VirtualRealEstate – Page 2 – City News And Talk

Mar

15

2022

The First Metaverse Mansion Is About To Be Built

Ellen Britt for CNT #NFT In the first offering of its kind, a luxury mansion in the UK is up for sale in two places. The real-world and the metaverse! The developer, Stately Homes, is planning to build the 11bedroom, $40 million home, dubbed Hampton Hall, on land located in a gated estate in Surrey. Two Different Owners? At the same time, the home’s digital twin will also be created and it’s possible there could be two different owners. Whoever purchases the real-world home will get first dibs on the NFT. What?! Bulletproof windows? The home, both real-world and virtual, will…

Mar

12

2022

By Ellen Britt

Furniture, Art, And Digital Homes – Design Comes To The Metaverse

NFTHortensiaChair, MarsHouse, NFT, VirtualDesign, VirtualRealEstate

Ellen Britt for CNT #NFTVirtual plots of land are not the only thing that’s a hot seller in the metaverse these days. There is a brisk exchange of money involving digital houses, furniture, and art, all existing only in the digital realm.Some people just don’t get the appeal as, after all, you can’t actually occupy a digital house or sit on that virtual sofa.Don't Miss Out!But things are developing very fast in this space, and those who are standing around scratching their heads are apt to miss out on one of the biggest real estate opportunities of a lifetime. This has…

Mar

10

2022

By Ellen Britt

Virtual or Real World Real Estate – 5 Differences To Keep In Mind

NFTNFT, VirtualRealEstate

Ellen Britt for CNT #NFT Although there are obvious differences between owning real-world and virtual real estate, such as not being able to actually inhabit your virtual house in the metaverse with your physical body, there are other differences you need to keep in mind. One - Particular Uses Ok so you can’t actually live in the metaverse (at least not yet!) but you can use it for socializing, shopping, attending virtual events, or even opening up a business there. On the other hand, real estate of some sort in the real world, whether you own it or rent it, is…

Mar

08

2022

By Ellen Britt

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

NFTJPMorganChase, MintCityPlaces, NFT, Propy, REIT, VirtualRealEstate

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…

Mar

05

2022

By Ellen Britt

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

NFTMetaVerse, MintCityPlaces, NFT, VirtualRealEstate

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…

Mar

03

2022

By Ellen Britt

Virtual Real Estate Ownership In The Metaverse Explained

NFTNFT, VirtualCities, VirtualRealEstate

Ellen Britt for CNT #NFTEven though it seems like everyone is talking about virtual real estate, what is it exactly? After all, if you are going to take advantage of the virtual land rush that’s taking place right now, you need to have an understanding of what it’s all about. We’ve got you covered!Not Your ImaginationVirtual real estate, also referred to as virtual land, is not just something imaginary. These “plots” actually exist but they are digital and reside in a 3D online space, using such platforms as The Sandbox, Decentraland, or the soon-to-launch Mint City Places. Users access these spaces…

Mar

02

2022

By Ellen Britt

How To Develop Your Metaverse Land Lot

NFTMintCityPlaces, NFT, VirtualRealEstate

Ellen Britt for CNT #NFTOK, so you have taken the plunge and purchased a lot in the metaverse? Now what? Buy and hold, or do something else entirely?Hold On!One of the easiest and most common ways to profit from your virtual real estate purchase is to simply hold on to it, and anticipate that prices will rise and you will be able to sell later for a profit. After all, no matter which metaverse you choose to play in, from The Sandbox to Decentraland to up-and-coming Mint City Places, there is only some much real estate to go around in each…

Feb

02

2022

By Troy Warren

Metaverse real estate sales top $500 million, and are projected to double this year

Crypto, NFTCrypto, NFT, VirtualRealEstate

Robert Frank | CNBC.ComTroy Warren for CNT #NFT #CryptoSales of real estate in the metaverse topped $500 million last year and could double this year, according to investors and analytics firms.“There are big risks, but potentially big rewards,” said Janine Yorio, CEO of Republic Realm, a metaverse real estate investor and advisory firm.So far, real estate sales have been concentrated on the “Big Four” — Sandbox, Decentraland, Cryptovoxels and Somnium.Sales of real estate in the metaverse topped $500 million last year and could double this year, according to investors and analytics firms.Real estate sales on the four major metaverse platforms…

Jan

08

2022

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By Troy Warren

NFTs and the Future of Real Estate

NFTMintCityPlaces, NFT, Virtual3DWorld, VirtualRealEstate

Troy Warren for CNT #NFT NFTs have rapidly been gaining in popularity, and as interest grows, many are beginning to look at the real-world applications of the technology. One such application captures the biggest asset class in the world – real estate. What do NFTs have to do with Real Estate? Non-fungible tokens are smart contracts that set the terms of sale and signify ownership over an asset. Sound familiar? Of course it does, because that’s how real estate contracts work too. A real estate contract sets the terms for the purchase, sale, and conveyancing (transfers of legal ownership) of real estate.…

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