Enter the star, what is the charm of Yuan Universe Real Estate?

Being next to famous Singaporean singer JJ Lin is difficult in real life, but easier in the meta world. On November 23, 2021, JJ Lin tweeted three virtual blueprints he had purchased, with a total value of approximately $ 123,000. Our region is not located in a specific city in Singapore or China, but in the Decentraland virtual platform (hereinafter referred to as "DCL"), and DCL, created in 2017, is the first meta universe based on blockchain and cryptocurrency. . A total of 90,000 lands have been set aside for the community, and communities such as A City, Dragon City, and Dragon Kingdom have been created.

There are a lot of people like JJ Lin. According to statistics from the data platform Dapp Radar, as of November 22, the total virtual land market of the main virtual platform is Sandbox, DCL, Crypto Voxels and Somnium more than 6000 sites, the industry total of the packaging reached $ 155.8 million. . Land 'Data from' is constantly updated. On November 24, 2021, DCL's virtual land was auctioned by Metaverse Group for US $ 2.43 million (approximately RMB 15.52 million). The average price of this virtual equipment of about 565.8 square meters is 27,400 yuan, which is higher than the average price of land in China's largest city.

With land prices so high and attractiveness so high, what are the stars really trying to buy?

As we all know, blockchain technology is the backbone of the commerce industry, and the most attractive application is Bitcoin (BTC). In addition to Bitcoin, ETHereum (ETH) offers more blockchain application scenarios using smart technology like the early Ether Cat (CryptoKitties). With a total market volume of 54,572 ETH (around 300 million yuan), equivalent to the current meta-universe real estate boom, Ether Cat can be easily understood according to the application scenario based like Ethereum, from coins to cats. The virtual real estate purchased by Junji Lin matches the Ethereum-based scene-based application and is considered part of the realm.

Why do artists spend so much money buying real estate and houses in the virtual world?

The main reason is that these lands and buildings have some value.

Real estate and homes in the virtual world are still under contract. To put it simply, the community defines an area, and everyone in the community agrees and agrees on the number of houses that can be built in that area, and no one can change that without consent. As more and more people come into the area and ask, the price of each land will increase accordingly.

DCL and Sandbox properties are based on distributed virtual platforms developed by Ethereum, and assets such as real estate are stored on every server in the blockchain and cannot be changed. On these virtual platforms, customers can purchase lots using management tokens, then customize the lots to their own needs and create unique themes and applications such as advertising and events. Land is designed as a non-fungible token device (NFT) unique to each platform and flexible. Customers of the Metaverse Group, for example, will use the land purchased from DCL to start a digital fashion business, own digital clothing and sell virtual clothing. Brands such as Nike, Adidas, Gucci, Burberry and LV are also using Metaverse to explore new ideas for brand growth.

Second, dwellings in the metauniverse are scarce, the soil of each planet (platform) in the metauniverse is limited, and no additional land can be added. Therefore, only certain people have time to obtain land. Why do people like it.

However, meta-world properties are independent of each other, so the buyer of real estate and real estate in DCL cannot use Sandbox furniture. If most people are using a specialized Metaverse platform, or if the free world can communicate with each other, many traders will be optimistic about the value of the Metaverse realm and housing.