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Renting or selling a virtual land? Now it is possible!

blockchain, land

If you own a plot of land or a house and plan to sell it in the future, this could be an interesting opportunity for you to broaden your horizons.

Let’s take a look at how to make money by selling and renting property in virtual reality.

Known for many years

Virtual realities are nothing new. We have known them for decades. For example, in Second Life, people can be seen creating a business based on buying, selling and renting virtual land. At its peak, Second Life made real estate sales person a millionaire.

With the advent of blockchain, the view of virtual reality changes a bit. Nowadays, it is possible to do virtual business in Decentraland, for example. Decentraland is a blockchain-based game that is very similar to Second Life. You can do anything there, such as building a casino.

With the advent of blockchain, the point of view changes

As our world becomes more and more digital, it was only a matter of time before people set out to buy virtual land. With the advent of NFT (non-fungible tokens) and blockchain in the gaming industry, the gradual valuation of virtual land as an asset can be expected. Just like in the real world. Investors are driven by the feeling that VR will be here as part of everyday life.

However, for virtual things to be valued at all, its number must be finite. So it applies to everything. If the possibility of buying property were endless, it would have no value. The NFT will take care of this fact.

Conclusion

Blockchain offers us absolute virtual ownership of virtual plots. For many people who are now in the state of early adoption, the purchase and selling of virtual property may change over time to a major income. Ownership, rental and sale of virtual land is still in its infancy and will continue to evolve.

Tip: If buying virtual property is too far fetched for you, you can try buying real property with digital currency. It is possible with one of our partners, Opisas.

Source: cointelegraph.com

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