Metaverse land and cryptocurrency are ways to invest and make a profit for technology enthusiasts. How to invest in Metaverse? Are there ways to invest in Metaverse? What are the potential metaverse projects? Let's find out with RADA Network through the article below.
1. What is metaverse?
The term "metaverse" is a combination of the real world and the digital universe. It is used primarily to refer to an expected future of the Internet commonly known as Web 3.0. Accompanying this development of the Internet is the rise of online 3D environmental technology and is expected in the future to integrate to provide users with access to virtual reality (VR) and augmented reality (AR) experiences.
Into the Metaverse
To understand more about the concept of Metaverse, you can refer to the article "What is metaverse? What you need to know about metaverse" by RADA Network.
2. What is the virtual land in Metaverse?
Although still in development, Metaverse is always a keyword worth paying attention to in 2022. In particular, virtual land with positive development potential, currently platforms such as The Sandbox and Decentraland are selling plots of land in the form of non-fungible tokens, each of which will represent a proprietary plot of land. When an individual purchases virtual land on these platforms, the Blockchain network powers the Metaverse platform to process information and verify ownership to buyers.
Once they have owned virtual real estate in the form of an NFT, the owners have the right to lease, resell or build their empire on that land. Japanese video game maker Atari recently purchased 20 digital plots in Decentraland and created its cryptocurrency casino. Using the Atari token based on ERC-20 standard (Ethereum's network), gamblers can bet and receive winnings in tax-free cryptocurrencies. Atari has also announced plans to launch its virtual hotel complex in 2022.
Virtual land in Metaverse
3. How to invest in Metaverse?
For individual investors, Metaverse can be a great opportunity for you to seize when the technology companies are interested in Metaverse and gradually invested the Metaverse.
You can now invest in Metaverse in two common ways: owning NFTs in Metaverse, which can be in-game items to real estate, or you can buy tokens of Metaverse projects and hold them for a profit later on.
How to own virtual land in Metaverse
Big Metaverse platforms now have Marketplace built-in marketplaces, you can buy, trade, and own NFTs through the following steps:
• Step 1: You need to create a digital cryptocurrency wallet, a type of computer software connected to the blockchain network used to store cryptocurrencies. Here RADA would like to list some popular multi-chain storage wallets that can be used both on phones and computers such as Metamask, Trust Wallet, C98 Wallet.
• Step 2: Then you need to access the marketplace of the selected metaverse platform and connect your digital wallet to it. Marketplaces are usually built-in and can be found on metaverse platform websites.
• Step 3: At this stage, buying digital land looks a lot like buying land in the physical world. You need to consider the price, location, and future value of that digital land.
• Step 4: Once you have identified a favorite land, you need to own the tokens of the platform to buy it and store them as NFTs on your digital wallet. The platform's token will be needed to make transactions and make transaction fees on Marketplace. For example, to buy digital land in Decentraland, you would need to own $MANA tokens.
• Step 5: If you've connected your digital wallet to the metaverse platform's marketplace, all you need to do is bid on land or buy it off completely. Land costs will be deducted directly from the digital wallet and the NFT representing the land will be transferred to your wallet.
The same process applies to the purchase of other NFTs such as clothing and accessories or any other unique item.
4. Potential Metaverse projects
The Sandbox ($SAND)
• The Sandbox ($SAND) is a decentralized virtual reality platform developed and operated on Etherium's Blockchain to become a virtual world that provides shopping, exchange, and entertainment spaces that connect users around the world.
• In The Sandbox the player will have full control of his assets, deciding the price himself without being placed under the control of the game manager.
• When participating in The Sandbox, players will be supported with features to earn more income from it such as VoxEdit - Where users create NFTs and create value for them; NFT Marketplace - Where NFTs are traded and exchanged; Game Maker - Create your own game and attract other players; Land - Fertile plots of land where users will build shops, stages, play areas,... To increase the experience of interacting with the game.
The fantasy world in The Sandbox
• Some basic information about SAND
Token Name: The Sandbox Token
Token Standard: ERC-20
Contract Address: 0x3845badade8e6dff049820680d1f14bd3903a5d0
Total supply: 3,000,000,000 SAND
• Decentraland is a decentralized virtual reality platform also developed on Ethereum's Blockchain. At its core is to build the most virtual world compared to the reality that the stages of development in Decentraland are especially similar to the real world. Players will be passing through each stage of human development from the Stone Age, Bronze Age, and Iron Age.
• In Decentraland, in addition to trading NFT's marketplaces, users can make money by participating in organized games and activities such as participating in casinos to earn DG Tokens.
• DG Token in Decentraland acts as a vote for the development of new games and activities that will take place in the game. Thereby, we see that the game manager gives the user the right to decide the development of Decentraland.
Decentraland - The colorful virtual world
• Some basic information about Decentraland
Token Name: Decentraland Token
Token Standard: ERC-20
Contract Address: 0x0f5d2fb29fb7d3cfee444a200298f468908cc942
Total supply: 2,644,403,342 MANA
GALA Game ($GALA)
• GALA Game is an NFT combined gaming platform that offers a variety of games built on the blockchain, which are currently performing well on both the Ethereum and Binance Smart Chain networks. In addition to offering NFT Games, GALA Game also offers the NFT Marketplace (GALA Store) to diversify features.
• GALA Game with the criteria 'Fun first' will be a great entertainment place with gentle games accompanied by quite cute graphics such as Town Star - a farm management game, the brothers will play the role of farmers to harvest agricultural products to sell to earn the token of the game.
• There is a rather interesting point in the GALA Game that you need to pay attention to, the achievement racing events are held regularly to achieve the NFTs in the game, when winning you have full right to use those NFTs. You can participate to achieve NFTs and sell them on the GALA Store for profit.
• Update another extremely important information that GALA Game has just started from $ 5 billion to develop its own NFTs ecosystem, which is an extremely strong move of GALA Game and this will be a stepping stone for the growth of GALA in the future.
Gala Game promises a potential ecosystem
• Some basic information about gala:
Token Name: GALA Game Token
Blockchain: Ethereum & BSC
Token Standard: ERC-20
Contract Address: 0x15d4c048f83bd7e37d49ea4c83a07267ec4203da
Total supply: 50,000,000,000 GALA
The potential and opportunities in Metaverse are many, through the above article perhaps he knows also a glimpse of how to invest in a Metaverse project. Hopefully, this will help you and will help you TO THE MOON in 2022.