This question is pretty popular now how can I enter into Metaverse? This article on how to buy Land in XANA is an excellent place to start your Metaverse journey. You’ll be excited to know that becoming a virtual land investor is pretty simple.
What is Metaverse Land?
Metaverse land is purchasable parcels of land that can be represented as non-fungible tokens. Virtual Landowners can utilize them for socializing, gaming, working, advertising, or purely for speculation. Primarily, a Metaverse project divides its map into smaller areas and sells them into parcels of land by enabling users to build and construct over them. Owning a digital property is similar to physical real estate.
A virtual lot is a programmable space where people can build or design their own homes, art galleries, event spaces, or virtual shops. The only limit is your imagination. However, what you can create depends on the metaverse platform you choose.
How Can You Purchase Land within the Metaverse?
Purchasing land in the virtual world may seem daunting at first as there are specific terms and processes involved, but it is a simple process, and in just a few steps, you can purchase land from the metaverse digital land. You can purchase Metaverse virtual land in two ways:
- Buying from the NFT Marketplace
- Directly buying from their respective metaverse platform
Additionally, purchasing NFT lands follows the same process as buying any other NFT. All you need is a wallet and cryptocurrency. As with any investment, always do your research before taking an opportunity.
Step 1: Choose a Metaverse Platform
Before purchasing a Metaverse property, you must select a Metaverse platform. Your reasons for buying a property will influence the project you choose. Suppose you are buying your digital land on XANA, then here are the steps you need to follow to make a successful purchase.
Step 2: Set up your wallet
It would be best to create a wallet that gives you access to your cryptocurrencies. Depending on your preference, you can use mobile or browser-based wallets. However, using a browser-based wallet is usually less of an issue. MetaMask or Binance Chain wallets are excellent options as they support multiple blockchains, but always ensure your wallet keeps NFT land’s blockchain. When you set up your wallet, you are given a set of words called a seed phrase.
Step 3: Connect your wallet to XANA’s native marketplace
Go to your desired marketplace and connect to your crypto wallet. We use the XANALIA marketplace, but you can use any other available marketplace. Note that XANA is built on the Ethereum blockchain, so you must connect your wallet to the Ethereum mainnet.
Please note that if you need to deal with blockchain, you will need to confirm all actions and transactions from your wallet. Verifying connectivity from your wallet to the XANALIA Marketplace would be best. The XANA map shows lots of virtual land parcels you can bid on. Some can be purchased directly from the XANALIA marketplace.
Step 4: Select a Metaverse Land
The following process is researching and choosing the desired metaverse Land. Looking at a XANA map, you’ll see many parcels for sale. Mouse over to see owner and price. The seller offers a sale price for the digital land parcel, but you can bid on any amount. The downside to participating in auctions is that it usually takes months (depending on the seller) to see if you win.
Step 5: Purchase the Desired Parcel
Once you have chosen your desired parcel, click the “Buy” button to complete the purchase process. Assuming you have crypto in your digital wallet, you need to confirm the transaction from your wallet. Here’s how to buy Metaverse lands in XANA.
Once the real estate transaction is confirmed and executed, you will see the NFT in your digital wallet. You will also be registered as the new owner of the property. From here, you can decide whether to keep your property for a while, build something, or relist and resell – hopefully profitable. It’s that simple.
With the procession of new technology, investing has risks and rewards. The possibilities of technology are almost undisputed. Admittedly, the metaverse land may seem daunting to many, but virtual worlds and their associations with virtual reality, augmented reality, artificial intelligence, etc. Over time, you will know that the Metaverse is just a speculative investment filled with overpriced digital real estate or if virtual worlds are the future of the Internet.