Looking for a Hot Virtual Asset in Decentraland, The Sandbox, Holiverse, Somnium Space

What does it mean to buy virtual real estate? It isn’t easy to imagine what you have invested in, especially if you are buying just virtual land with nothing built on it yet. What you’re buying is intangible. You have acquired a piece of code inside the metaverse. However, rest assured, the land you buy is uniquely positioned within the digital landscape and permanently assigned to you. The question is, what can you do with it? Here’s how The Sandbox, Holiverse, Decentraland and other popular virtual worlds handle real estate.

The Sandbox: Owning Virtual Property Can Make You Rich

The Sandbox is one of the most sought-after metaverses today. The list of prominent brands within this metaverse is growing. Atari, Adidas, and Warner Music Group have acquired their spaces there. The platform has signed over 400 partnerships, hosting big names such as The Walking Dead, the Smurfs, Binance, and Care Bears.

Companies invest in virtual real estate to sell products, create entertainment hubs, and host immersive virtual gatherings for fans and employees. The appeal is clear: by 2022, The Sandbox reached 1 million players, and by 2024, its registered user base exceeded 5 million.

The Sandbox’s virtual land, estimated at $168 million in 2022, has experienced market fluctuations during crypto winter. Those who purchased parcels directly from the platform paid $400. However, on the secondary market, these prices have skyrocketed.

Factors affecting the price include:

• Parcel dimensions: four sizes of LAND from small parcels (3×3) to X-large (24×24)
• Proximity to notable brands or celebrities

Areas near popular brands are high-traffic and more visible. When Snoop Dogg purchased land within The Sandbox, he established a virtual estate called the “Snoopverse”. There, he recreated the elements of his lifestyle, hosting virtual parties and exclusive NFT drops for his fans. The unknown user who purchased a parcel adjacent to Snoop’s estate paid $450,000. The most expensive virtual property in The Sandbox was sold for $4.3 million.

Users prefer The Sandbox because of the user-friendly tools it offers. It offers VoxEdit and Game Maker, allowing users to create games, experiences, and interactive content without coding skills. It boosts users’ creativity and engagement while contributing to the metaverse’s vibrancy.

Find the virtual property that fits your style. California Dreamin’ Neighborhood offers a relaxing beachfront vibe and proximity to famous brands like Playboy or Faze Clan. Voxel Madness hub is ideal for game enthusiasts and fans. Those passionate about fashion and media can select Galleria Neighborhood, which offers the chance to live near icons like TIME magazine and Paris Hilton.

Decentraland: A Blend of Ownership and Creativity

Decentraland is a decentralized, blockchain-based virtual world built on the Ethereum blockchain. One of the metaverse’s premier destinations, it offers a unique blend of gaming, social interaction, and creative freedom.

The success of Decentraland is fantastic. In 2020, the metaverse was opened to the public, and just a year later,r one of its virtual properties was sold for $2.43 million! It was a record-breaking amount at that time. It was higher than most homes in San Francisco and Manhattan. Tokens.com purchased the strategic location in the heart of the Fashion Street district.

Companies and individuals invest in Decentraland’s virtual properties to host events, establish entertainment hubs, or connect with a growing audience. It’s no surprise — Decentraland’s user base has skyrocketed, jumping from 40,000 to over 800,000 users within a short period.

When buying virtual property, consider such factors as:

• Proximity to key areas

Such a prominent area as Genesis Plaza, the central hub for Decentraland, attracts higher prices due to heavy visitor traffic. This is the place where users appear first.

• Land configuration and development potential

Larger estates offer greater creative potential but demand more management, while smaller parcels are simpler to handle. Other things, such as pre-built structures on the land, can also assess the development potential.

• Market trends

The property cost can vary from 3,000 USD to several millions. Much depends on the market conditions.

Popular Decentraland’s districts include attractions which cater to every taste and purpose: from Dragon City, inspired by Chinese traditions, to Vegas City, modelled after Las Vegas, with vibrant nightlife, casinos, and entertainment and Aetheria, a cyberpunk-themed neighbourhood hosting unique events.

The Rise of Somnium Space

Somnium Space is associated, and first of all, with a seamless virtual reality experience. First-time users frequently highlight these features. Though the locations are scattered across various servers, this is hardly noticed within an expansive metaverse. The platform provides fully customizable, programmable environments where users can buy, sell, and develop virtual properties. The metaverse is built on the Ethereum blockchain, so its land parcels are sold as NFTs. It helps to secure ownership and streamline transactions in the virtual housing market.

Beyond financial convenience, users benefit from the Software Development Kit (SDK), which boosts creativity in the community members. A powerful toolkit allows us to easily create custom assets, develop interactive environments, and foster vibrant communities.

Somnium Space offers land parcels of different sizes: S (200 meters), M (600 meters) and XL (1500 meters). If small parcels start at around 3 ETH, larger ones can reach astronomical prices. Sometimes, prices exceed 10,000 ETH, making creative outlets a promising investment opportunity.

Holiverse: The Emerging Gem in Virtual Real Estate

Holiverse is a fresh perspective on virtual property ownership. This metaverse is in its early stages of development, so its potential is just beginning to unfold.

Holiverse, led by its CEO, Lado Okhotnikov, highlights the freedom to follow your passion and emphasizes creative expression over speculation. Though it stands apart from other commercialized platforms, this ecosystem doesn’t underestimate the importance of the metaverse economy fueled by its native token, Holichain.

The in-house team designs unique environments, leveraging the platform’s evolving tools. Since the metaverse is in its early phase, budget-friendly options are offered for virtual property buyers. While it may not yet rival established metaverses, it can be your chance to shape a growing digital community. If you are seeking a possibility to profit from the metaverse’s explosive growth, Holiverse can be the answer.

The bottom line

The virtual real estate market is no longer a niche for crypto enthusiasts. Even non-tech users recognize the potential of this booming frontier destined to grow. This is where technology, creativity, and investments converge, offering endless opportunities. Platforms like The Sandbox, Decentraland, Somnium Space and Holiverse cater to diverse preferences. If you’re ready to venture into a new digital frontier as a creator, investor, or simply curious explorer, there’s a virtual neighbourhood prepared to welcome you.