Fun

What You Can Create With a Small Piece of Land in the Metaverse

News Feed - 2021-12-26 11:12:39

What You Can Create With a Small Piece of Land in the Metaverse


Everybody inside and outside of the metaverse world knows that land ownership is important, and acquiring a plot of land is a very traditional investment. What most people outside of the metaverse world don’t quite understand — or are still not convinced of — is why people want to become landowners in the metaverse, and what such virtual land ownership can actually bring them. What Can a Small Plot of Land Do in the Metaverse?


Just to be clear, not all metaverse games have the same popularity level and not all of them are developed with land ready to be sold to investors. The Sandbox is one of the leading metaverse games and the Alpha release gave me a very concrete idea of how metaverse land ownership works. So I’ll take the land ownership in this game as an example.


When I checked the land price on OpenSea, ranking price from lowest to highest, I could see that the smallest plot of land in The Sandbox currently costs from $11,000 to $19,000. At the same time, large plots of connected land have been acquired by various brands and whales with deep pockets, and these landowners are likely to invest a lot more to make their plots attractive. So the question is: if you get the most basic, smallest plot of land as a private investor, what can you do with it to make it worthy, and even appealing?


For landowners that actually plan to build experiences and not just hold a plot as an investment, the Alpha quests offered by The Sandbox serve as a great showcase for the potential of a small plot of land.


Not Only About Size


In the Alpha quest of The Sandbox, we played several small quests and each of them took up about four plots of land in The Sandbox world. I can’t help comparing the gaming experience I had with the “smaller quests” that took four plots of land — such as Club XYZ and Edge of the Abyss — to that of some “bigger quests” which consisted of 16 plots of land, such as Aldrak Garrison and Xalya Sanctuary.


Did I feel that the smaller quests were less appealing or less entertaining than the bigger quests? Not necessarily. The enjoyment level of one experience is not positively correlated with the size of the land, but with the story, the rich details, the many possibilities, the music, the sound effects, and other aspects of the game design. Can one tiny piece of land generate ten times the impact of 16 plots of land? Potentially, yes.


What also might be overlooked is how many “floors” you can build on a plot of land. Take the Alpha quest of Edge of the Abyss, for example. That quest took place in a post-apocalyptic looking, deserted industrial town which was built on the edge of a very deep “abyss.” The whole architectural structure was about six to seven floors high. When I entered the quest, I had to use ladders, snake paths, and floating platforms to move up and down the entire vertical structure to reach all the signposts. It was hard to imagine that the Edge of the Abyss was built on only four plots of land, because — thanks to the vertical structure — the actual game experience contains a much larger playable space than many other quests built on plots of comparable size.


If landowners don’t have the execution capabilities or skills to create all the assets and the game experience all by themselves, there is always the option of hiring a professional experience designer and asset creator to get the job done.


Possibility of Hosting a Metaverse Event


Another very popular use of metaverse land is to create a venue, such as an internet cafe, NFT gallery, dance club, or conference hall. All of these can be constructed on a fairly small plot of land.


For those who enjoyed The Sandbox Alpha, I believe that the iconic concerts and stages of Deadmau5 and Snoop Dogg were truly unforgettable. I wouldn’t be surprised if those celebrity concerts helped attract fans-turned-new-players to come and experience the Alpha quests. Besides the clubbing experience and concerts, NFT galleries are already so popular it’s impossible not to bump into a couple of them when you walk around in any major decentralized metaverse game.


When it comes to a metaverse conference hall, the main question is whether the existing games are technically ready to provide such infrastructure to facilitate real-time, multi-person interaction and voice communication.


In The Sandbox Alpha, I didn’t see the hosting of conferences as an option yet. In other major metaverse platforms, there were already a couple of conferences that took place. Although the experience seemed to be very basic, with only the speaker’s audio and a slide presentation. The crowdcasting capability is there, but further improvement is needed.



What would you do with a piece of land in the metaverse? Let us know in the comments section below. Tags in this story Metaverse, The Sandbox


  Neomi


An author from China with experience covering art, music, culture, tech, and travel. Bitcoin.com News sent her into the metaverse to capture the feeling of a pioneer entering this new reality. The Gift of NFTs: Why You Should Consider Buying an NFT for Your Loved Ones This Holiday Season METAVERSE | 5 days ago Snoop Dogg, Deadmau5 and NFTs — The Sandbox Alpha Game Review METAVERSE | Dec 17, 2021


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleCreator of App for Remittances to Africa and Asia Raises $65 Million in Series B Round Next articleInvestors in Collapsed South African Crypto Platform Reimbursed a Portion of Invested Funds Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItRobinhood Launches Cryptocurrency Gifts Program


Trading platform Robinhood is launching a cryptocurrency gifts program, allowing users to gift several cryptocurrencies, including bitcoin, dogecoin, ether, bitcoin cash, and litecoin. As with crypto trading, gifts are commission free and users can gift as little as $1 in ... read more.New Cryptocurrency Bill Advances to Senate in Brazil Snoop Dogg, Deadmau5 and NFTs — The Sandbox Alpha Game Review Indian Crypto Exchange Says 82% of Users Earn Profits This Year, Trading Volume Soars 1,735% Value Locked in Defi Continues to Slide, ETH Defi Dominates by 65%, Solana Transactions Reign

News Feed

Ethereum price clings 'crucial area,' drop below $2.8K looming
Ciaran Lyons7 hours agoEthereum price clings "crucial area," drop below $2.8K loomingCryptocurrency traders argue that Ether’s next move is crucial not just for Ether itself, but for Bitcoin as well.3082 Total views10
Helen Partz23 minutes agoCrypto Ponzi scheme AirBit: All but one exec now sentencedAirBit Club co-founder Dos Santos is now the last AirBit defendant not yet sentenced but is scheduled to learn his fate on Oct. 4, 2023.1
Mt. Gox creditors opt to hodl Bitcoin payouts — Reddit poll
Helen Partz10 hours agoMt. Gox creditors opt to hodl Bitcoin payouts — Reddit pollAs the Mt. Gox trustee has yet to distribute 64% of the Bitcoin owed to creditors, the Reddit Mt. Gox community is pushing the hodl agen
SEC will classify Ether as security, deny spot Ether ETFs — Michael Saylor
Turner Wright6 hours agoSEC will classify Ether as security, deny spot Ether ETFs — Michael SaylorThe MicroStrategy executive speculated that the SEC would consider Ether, BNB, SOL, XRP and ADA unregistered crypto asse
Major VC Firm Sequoia Capital Marks FTX Investment to $0 — Says ‘Liquidity Crunch Has Created Solvency Risk for FTX’
Major VC Firm Sequoia Capital Marks FTX Investment to $0 — Says "Liquidity Crunch Has Created Solvency Risk for FTX" Venture capital giant Sequoia Capital is marking its investme
Zhiyuan Sun8 hours agoKraken secures money license registrations in Spain and IrelandThe move follows the crypto exchange’s successful VASP registration in Italy.1166 Total views18 Total sharesNewsJoin us on social net
Dutch Law Enforcement Arrests Suspected Tornado Cash Developer in Amsterdam
Dutch Law Enforcement Arrests Suspected Tornado Cash Developer in Amsterdam According to a statement from the Dutch Fiscal Information and Investigation Service (FIOD), law enforce
US Lawmakers Urge SEC and CFTC to Create Joint Working Group on Crypto Regulation
US Lawmakers Urge SEC and CFTC to Create Joint Working Group on Crypto Regulation Two U.S. lawmakers have urged the chairman of the Securities and Exchange Commi
Unlimited QE and an Index Portfolio: How Fed Chair Jay Powell Can Pump His Bags
Unlimited QE and an Index Portfolio: How Fed Chair Jay Powell Can Pump His BagsIn mid-August the U.S. stock market defied odds and mainstream media claimed after the Standard & Poor
Marcel Pechman3 hours agoRobinhood accumulated $3B in Bitcoin in 3 months — What does this mean for markets?Robinhood’s Bitcoin holdings could reshape the crypto landscape by supercharging the influence of retail inv
Solo Bitcoin miner wins the 3.125 BTC lottery, solving valid block
Martin Young5 hours agoSolo Bitcoin miner wins the 3.125 BTC lottery, solving valid blockThe solo miner netted around $200,000 in rewards for validating block 841,286.6960 Total views39 Total sharesNewsOwn this piece of
Bitfarms monthly Bitcoin earnings up 34% amid increased hashrate
Ezra Reguerra40 minutes agoBitfarms monthly Bitcoin earnings up 34% amid increased hashrateBitfarms CEO Ben Gagnon said that the company earned 62% more Bitcoin since the Bitcoin halving event in April.177 Total views1 T