If someone offered you to buy land 5 years ago you would probably laugh and say he is crazy, but today virtual real estate investments are the hottest thing in the market!
Today you can buy virtual land starting from a few hundreds of dollars to several millions in online markets such as Decentraland and The Sandbox. These types of investments started to attract everyone starting from companies such as Adidas & Atari to celebrities such as Snoop Dog.
There are even virtual real estate companies such as Metaverse.properties that will buy for you land and rent it afterward.
Where can you buy land in the metaverse?
Here are a few metaverses markets with big communities:
The Sandbox
With about 10 million visitors per month on their website (data taken from Similarweb), and over 500,000 active users. The Sandbox offers 166,464 plots of land, making it one of the most trending & lucrative markets when it comes to buying and selling virtual land.
Decentraland
Another successful market, with 300,000 active users & around 7 million visitors who visit their website. Decentreled offers 90,601 individual plots, this makes it the second-largest market currently which can be a great place for your investment.
Upland
Founded in 2018, Upland’s vision is to copy all of the real-world lands and move them to virtual reality. There are about 9 million visitors who visit the Upland website per month (According to Similarweb), and around 60,000 active daily users.
How to buy land in the metaverse?
The Sandbox
If you wish to buy the land right now, follow these steps:
Step one – go to Opensea website, and search for The Sandbox.
Step two – Click the “Buy Now” button under the Status section in the filter options.
Step three – choose the land you wish to buy, and in the next page click the “Buy Now” button.
Step four – At this point you will need to connect your crypto wallet such as Metamask or Coinbase wallet, to continue.
Step five – Make sure you have enough coins and proceed to checkout via your wallet account, and you are done!
If you wish to place a bid on land which is on auction, follow these steps:
Step one – go to Opensea website, and search for The Sandbox.
Step two – click the “On Auction” button under the status section in the filter options.
Step three – choose the land you wish to make a bid on, and on the next page click the “Place Bid” button.
Step four – place your bid in the popup box, review and confirm the OpenSea’s Terms of Service, and then press again on the “Place Bid” button.
Step five – At this point, you will need to connect your crypto wallet such as Metamask or Coinbase wallet to continue.
Step six – Make sure you have enough coins and proceed to checkout via your wallet account, and you are done!
Decentraland
If you wish to buy the land right now, follow these steps:
Step one – go to Opensea website, and search for Decentraland.
Step two – Click the “Buy Now” button under the Status section in the filter options.
Step three – choose the land you wish to buy, and on the next page click the “Buy Now” button.
Step four – At this point, you will need to connect your crypto wallet such as Metamask or Coinbase wallet to continue.
Step five – Make sure you have enough coins and proceed to checkout via your wallet account, and you are done!
If you wish to place a bid on land which is on auction, follow these steps:
Step one – go to Opensea website, and search for Decentraland.
Step two – Click the “On Auction” button under the status section in the filter options.
Step three – choose the land you wish to make a bid on, and on the next page click the “Place Bid” button.
Step four – place your bid in the popup box, review and confirm the OpenSea’s Terms of Service, and then press again on the “Place Bid” button.
Step five – At this point, you will need to connect your crypto wallet such as Metamask or Coinbase wallet to continue.
Step six – Make sure you have enough coins and proceed to checkout via your wallet, and you are done!
Upland
Step one – enter the website upland.me, and click the green button “Enter Upland” on desktop or press the green button on mobile “Play Now”.
Step two – sign up or log in if you already have an account in Upland.
Step three – (If you already have an account skip this level) – choose your explorer profile by choosing icon and color, and then continue next.
On the next screen, you will receive 4500 UPX coins just for signing up, and on the next page afterward you will need to choose in which city you wish to buy land.
Step four – After choosing a city, move around the map and zoom in on an area you wish to buy land in. Look for light green properties (properties that no one bought before, and are for sale) or dark green properties (properties that already have an owner, and are for sale).
Step five – choose the land that you wish to buy. If you don’t have enough coins to buy this land, you will need to buy more UPX coins by pressing the “GET UPX” yellow button, and then get from the options the amount of UPX which is required. Choose one of the options, pay either with Paypal or with your crypto wallet.
Step six – finish the purchase of the land by choosing it. Then just press the buy button or make an offer button to offer a bid on the property, confirm you wish to buy this land, and you are done.