Digital Land is as important to the Metaverse as static web pages were to the earliest iterations of the Internet.
Countless Metaverse worlds enable communities and individual users to buy digital real estate. Essentially, they are purchasing elements of the Metaverse’s digital environment with which they, and other users, interact.
As in the real world, a purchased piece of digital real estate can be augmented — the owner can digitally build (or, more accurately, program) onto it. The Metaverse has a near-limitless variety of applications, so real estate-owners can develop a wide range of experiences, such as casinos and luxury stores.
However, not all digital real estate is equal (as in the real world). For instance, some may be closer to desirable locations within the Metaverse than others, which could be because of the local community or just game mechanics. As a result, the Metaverse’s land-trading marketplace is incredibly exciting and dynamic, providing users with lots to explore.