Buying real estate doesn’t have to be as tedious as it has been in the past. It is possible to buy real estate digitally from the metaverse at a lower price than if you were buying it in the real-world.
Additionally, some metaverses may also be offering tokenized fractional shares of real estate properties. You can thus own a small piece of real-world property for just a fraction the cost.
The following article will discuss the top real estate metaverses you should be looking out for in 2022. While certain projects are intended to transfer real-world assets onto blockchains, some others will be able to tap into metaverse-based realty projects.
Here are five of the best real-estate metaverses for 2022
- Real Estate Investment Club – This is the best metaverse to help real estate entrepreneurs
- Decentraland – The world’s most popular real estate metaverse
- Somnium Space – A social VR world with a complete economy
- Next Earth – A true land ownership platform in the metaverse
- Upland – A virtual property strategy game that is mapped onto the real world
Take a closer look at five of the most important real estate metaverses you should be looking out for in 2022
1. Real Estate Investment Club
Real Estate Investment Club is an initiative to close the gap between real estate and the metaverse. It is a metaverse project designed to be the “go-to” place for everyone interested in real estate investing – inside or outside the metaverse. Additionally, the community will be an exclusive place where members can discuss and exchange information about real estate investing, cryptography, and NFTs.
The REIC NFT Collection was created by the same creator who designed Grand Theft Auto, Red Dead Redemption and Red Dead Redemption. It is highly refined and very desirable.
NFTs are your avatar for the REIC metaverse MetaCity. REIC intends MetaCity to be the central hub of Metaverse-as-a-Service projects, creating a fully-fledged economy from which REIC members can profit. Players can also monetize assets or services within the metaverse for an extra income stream.
NFT holders can enjoy the following benefits:
- Metaverse Access – Exclusive access to the REIC – MetaCity and the REIC HQ.
- Real-world events – The team intends to host private real-world events in premium locations, the first being Edinburgh.
- Education – REIC – MetaCity will provide education for real estate, blockchain, crypto, and NFTs.
- Entertainment – Network and socialize with community members through the Web3 platform and the metaverse.
REICHQ, which is the REIC group’s flagship product, can be found at the heart of the metaverse. A group of architects and developers designed this building. REICHQ will host meetups as well as education services. REIC members will have access to top industry professionals for mentorship and future investing opportunities.
Unreal Engine 5 (a highly-regarded gaming engine which creates top-tier games like Fortnite or Gears of War) is used to build the REIC metaverse. MetaCity with Unreal Engine 5 will have a rich metaverse featuring battle-tested mechanics, lifelike animations and detailed game play. You can see the video in this link.
REIC… 🛩#NFT #NFTS pic.twitter.com/7w9Ib7xEwT
— Real Estate Investment Club (@REIC_io) July 25, 2022
Apart from access to the metaverse and other benefits, REIC NFTs are also a great way to get additional perks. One of the best perks is that it allows you to access the Digital Asset Property Group (DAPG) – a tokenized real estate investment platform.
REIC is a pioneer in bringing real-estate investments onto the blockchain. REIC believes that tokenization of a substantial portion of real estate will be possible, and fractional ownership on the blockchain. REIC is aiming to create the infrastructure necessary to realize this vision.
NFT holders also get into these giveaways
- REIC merchandise giveaways
- Advice and consulting from the industry’s top executives
- Webinar/Seminar access
- Luxury holiday locations
- Watches and cars are luxury items.
- Charitable donations
- Ethereum: First downpayment of real estate
Real Estate Investment Club provides a great metaverse to anyone looking for more information in the industry. In September 2022, the NFTs will be issued.
Visit the REAL ESTATE INVESTOR CLUB TODAY
2. Decentraland
A metaverse real estate list would not be complete without mentioning Decentraland – one of the industry’s most popular real estate metaverses.
Decentraland was founded in 2017 and has gained almost 300,000 active monthly users since its inception – making it one of the most populated metaverses in the crypto industry.
This is a virtual world in which users can explore and own their metaverse. Any web browser can open the 3D metaverse. While a VR headset isn’t required, it can provide an immersive experience.
The player creates their avatars to be able to explore Decentraland.
You can buy Land parcels from the metaverse, which is an enormous map. After a player has purchased a parcel of land they have the right to construct any kind of real estate they wish. Decentraland Builder SDK allows players to design structures inside the game.
The land can accommodate any kind of construction that players can think up, even if it is not related to the following:
- Galeries of art
- Language schools
- Find a spot to hang out
- Casinos
- Gaming rooms
- Hotels
- Events (e.g. for movies and concerts)
Decentraland is one the oldest metaverses. You might be able to find land that is cheap in an ideal location if you are fortunate.
3. Somnium Space
Somnuium Space is an open-source VR Metaverse that uses Ethereum and Solana Blockchains. This project aims to create a virtual world of social virtual reality with its own economy and currency.
The metaverse allows players to buy in-game land, properties, buildings and digital land. It is a world where its players can build, script, and monetize the world while socializing and exploring each other’s creations.
The native token of the platform is $CUBE. This token can be used to buy plots of land in the metaverse.
Somnium Space is unique in that all the players are hosted within one persistent VR universe, rather than using separate servers. This means that users won’t be experiencing loading times when moving around in the metaverse.
UnitySDK was also developed by the team. This SDK allows you to upload fully-body avatars as well as complete scenes onto your parcels. It allows gamers to create VR experiences and monetize their metaverse real estate. In addition, the technology integrated full body tracking, including lip & eye tracking, inside the VR metaverse.
The platform can also be used on any of the most popular VR headsets including the;
You can use any 3D program with.obj outputs to the Somnium Space metaverse.
Somnium Space, in general, is building a VR community and real estate metaverse. It has also developed SDK capabilities for developers.
4. Next Earth
Next Earth, the original platform for land ownership in the metaverse is it. This platform allows you to buy, sell, or develop virtual land that has been mapped onto the Earth.
Next Earth describes itself as a platform-as-a-Service product that provides all the infrastructure necessary for landowners to develop any type of business.
The metaverse is split into separate land tiles, which can be sold, purchased, staked, and developed depending on the user’s needs. Each of these individual land tiles is mapped to a 10×10 m square of land on our original Earth.
The project has three types of Land tiles determined by the tile’s real-world content; water, urban, and non-urban.
Additionally, tiles can be divided into two classes: Land or Art. Every tile begins as Land Class tiles. These tiles can be used to construct structures. Players can make their own Art Class tiles and have an image engraved on the top. The player cannot build any structures upon it.
Next Earth will use $NXTT as its native currency and it will also serve to be the game’s transaction token.
Next Earth has made charity their primary goal. Every Next Earth transaction includes a 10% donation to environmental charities. Blockchain has the stigma of being too energy-intensive and potentially causing harm to the environment. They selected environmental charities.
Finally, Next Earth intends for the entire project to morph into a fully operational DAO so the community members can decide the project’s future direction.
Next Earth’s metaverse is based upon Earth.
5. Upland
Upland can be described as the biggest virtual real-estate strategy game. It is also mapped on the real world.
Uplandme, an Uplandme-based Silicon Valley firm with Block.one support, began development of the game in September 2018. The EOS blockchain hosts the project.
The entire project is built on three pillars; Play, Earn, & Connect. This game allows players to create properties and shops online, build cars and make tokens.
Real estate purchased in this game will be transferred to real life, beginning with San Fransico. This means that you can buy land parcels at addresses you already know, such as the address of your childhood home, or the school you attended.
You can play the game via web browsers or on iOS and Android phones.
Players have these options in the game
- You can collect properties
- To earn even more UPX, complete collections
- Compete in challenges
- Treasure hunts available
- Participate in live events
$UPX can be used to purchase property within the game. It also generates income for its holders. As long as a player holds their property, they will continue to receive UPX tokens.
Apart from earning money from the ownership of properties, players also have the option to collect fees from those who visit their properties within this metaverse.
You aim to gain as much wealth in this game as possible through properties and $UPX tokens. Players can view their wealth on the Leaderboard to see how they stack up in the whole metaverse.
The game also allows players to build their own model by choosing from a variety of pre-made designs.
One of the great things about Upland is that they recently partnered with the EOS Authority and ClimateCare to offset a year’s worth of carbon emissions. They have so far offset 281 tonnes CO2.
Upland, a strategic property game in its entirety, has an academy that users can visit to find out the best ways of making money through it.
Overall, Upland has created a vibrant real estate economy that mirrors today’s real world.
Conclusion
Over the next few years, the real estate metaverses are expected to continue dominating the sector. These projects offer a fantastic opportunity for investors to get started in investing in digital property and real estate.
Real Estate Investment Club, however, is a great place to begin if your goal is to meet like-minded investors in real estate and get in-depth knowledge about the market.