Yuan Universe welcomes reflection at home. The average price is the same as in the suburbs of Beijing, and Lin Junjie stores famous land.

You may not be able to afford a home in the real world, and you may not be able to afford it in the virtual world.

It's not just the products of related companies that are causing fires in the meta world, but real estate in the virtual world as well.

On November 24, the virtual land of the virtual world Decentraland was sold by Metaverse Group for 2.43 million US dollars (approximately 15.52 million RMB). With an average cost of around 565.8 square meters, the virtual equipment is priced at 27,400 yuan, the equivalent of housing in Beijing.

Singer Lin Junjie also recently announced that he has purchased a virtual realm from Decentraland to enter the meta-universe.

What is the charm of Decentraland? Leave a lot of famous people and capital animals.

1,Travel the virtual world with "Fire Land"

Internet user Li Qing, who is new to blockchain, said he was "black" when he heard that the price of a house in a virtual space is similar to that in the suburbs of Beijing. You live in the real world and you can buy a house in the virtual world. Sorry.

Much of what happens in the virtual world of Decentraland breaks our traditional imaginations.

On the same day that the Metaverse group filmed the dizzying virtual real estate, singer JJ Lin announced in an interview that he had bought three homes in Decentraland.

In September, Sotheby's Auction House announced that it had launched its first virtual website in the Voltaire Art District of Decentraland, where copies of London's New Bond Street Gallery have been published. The avatar of the Mayor of London Hans Romuld appeared at the entrance of the store to greet guests.

Metaverse Group, which has listed very high shadow real estate prices, is establishing itself as a vertically integrated real estate company in the Metaverse industry. Founded in 2020, the company is headquartered in the Crypto Valley of Decentraland. Its business activities include real estate acquisition, construction, rental, property management, meta universe trust, meta universe development, meta universe investment and other services.

Li Qing joked that in the future the house would be rented out through a broker like Metaverse Group.

The Decentraland project was launched in September 2017. The virtual metaverse world of the Ethereum chain. The initial size is US $ 25.5 million. Merchants include Animoca Brands (managed at Axie Infinity etc.), Boost VC, Financial Services including Digital etc. 9 famous companies

On November 13, Grayscale Fund CEO Michael Sonnenshein announced that the company sees Decentraland as a way for investors to access the metaverse.

2,Version blockchain de "Minecraft"

In 2019, Decentraland released a closed beta and will be released in February 2020. Currently, the founding group Decentraland is not the leader of the project and will soon be governed by the organization developed by the Decentraland Foundation.

3D character graphics allow the player to simulate most of life's activities, such as buying real estate, dating, watching movies, accessing art and even commercially, in a similar fashion. to the blockchain version of Minecraft.

The Decntraland platform provides users with the space and design of real estate NFTs. Real estate is the foundation of this virtual world, and users can create personalized profiles and photos of the land for a second sale using designs created by both parties.

From an employee perspective, where other NFTs sell finished graphics, the Decntraland platform sells a blank sheet of paper and a variety of colors and brushes, created by the gamers themselves.

There are two major differences between the Decntraland platform and other NFT and blockchain games.

1. Allow users to create content.

2. The rules of the game are developed by the player.

Founder Ariel Meilich once said that Decentraland was the first open platform that didn't pay developers for content and provided content management to manage their capital.

In Decntraland, after completing the initial design, users can create custom games that are different from others according to their taste. For example, you can open a virtual theater and sell movie tickets to earn money, or you can create an outdoor playground for other players to earn.

Players can buy popcorn, watch movies, or visit art galleries to participate in online lectures in a virtual 3D cinema, while rare digital editions are still on display in museums.

On October 21, more than 80 American stars perform at Decentraland with their avatars. There is no need to buy a ticket or stand in line to attend this concert, just put it on your headphones and turn on your computer.

There are now many daily activities at Decntraland. According to statistics from "Lianxin", 77 events took place in Decntraland from October to December. Art exhibitions, music festivals, sporting events, business consultations, etc.

In art exhibitions, users can directly purchase digital recordings, and in music festivals in the virtual world, artists can earn money through special NFT card packages with no admission fees

This may explain why Sotheby's, JJ Lin and other companies and celebrities entered Decntraland with great notoriety.

Three,the virtual world of the rich

With the birth of the creative industry in the virtual world, virtual real estate, less capital to create more, has also received strong demand. Currently, the sale price of the land for this project is about 100,000 yuan. In June of this year, the original value of a land was approximately $ 22,000, which is 41 times the value of the land sold for $ 910,000.

Land and other costs are required, which increases the starting point for the construction of Decntraland. For those unable to improve high school, engagement is more personal to consumers than an opportunity to earn money.

So far, the open market mechanism has seen no benefit. Over the past 24 hours, Decentraland NFT's revenue has been estimated at $ 1.46 million, which is only a tenth of the Axie Infinity blockchain game.

In addition, since this is a 3D rendered game world, the configuration of the user's computer should be relatively high. In Decentraland, card quality of 2,000 yuan can only achieve the smoothness of low to medium image quality. And if you want a better experience, players will have to purchase special VR gear.

Of course, if you need a special jacket, there is no limit to how much you can spend. A hoodie costs around 150,000 yuan.

In this virtual world, in addition to clothes, their names have been given NFT features. If you wanted to have the name "Jack" in the virtual world, the current price is 550,000 RMB. And buying a soda bottle from a vending machine in the virtual world also costs 150 yuan.

4,doubtful rarity

The market capitalization interest in metasite-related content is an important value.

Grayscale Investments estimates in a November 25 statement that "virtual world gaming revenues could increase from $ 180 billion by 2020 to $ 400 billion by 2025".

According to statistics from "Lianxin", from September to November, the value of funding for blockchain games exceeded $ 1.4 billion.

Scarcity is the basis of the value proposition created by the virtual world like Decentraland. According to the official website, there are a total of 90,000 lots, of which 36,000 lots are dedicated to community development, and another 54,000 are provided to users. The size of each hole is 16m x 16m and the total area is 2,304 hectares, or about 1/3 of Manhattan, New York.

Decentralized and underground resources are only limited, but humans can develop more meta-space plans.

Sandbox, a virtual sandbox meta-world project, has also led to the development of real estate. According to data from dappradar, the current lowest price for a virtual house in Sandbox is around 99,000 yuan. Currently, the average price of land in the recently released Evolution.land meta-universe game is around 10,000 RMB. With more and more "meta universes" it is expected that Decentraland real estate will continue to pass the test of economics.

The problem with the global meta-universe is no longer limited to bubbles of value. Bugs due to issues such as bandwidth and high server level are very common during games, and behavioral and administrative issues can result from unrestrained player behavior affecting the Decentraland meta-universe experience.

Reviewer Danny Nelson compared classic Grand Theft Auto PC games to Decentraland, saying: You will lose all your money in Decentraland. "

Reviews have also paid attention to the risky hype caused by Metaverse, and recently several listed companies have received inquiries about the Metaverse concept. On November 25, Daily People announced online: “NFT: For the Metaverse or for the Bigscam? “Now the hype around the concept of NFT and the meta-universe has spread to state-owned companies and secondary businesses. Some actions, like scrambling hot spots and speculating on ideas, are also aimed at increasing the vigilance of those in power. "