Real estate has always been categorically classified as a good investment because it is backed by a tangible asset and it appreciates in value over time. It is no different in the metaverse where the market for virtual real estate is exploding.
Decentraland is a completely decentralized virtual world where you can buy, build, and sell digital real estate, artworks, or NFTs. You can do all this by playing games and interacting with various activities in the virtual world!
Decentraland is governed by its users via a decentralized autonomous organization called the Decentraland DAO. The metaverse has two native tokens – MANA and LAND.
SuperWorld is an NFT startup that sells virtual real estate in the Metaverse. Basically, it allows users to own real estate assets like a house, building, and or famous landmark backed by a blockchain transaction.
Browsing properties on SuperWorld feels a lot like searching for an actual home on Zillow or Redfin. You navigate a map provided by OpenStreetMap, and each unique parcel is clickable.
In this regard, SuperWorld mirrors the business model of the real estate industry. NFT holders can monetize their virtual property by letting companies advertise on the land or even sell the land to them.
The primary function of LANDs is to host and play experiences upon them, such as games, dioramas, galleries, social hubs, and so on, which can be monetized by the owner as a source of income.