The Metaverse is the name given to a virtual universe where people can mentally feel present without any physical effort, simply by using the virtual reality devices available to them. The Metaverse allows the human mind to enter this artificial world and is accessible through computers, Android devices, and 3D devices. This concept was first used to represent a fictional world in Neal Stephenson’s 1992 novel, Snow Crash. This mental world offers the promise of creating a public space. Its currency operates within the cryptocurrency market. In the Metaverse, experiences and actions do not pause, end, or reset. Even if a session is closed, everything continues to exist. Unlike the real world, it can host any type of community, and the same event can be experienced simultaneously by multiple users. Users can also freely customize or change the avatars through which they express themselves. Viewed in this context, the Metaverse provides experiences created from both real and digital worlds, and it is expected to play a significant role in the future.
Technologically advanced, the Metaverse is expected to allow people to perform actions like shopping or going to the cinema without any physical effort, simply via virtual reality devices. It could also bring major differences in payment systems, identity verification, and advertising. At Artopol, we are supporting this digital world by running various projects related to the Metaverse.
What Can Be Done?
Currently, in the Metaverse, people can represent themselves through avatars, customize their avatars, and communicate with one another. Within this virtual universe, it is possible to make purchases such as clothing or in-game items using digital currency. Users can also chat via microphone or text, visit virtual art museums, attend concerts, or participate in various activities. Additionally, users can buy digital land, fill it as they wish, trade it, or rent it out to generate income.
What Is Metaverse Land?
The Metaverse is described as a digital world that allows users to create virtual assets, with these assets being bought and sold using various coins. Just like the real world, the Metaverse consists of land parcels, which are represented as NFTs on the blockchain. Buying an NFT grants full ownership of that parcel. Metaverse land is considered one of the most profitable investments in this digital world. These parcels can increase in value over time, allowing users to buy, sell, or rent them to generate passive income. Each Metaverse has a fixed size and a limited number of parcels. For example, Decentraland has 90,601 parcels (16m x 16m each), while Sandbox has 166,464 parcels (96 x 96 each). You can populate these digital lands with vehicles, buildings, games, or any 3D objects and even rent them out to other users.
What Is the Purpose of the Metaverse?
While the Metaverse is currently used primarily for gaming technologies, the goal is to create a universe where people can socialize more extensively in the future. This new universe aims to bridge virtual and real life, provide realistic experiences in games, create significant differences in work environments, and completely transform social interactions. Numerous projects are currently underway to achieve these goals, and the Artopol team is contributing to this universe through its own Metaverse projects, which are expected to be highly significant in the future.
Who Are the Investors?
As interest in the Metaverse grows, the number of people wanting to invest in this virtual world is also increasing. Today, many people worldwide have invested in the Metaverse, and investment continues. This has led major companies to take an interest and start initiatives. One of the most notable investors is Facebook, which acquired Oculus, a company specializing in virtual reality devices, for $2 billion. Facebook, like Microsoft, has signed agreements and partnerships to encourage other companies to enter the digital universe. Gaming companies like Roblox have also made various investments to support the development of this universe.
How to Invest in the Metaverse?
Individuals who believe the Metaverse is the future of the internet and want to establish a presence in the virtual world have started considering how to invest after major companies like Facebook entered the space. The first step is to obtain a Metaverse wallet. Then, after thorough research, decide which company’s land you want to purchase. After acquiring coins from your chosen platform, it is essential to carefully select the most profitable and suitable land. Once you’ve decided on the land, select the island and parcel, and finally, purchase the land using your Metaverse coins to successfully complete your investment.
How to Buy Land in the Metaverse?
As the Metaverse becomes increasingly popular, many people want to own virtual land. The first step is to create a cryptocurrency wallet. Then, open an account on your chosen platform and purchase the required meta tokens. You can acquire these tokens via crypto exchanges like WazirX or CoinDCX, or using your funded wallet. Next, purchase the in-game land you wish to own. You will need to create an account in the respective game and connect your crypto wallet. For example, in Decentraland for virtual real estate, or Axie Infinity for characters and land parcels. If you want easy access to all NFTs in a single transaction, creating an account on OpenSea is recommended. After paying for your selected NFT, your transaction will be successfully completed.
Things to Consider When Buying Land in the Metaverse
As the Metaverse gains popularity, certain precautions should be taken when purchasing virtual land. First, thoroughly research the virtual universe where the land is located. Factors such as previous achievements, promises, and roadmaps can help determine the reliability of the virtual world. Another important factor is the blockchain on which the Metaverse is built. Choosing a popular blockchain can be advantageous; for example, Solana, Ethereum, and Binance-based Metaverse projects continue to grow in popularity. Finally, the exchange listing of the token is critical. If a token has not yet been widely listed, it has potential for price growth once listed on major exchanges.