Real estate has been one of the most popular investment options for decades. It's a great way to diversify your portfolio, and it offers a number of advantages over other investment options.
- Real estate is tangible: This means you can actually see it, touch it, and live in it. The other benefit of this is that you have control over what happens to the property (as long as you own it).
- Real estate is limited: Unlike stocks and bonds, there's only so much land on earth, so there are a very limited amount of properties available for purchase at any given time.
- Real estate offers protection against inflation: The relationship between real estate prices and inflation is directly proportional. This means that if inflation goes up, so do real estate prices; if inflation goes down, so do real estate prices. There may be times that land value goes down, but historically, real estate prices are always bullish due to the fact that land supply is limited and the human need for housing is a must, essential, and non-negotiable.
BUT, what if the real estate properties are not-so-real, intangible, virtually unlimited, and highly speculative? Would you consider it as a safe haven?
Wait, is there such an “unreal real estate”?
Well, if you haven’t heard the news, someone just paid a whopping $450,000 just to be Snoop Dogg’s neighbor in a digital world. There may be a lot of questions that came to your mind like “Why would you buy a piece of property in a digital world?” and “What is Snoop Dogg doing there in the first place?”
You would think that they must be crazy.
But, would you think the same if someone tells you that Chase Bank opened a branch in Decentraland, one of the popular metaverses? Can you believe that a highly respected banker and CEO of one of the largest banks in the world, would open a branch in metaverse where he has a glowing digital portrait and a roaming tiger in the lounge? Well, he just did. And there is a growing number of known personalities and multi-billion Dollar companies that invested in the metaverse too including Meta (formerly Facebook), Microsoft, and Google to name a few.
What is Metaverse
In case you're like me and you need to look up this word all the time, here's what it means, according to Wikipedia:
"A metaverse is a network of 3D virtual worlds focused on social connection. In futurism and science fiction, it is often described as a hypothetical iteration of the Internet as a single, universal virtual world that is facilitated by the use of virtual (VR) and augmented reality (AR)."
The term metaverse is used to describe a 3D virtual reality space that functions as an online world. It contains elements of both real and imagined worlds and generally exists on the internet as a shared space that is accessible by multiple users. The earliest known use of this term is found in Neal Stephenson's 1992 novel Snow Crash, which features a 3D virtual world called the "metaverse" and depicts it as a dystopian cyberpunk environment. Here, the metaverse was accessed via personal terminals and served as a setting for much of the novel's action.
Real Estate and Metaverse
Imagine a world where the possibilities are endless. Imagine a place where you can be anyone you want to be, and do anything you want to do.
With the increased popularity of metaverse in many online games as well as the continuing developments in virtual and augmented reality technology, these ideas are no longer a thing of science fiction, but rather an exciting glimpse into our future.
Researchers from all over the world are developing ways for people to interact with each other virtually by creating avatars that represent them. These avatars will be able to carry out tasks that they would normally do in real life. Some examples of these tasks include going to work, doing sports, and interacting with other users in a virtual world. You can build your own virtual home. You could then invite your friends over to visit and hang out with them in this virtual home. Think of it like an enormous digital neighborhood or perhaps a vast digital city.
And in order for the metaverse to exist, where virtual activities happen, virtual parcels of land are needed where virtual houses, parks, roads, and other virtual buildings are built. Hence, the metaverse real estate.
People can use cryptocurrencies to buy parcels of land in virtual worlds like Decentraland. This is the metaverse version of buying acres of land in the middle of nowhere in real life. However, unlike buying a plot of land in real life, there's no guarantee that this piece of "land" will ever be worth anything because the value is entirely speculative.
If it is highly speculative, why it’s becoming popular? We will try to answer that in our next article.
In the meantime, while you're not yet convinced, you may want to stay in the real world and invest in “real and tangible” real estate. The good news is you can also do it online for as low as $1000.
EquityDoor is a crowdfunding platform that provides real estate companies with access to alternative funding sources and simplifies the process of investing for investors. It has two main features: one, they allow real estate project developers to quickly and easily raise capital through crowdfunding, and two, they operate as a marketplace where accredited and non-accredited investors can find and invest in deals.
EquityDoor provides an easy-to-use online platform that allows investors to search and browse available investment opportunities quickly and efficiently. It also manages all legal documents through electronic signatures and collects funds electronically. All of this means investors will be able to invest with less time involved and at a lower cost than traditional investments.
Investing through EquityDoor is as easy as 4 Simple Steps:
- Browse - Explore our marketplace of real estate investment opportunities
- Select - Choose investments that match your objectives and risk tolerance
- Sign Up - Create an investor account on EquityDoor
- Invest - Our real estate investing platform makes investing simple, secure & efficient
You can also watch the video tutorial below: