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Where to Buy Metaverse Real Estate?
The majority of metaverse real estate is owned by the Big Four. These are the major players in the metaverse economy and include Decentraland, Sandbox, Somnium Space, and Cryptovoxels. These platforms own a total of 268,645 parcels, which are among the highest priced ones on the market.
Sandbox currently dominates the metaverse real estate, owning approximately 62% of the entire market. LAND here currently costs an average of $11,000 with premium lots selling between 20 to 30 thousand dollars. You can buy or rent virtual spaces for various use. There are family homes, commercial spaces, art galleries, and hangout spots of different sizes. In this UGC-voxel platform, everything is built by the community for the community. Sandbox players and creators buy, sell, and trade voxel creations. They buy LAND and build experiences on them. They can also monetize these experiences using
NFTs and SAND, the utility token of Sandbox. In the past few years, the Sandbox has forged strategic partnerships with game companies like Atari, investors like Square Enix, brands like Shaun the Sheep, and celebrities like Snoop Dogg. These partnerships have given it more appeal both as a creative space and as an investment platform.
Decentraland is a 3D VR platform built on the Ethereum blockchain. Ownership of land parcels is given through LAND NFTs with the specific coordinates on the grid and a reference to parcel details. To purchase LAND, users must have MANA tokens, which