Bluemoon

The metaverse gained more popularity than ever this past year as we experienced a transition into a new era of digital connectivity in 2022, especially with Facebook officially changing to “Meta” in October 2021. The main idea of the metaverse lies in creating an entirely immersive replica of our existing reality without any physical boundaries meaning the potential of this new digital universe is almost beyond comprehension! Decentraland staged its first metaverse land sale before the end of December 2017, selling individual acres for about $20. The cost of the parcels rose to $6000 towards the end of 2021, and by the middle of 2022, prices had more than doubled to about $15,000. It’s these unprecedented spikes in value that has major players flocking to invest. Interest in Metaverse Real Estate has risen higher after multiple celebrities have purchased digital land. In 2021, a purchase of $450,000 was made for the land adjacent to Snoop Dogg's virtual home, allowing the owne...

Imagine immersing yourself into a virtual world with your friends, family, coworkers, and others while using nothing but your devices. Not long ago, something like this would have been merely classified as futuristic. People accessing multidimensional digital spaces was thought to be the stuff of science fiction and fantasy. Inconceivable.  However, in recent times, reality has caught up with many other once-theoretical developments in technology. Thanks to human intellect, imagination, and extensive effort, many formerly implausible technologies are coming to life. One such technology is the metaverse, and real estate on the metaverse is a current hot topic so let’s understand how it works. How does real estate work in the metaverse? The phrase "digital real estate" may seem absurd to those who are new to the metaverse. Although Metaverse Real Estate isn’t physically present, the blockchain offers secure ownership rights over a piece of (digital) land. Simply put, it ...