How To Buy Land in the Metaverse
Step 1: Get a Digital Wallet
You need simply metamask wallet. If you have no idea what you are doing right now please do more research before buying a land.
Step 2: Choose a Buying Platform
Once you have your digital wallet set up, you have a few options when it comes to buying land. You can choose to buy property directly on a metaverse platform, such as Decentraland or the Sandbox, or you can go through a third-party platform such as OpenSea.
For first-time investors, it might be best to shop around on a third-party platform. OpenSea and NonFungible.com both allow you to shop around for virtual land parcels without having to continuously jump from one platform to another.
The advantage of purchasing land directly within metaverse platforms such as Decentraland or Sandbox, is that you get a strong sense of what kind of amenities are around and who your neighbors are. This is probably the more favorable route to take once you’ve gained some experience as a digital real estate investor.
Step 3: Make an Offer & Close on Your Virtual Real Estate
Decentraland allows you to put in an offer, which can be accepted or rejected by the owner. As long as your wallet is funded, parcel is selected, and the price is decided upon, you’re ready to purchase. The transaction is recorded on your wallet and generates an NFT title to the property which is exclusive to you.