Exploring Virtual Assets in Decentraland, Sandbox, Holiverse

January 4, 2025

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The recently released article describes the emerging market of virtual real estate, which is a new phenomenon for us.

Virtual property redefines ownership and offers new opportunities for users. The metaverse offers a diverse range of environments for digital investment on famous platforms such as The Sandbox, Decentraland, and Holiverse, led by Lado Okhotnikov, CEO.

Moving from physical to virtual universes

Imagine you have a slice of a world that doesn’t exist. This virtual asset exists only in the digital realm, but its potential is immense. It reflects the situation in the age of virtual real estate, which is becoming a cornerstone of the metaverse. In this way, users get unique opportunities for creativity, commerce, and connection.

Exploring Virtual Real Estate within Decentraland, the Sandbox, Holiverse, and others

A review of the virtual housing market can help users to find the property that fits them best.

It highlights key traits that unify popular metaverse platforms and the ones that are gaining traction. It’s easier to navigate the market when you understand its core principles.

Scarcity or limited supply

The metaverse platforms covered in the review have a fixed number of land parcels for customers. This is a necessary feature for economically viable platforms. It mirrors traditional real estate markets, which are driven by demand. The more plots are sold, the more expensive the remaining property becomes.

For instance, Decentraland offers 90,601 parcels of land. The internet may be endless, but one can’t say the same about the metaverse. Scarcity is an essential feature of the metaverse that wants to stay efficient. It creates exclusivity.

Use of NFTs to represent ownership

The platform uses NFTs to represent ownership of land and virtual assets. Again, this tool helps to ensure scarcity and security in its ecosystem.

Neighborhood effect

Though this is a virtual reality, the location still matters. If your property is near some high-profile brand or a celeb’s estate, it adds more prestige and value to it. The same often works in the real world.

For example, the virtual property near Snoop Dogg and Adidas is the most expensive. When Warner Music Group joined the platform, it became clear that many musicians would follow. Famous performers attract fans to the platform and contribute to a dynamic, live atmosphere within the metaverse. Therefore, prices surged.

Creative freedom

One challenge in virtual real estate is activating properties. If you invest your funds in a virtual house and do nothing with it, it’s just dead. You need to develop property to bring life to the metaverse, adding content, utility, or infrastructure. Metaverses thrive when money and effort are invested.

Creative freedom fuels them. To achieve this goal, building tools can be offered. For example, VoxEdit (the Sandbox) is a magical tool enabling you to craft, rig, and animate your NFTs.

The article also explores how brand partnerships, attractions, and market trends can affect the value of real estate.

About Holiverse: A Fresh Start

Those who look for untapped potential should consider the virtual asset of Holiverse, led by the visionary Lado Okhotnikov. It offers endless opportunities for creative collaboration and growth.

Holiverse is a dynamic Play-To-Earn metaverse based on Web3 that leverages cutting-edge technologies to realise its vision of a fully immersive metaverse. The “tech package” integrated into the platform includes gaming, social networking, and virtual reality.

Users can create, buy, and sell digital assets, including NFTs. Since the platform is emerging, it offers early adopters opportunities to invest in virtual assets that have significant growth potential as the platform develops.