MintCityPlaces

Apr
05
2022
By Ellen Britt
Three Ways Virtual Real Estate Is Like “Real” Real Estate

Three Ways Virtual Real Estate Is Like “Real” Real Estate

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Ellen Britt for CNT #NFT At first glance, it seems like real estate in the metaverse could not be more different than, say, a parcel located in downtown Indianpolis. But you might be surprised at how alike they are. Let’s take a closer look. One - Increase In Value Property in the real world generally appreciates (increases in value) over time, unless the area of the country has some sort of problem, such as a toxic waste dump being discovered. It’s the same with property in the metaverse. Virtual land will appreciate in value unless the location (the platform) is abandoned…
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Apr
02
2022
By Ellen Britt
What The Metaverse Could Mean For Your Business

What The Metaverse Could Mean For Your Business

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Ellen Britt for CNT #NFT In the 1970’s businesses could never have imagined how a presence on the web would eventually be essential. Today, we are in a parallel situation, as most businesses can’t imagine how critical having a presence in the metaverse is going to be.  This presence is going to become essential much, much faster than people think. The growth of the metaverse is explosive and is going to take exponentially less time for widespread adoption than it did for the internet to permeate every corner of our lives. Staying Ahead Of The Game If you are a business…
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Mar
19
2022
By Ellen Britt
Digital Twins For Businesses Big and Small Are On The Horizon

Digital Twins For Businesses Big and Small Are On The Horizon

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Ellen Britt for CNT #NFT Just like people can have a digital twin in the metaverse in the form of an avatar, businesses can also have digital twins of their physical spaces.  Technavio, a research firm in the tech space, anticipates the digital twin marketplace to grow to nearly $25 billion by 2025, a compounded annual rate of nearly 40% since 2020. Real-World Shopping & More Many larger companies are already using these digital twins for their products, factory floors, and warehouse to simulate real-world shopping experiences and to help with data analysis and decisions. Left Behind Just like in the…
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Mar
17
2022
By Ellen Britt
Four Digital Real Estate Trends We Are Seeing So Far This Year – 2022

Four Digital Real Estate Trends We Are Seeing So Far This Year – 2022

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Ellen Britt for CNT #NFT  With the digital real estate boom happening right under your nose, it’s critical to keep up with trends as you plot your next move! Here are five trends so far this year in the digital real estate space that show no signs of slowing down: One - Expect sales of land in the metaverse to continue to rise. In 2021, virtual land sales reached an eye-popping $500 million. Sales this year could reach $1 billion (with a “B”!) as the metaverse land grab continues to explode. Early Movers Two - The early movers in this…
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Mar
16
2022
By Ellen Britt
Business Law Makes The Leap Into The Metaverse

Business Law Makes The Leap Into The Metaverse

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Ellen Britt for CNT #NFT As more and more retail brands jump into the metaverse, service businesses are beginning to make the leap as well.  Internationally recognized business law firm Arent Fox saw the writing on the metaverse wall after they advised an accounting firm client on purchasing virtual property. They are opening an office soon in Decentraland, in the platform’s fashion and retail district, the first major law firm to do so. Investment Banking First, Then Law Recently JP Morgan became the first investment banking firm to claim their space in the metaverse, so it’s really no surprise that a…
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Mar
09
2022
By Ellen Britt
Banking In The Metaverse? It’s Coming Sooner Than You Think

Banking In The Metaverse? It’s Coming Sooner Than You Think

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Ellen Britt for CNT #NFT Recently we reported on investment banking giant JP Morgan Chase, which has opened a lounge in the Decentraland metaverse, signaling an oncoming sea change in the banking industry.  First Mover's Advantage The company was the first banking institution to make this move, but others are sure to follow now that JP Morgan has blazed a trail. You can’t open up a checking or savings account just yet, but you can buy virtual real estate with NFTs and also make other purchases with cryptocurrency. Step Into The Lounge Their virtual space is known as the Onyx Lounge.…
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Mar
08
2022
By Ellen Britt
The Great Shakeup – How Monetization Of The Metaverse Is Shaking Up The Real Estate Industry

The Great Shakeup – How Monetization Of The Metaverse Is Shaking Up The Real Estate Industry

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Ellen Britt for CNT #NFT There are clear signs that virtual commercial real estate residing in the metaverse is going to have a huge role for the foreseeable future. We’ve already reported that Swivel, the Austin Texas-based firm, by all reports making the pivot from designing real-world corporate offices to bringing their talents to virtual commercial real estate clients.  And we got you up to speed on what JP Morgan Chase is doing with their opening of a swanky new office in the metaverse’s Metajuku mall. First To Market Plus we told you about the real estate firm Propy, who just…
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Mar
07
2022
By Ellen Britt
A Brief History Of The Metaverse

A Brief History Of The Metaverse

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Ellen Britt for CNT #NFT There is an advantage in knowing your history. Remember the old saying, “Those that don’t remember history are doomed to repeat it.” If you are going to play in the metaverse, it’s helpful to know something about its past.  We’ll get you up to speed in this two-minute read! Contrary to what you might think, Mark Zuckerberg of Facebook, now Meta, did not invent the word “metaverse”. That honor goes to science fiction author Neal Stephenson, who coined the term in his 1994 novel, Snow Crash. In the book, Hiro Protagonist, the main character, travels through…
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Mar
06
2022
By Ellen Britt
Commercial Real Estate Is Swiveling To The Metaverse

Commercial Real Estate Is Swiveling To The Metaverse

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Ellen Britt for CNT #NFTThere has been a lot going on in the world of virtual real estate lately, from celebrities like Snoop Dogg snapping up pricey parcels to real-world real estate firm Propy being the first to sell an NFT associated house in Tampa, Florida. But what’s happening on the virtual commercial side of things?We recently reported on investment banking giant JP Morgan Chase establishing an office in the metaverse’s Metajuku Mall but now an Austin Texas-based firm, Swivel, is reportedly making the pivot from designing real-world corporate offices to bringing their talents to commercial real estate clients. Commercial Real Estate…
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Mar
05
2022
By Ellen Britt
Five Metaverse Myths – What’s True And What’s Not

Five Metaverse Myths – What’s True And What’s Not

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Ellen Britt for CNT #NFTThere's a lot of information flying around out there about the metaverse. What's true and what's not? Let's take a closer look.One - True or False - You need expensive virtual reality goggles to get into the metaverse.False - while you will often see news stories written about the metaverse illustrated with a photo or graphic of someone wearing virtual reality goggles, some of the most popular platforms such as Decentraland or The Sandbox, can be accessed right from your laptop, desktop computer or even your smartphone. Two - True or False - The metaverse is just a…
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