The Metaverse Opens Its Doors To Fractional NFT Real Estate
Many would have others believe that NFTs are nothing more than tradable JPEGs, but this couldn’t be further from the truth. NFTs: Revolutionizing Ownership NFT stands for Non-Fungible Token – “Non-Fungible” meaning a unique signifier of ownership, and “Token” meaning a cryptographic record in a blockchain. Put together, NFTs are unique records of ownership that are stored in a blockchain. Since NFTs represent ownership, their potential applications are only limited by the human imagination. NFTs are already being used to sell music, heroes in blockchain games, and digital land from....
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Buying real estate doesn’t have to be as tedious as it has been in the past. In fact, you can actually start buying digital real estate right inside the metaverse for a much lower cost than you would purchase it in the real world. In addition, a handful of metaverses also intend to offer tokenized fractional shares in real estate properties, meaning you can own a piece of real-world real estate for a fraction of the price. This article will cover some of the best real estate metaverses to watch for in 2022. Some projects intend to bring real-world real estate assets onto the blockchain,....
The tremendous development of the NFT utility in the last few years has opened up the potential for mass adoption across different industry verticals. Currently, the only thing limiting the growth of the NFT space is the human imagination, which as evident from the past, is meant to expand with time. Recently NFTs have integrated themselves with the growing sector of Real Estate and developed a metaverse where everything can be purchased and owned as NFTs. Futurent has emerged as the forerunner of the NFT real estate and metaverse sector with its unique approach and unparalleled rewards.....
Crypto adoption in the real estate market could see fractional property ownership becoming more popular. Fractional ownership of buildings and property developments is becoming one of the adoption areas for blockchain technology in the real estate business. From democratizing access to real estate investment to improving liquidity in the market, there is an argument to be made for tokenization being a net positive for the real estate space.Tokenization via fractional real estate investment is also another example of the emerging “sharing economy” that seems to be encouraging crowdfunded....
Real estate sales in the metaverse are expected to reach a billion dollars this year, according to a metaverse analytics firm. The company expects real estate sales on four major metaverse platforms, which surpassed $501 million last year, to double this year. $1 Billion Metaverse Real Estate Sales Expected This Year Real estate sales on metaverse platforms surpassed half a million dollars last year, according to metaverse analytics firm Metametric Solutions. The company added that real estate sales on four major metaverse platforms — Sandbox, Decentraland, Cryptovoxels, and....
While the metaverse has become very popular, virtual land sales have seen significant demand in recent times. Virtual real estate has become expensive, in comparison to the prices 12 months ago, and virtual parcels stemming from a couple of blockchain metaverse projects have sold for seven figures. With virtual real estate getting extremely pricey, one firm called Terrazero Technologies is offering metaverse mortgages.
Terrazero Provides Metaverse Real Estate Loans to People Looking to Acquire Virtual Land and Homes
At the moment virtual real estate has become a hot commodity as....