this looks like i'll click buy i'm going to need to sign in i'll click connect right here with my metamask wallet i'll select the account so connecting this one right now i don't have any mana so i'm actually going to show you guys how to convert it so you'll click on your metamask extension you're going to click click swap right here you're going to swap from so i have if only and um let's say i want to do one eath right i'm gonna swap that to mana so i'm gonna go all the way down here to mana i'm gonna click review swap and here's gonna tell you your gas fee and then if you want to actually go through with it you're going to click swap i'm not gonna actually do that right now because i'm not trying to buy any land right now so i'm gonna cancel out of this but that's basically how you buy land on decentraland so now let's go over a recap of everything that we learned about how to invest in metaverse real estate when you guys remember that investing in metaverse real estate is very risky it's just like investing into cryptocurrencies and nfts and the industry is barely at the beginning stages of development and the market is mostly deregulated so you know if anything goes wrong you probably won't be protected there are plenty of rug pulls scams and ways to lose money in cryptocurrencies and nfts so you need to do your own research prior to investing so that you can be confident in your investment once you guys assess the risks you'll want to decide how you want to invest whether it be to buy and actually use it or buy it to sell it because this is going to affect how you do your research and what types of land that you buy there are also alternatives that you guys should consider that are relatively safer than investing directly in the metaverse real estate stuff such as stocks that were involved in the metaverse or cryptocurrencies that are being used in the space next you're going to want to choose a platform which will vary depending on what sector you want to focus on and whether or not you think the platform will be able to grow and yeah overall there are some really big players in the metaverse like meta microsoft and nvidia that are working towards creating the next generation of the internet and if they succeed the metaverse will become just as important to business and society as the internet is right now i also showed you guys how to actually invest in the sandbox and decentraland how to connect your metamask wallet and you know buy cryptocurrencies on gemini and then sending that over to your metamask wallet so hopefully you guys are a little bit more familiar with all those platforms okay so here are my final thoughts is it risky yes definitely but would it be a bad idea to invest maybe not because uh big players and entrepreneurs like uh microsoft samsung you know mark zuckerberg nvidia and more they're entering to the space and you know maybe they're seeing something in the mirror that the majority of people don't see just yet i know that there are a lot of people out there that think this whole virtual reality stuff is sort of like a trend and that's going to die out but i do think that because a bunch of big companies and business owners with billions of dollars are trying to get into the industry there is a very good chance that they'll be able to make a big impact there's so many opportunities that the digital world gives us in business art and creatives as well as in entrepreneurship and i can only see the excitement and anticipation increasing over time of course doesn't mean that there are going to not be any like bumps in the road i definitely think that there are going to be but it really does come down to your risk tolerance i think that as retail investors we don't have as much access to knowledge compared to these billionaires or companies that have tons of connections experience and insider knowledge so i always like to just say you know do as much research as you can don't invest anything that you can't afford to lose and yeah overall metaverse real estate it's still far from its potential but chances are the future metaverse will be able to replicate anything we do in the real world so if you do want to invest i think there is potential for some huge gains that's it for this video i hope that if you are a beginner to metaverse real estate this sort of enlightened you and give you some more information to play with of course you're going to want to do a lot more research if you actually plan on investing yeah this is more just like an overview of what there is in the metaverse real estate industry i hope you guys enjoyed the video and if you did make sure to first you know share it with a friend and also like and subscribe for more videos just like this i make content about personal finance investing in entrepreneurship thanks so much for your time and i'll see you in the next video peace [Music] you

Channel: Charlie Chang

Views: 9,009

Keywords: metaverse, how to invest in metaverse land, how to invest in metaverse real estate, 2022, nft land, how to decentraland, how to nft land, how to buy nft land, how to buy metaverse land, how to invest in crypto land, metaverse real estate investing, investing metaverse, beginners guide to metaverse, best way to buy metaverse land, best way to buy metaverse real estate, metaverse land, virtual real estate, how to buy virtual real estate

Id: EiE8f_dFcTk

Length: 20min 41sec (1241 seconds)

Published: Fri Jul 15 2022