there are already people buying and registering houses or streets of others in the digital world

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The real estate market is one of the markets that moves the most money, but many buildings already have owners. The same does not happen in virtual worlds, recently created and where the most emblematic places are still available and at a “moderate price”. One of the initiatives encompassed within the popularly known metaverse is that of Next Eartha German platform where they have created a copy of the Earth, they have divided the map into virtual plots of 100 meters and are putting it up for sale.

Now these virtual copies of cities are beginning to attract investors, with a few users owning a large part of a city’s buildings. This type of platform, based on blockchain, they have improved their appearance over the years, but they are based on a very old idea.

Virtual cities are filled with real estate investors: more than 50 million dollars to buy houses that cannot be lived in

There are people paying for our houses, but it is of no use to them

The squatting phenomenon has the consequence that our property is being invaded, but with a physical presence. On the other hand, the purchase of our houses in virtual worlds has no repercussions for us.

At the moment, a person could buy our house in a virtual world. And in another virtual world it would have another owner. As many times as they are willing to spend their money. Although it is clear that it has no legal implication, because there is no public administration to support it, there are investors who are paying significant amounts of money in these virtual worlds.

Buying Houses

Next Earth works with MATIC Y the most famous buildings in each city have a very high price. As in most platforms, it is an “anchor price” to promote the purchase and try to increase the value of the rest of the plots. A spinning wheel that drives resale; just what these NFT platforms are trying to achieve.

NFTs and copyright: why for a lot of money invested the rights remain in the hands of the original creator

Next Earth is a complete platform and whose NFTs can be resold on OpenSea, but as we have explained on previous occasions, an NFT does not grant associated rights. Therefore, having the NFT of your house does not mean that they will have any kind of influence.

One of the wishes of these platforms is that in the future, if augmented reality glasses become popular, they can take advantage of these NFTs to build virtual ads associated with locations. In that supposed case, the owners of each virtual house could charge a rent to the brands that wanted to advertise there. A promise too far still.

The real estate market is one of the markets that moves the most money, but many buildings already have owners.…

The real estate market is one of the markets that moves the most money, but many buildings already have owners.…

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