Everyone in and outside of the Metaverse world knows that land ownership is important and that getting a piece of land is a very traditional investment. What most people outside of the Metaverse world do not fully understand – or are still not convinced of – is why people in the Metaverse want to become landowners and what such virtual land ownership can actually bring them.
What can a small plot of land in the Metaverse do?
To be clear, not all Metaverse games are equal in popularity, and not all are developed with land ready to be sold to investors. The Sandbox is one of the premier Metaverse games, and the alpha version gave me a very concrete idea of how Metaverse land ownership works. So I’ll take land ownership as an example in this game.
When I checked the property price on OpenSea and ranked the price from lowest to highest, I was able to find that the smallest property in The Sandbox is currently between $ 11,000 and $ 19,000. At the same time, large lots of contiguous lots have been acquired by various brands and whales with big purses, and these landowners are likely to invest a lot more to make their lots attractive. So the question is: when you, as a private investor, get the simplest, smallest piece of land, what can you do with it to make it worthy and even attractive?
For landowners who actually have plans to build experiences and not just keep a lot as an investment, the alpha quests offered by The Sandbox serve as a great showcase of the potential of a small lot.
Not just about size
In The Sandbox’s alpha quest, we played several small quests and each of them took up about four lots in The Sandbox world. I can’t help but compare the gaming experience I had with the “minor quests” that required four lots – like Club XYZ and Edge of the Abyss – with some “major quests” that consisted of 16 lots. like Aldrak Garrison and Xalya Sanctuary.
Did I feel that the smaller quests were less engaging or less entertaining than the larger quests? Not necessarily. The enjoyment level of an experience does not correlate positively with the size of the country, but with the history, the rich details, the many possibilities, the music, the sound effects and other aspects of the game design. Can a tiny piece of land have ten times the impact of 16 pieces of land? Potentially yes.
What could also be overlooked is how many “floors” can be built on a plot of land. Take the Edge of the Abyss alpha quest, for example. This search took place in a post-apocalyptic looking, abandoned industrial city that was built on the edge of a very deep “abyss”. The entire architectural structure was about six to seven stories high. When I entered the quest, I had to use ladders, snake paths, and floating platforms to move the entire vertical structure up and down in order to reach all of the signposts. It was hard to imagine that Edge of the Abyss was built on just four lots, as the actual gaming experience, thanks to the vertical structure, includes a much larger playable space than many other quests that were built on lots of comparable size.
If landowners do not have the execution skills or abilities to create all of the assets and the gaming experience themselves, there is always an option to hire a professional experience designer and asset creator to do the job.
Possibility to host a metaverse event
Another very popular use of Metaverse Land is to create a venue such as an internet cafe, NFT gallery, dance club, or conference hall. All of this can be built on a relatively small plot of land.
For those who enjoyed The Sandbox Alpha, I believe the iconic one Concerts and stages by Deadmau5 and Snoop Dogg were really memorable. I wouldn’t be surprised if these celebrity concerts helped get new-player fans coming and experiencing the alpha quests. Clubbing experiences and concerts aside, NFT galleries are already so popular that it’s impossible to come across a few of them when you’re walking around in a big decentralized Metaverse game.
When it comes to a Metaverse conference hall, the main question is whether the existing games are technically ready to provide such an infrastructure that enables real-time, multi-person interaction and voice communication.
I haven’t seen hosting conferences as an option in The Sandbox Alpha. Several conferences have already taken place on other major Metaverse platforms. Although the experience seemed very simple, just with the speaker’s audio and a slide presentation. The crowdcasting capability is there, but more improvements are needed.
What would you do with a piece of land in the Metaverse? Let us know in the comment section below.
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Source: Crypto News Austria