Since September 2021, when Facebook decided to change the name of its parent company to Meta. Metaverse has been the hottest and trending topic of discussion. In recent times people have been investing heavily in digital real estate.
Why are assets in Metaverse significant for the market?
The core reason behind it is the rise of the digital economy. The integration of the digital economy with the metaverse has brought massive growth to the industry. Customer base owning digital Assets has grown at a massive scale creating a boom in the industry.
In this article, we will share the ways you can build your digital asset once you have bought the land in the Metaverse.
Here are few statistics related to the Metaverse Industry:-
Metaverse have given massive boost to AR/VR Technology from $12 Billion in 2020 to 72.8 Billion in 2024.
Metaverse is expected to be worth $800 Billion in 2024 which was just $42 Billion industry in 2020.
Decentraland which is one of the leading NFT and Metaverse market place have generated over 75000 orders worth $25 Million.
How can one build digital infrastructure over Metaverse?
Hiring the metaverse architectural design firm:- There is no hard and fast rule to hire an architect for the development of the metaverse. However, hiring a metaverse architectural design firm can help in multiple ways. They have the proper knowledge about the trending infrastructural designs as well as the appealing graphics. Apart from it, you get the added advantage of efficient services as they have the proper knowledge related to the business.
Using different tools available over different platforms:- One can make infrastructures with the help of different tools available on the platforms. The platform which you use for buying the lot provides the right set of tools. These specific tools can help to build different types of infrastructure ranging from commercial spaces, villas, etc.
Owning already existing infrastructures:- The other option which one can seek includes buying already existing infrastructures. It helps in multiple ways as there is no time consumption. The most genuine question which arises is what if I want to make modifications to the existing infrastructure. If you have the right to determine the ownership of a particular digital asset, you can make as many changes as you want.
Common Platforms which are being used to buy infrastructures involve Decentraland, The Sandbox, Axie Infinity, etc. Each platform provides its own set of tools using which development can be done.
Can anyone invest in Digital Real Estate?
Yes, any individual can invest and build their presence over the metaverse. However, in the current scenario, the prices of digital real estate are skyrocketing.
Another drawback related to the metaverse industry is different platforms have different tools for building the infrastructure which functions differently.
Have you invested in Metaverse yet? Do let us know about your thoughts and how do you think it’s going to disrupt the market.