If you are not a tech geek and heard metaverse is a promising area, you heard it right. Here is a blog just curated for you to know everything about metaverse from basics. You can also get insights on Metaverse real estate development, which would be the right choice for budding entrepreneurs like you. 

Basic Intro on Metaverse

When people heard the term metaverse for the first time, they thought it is something related to science fiction. It was indeed a science fiction term explained in a book called Snow Crash, exactly 30 years ago. It was something which is a virtual reality-based internet that will be a successor to the current internet we use. Blockchain is already bringing the next version of decentralization of networks through web 3.0 which is something we can deal with later. Coming back to Metaverse, it is a virtual reality world where people can co-exist in the form of 3D avatars. 

To make it simple, it is another world where you can do day-to-day activities just like you do in the real world. This is possible through extended reality (XR) or Mixed Reality (MR) headsets which is a combination of virtual reality and Augmented reality. 

Metaverse has already created a buzz with beta versions of big shots projects coming out. Facebook a.k.a Meta and its Horizon world, Microsoft and its Mesh, Nvidia and its Omniverse, and many more are already giving the people curiosity to experience metaverse. Metaverse has a wide range of applications right from education to entertainment. Some of the areas where entrepreneurs are trying to apply metaverse are

• Metaverse Games for real-time gaming
• Metaverse e-commerce for an improved online shopping experience
• Metaverse social media platform for improved interactions
• Metaverse real estate development
• Metaverse Education platform for a real-time learning experience
• Metaverse NFT marketplace

Technologies used in Metaverse

Did you know, techno-geeks interested in metaverse are eyeing this emerging tech and getting ready to buy a piece of virtual land in the metaverse?

Metaverse is that one technology that is going to change the whole game of how people are using the internet today. Metaverse development is based on 7 powerful technologies that is been in use today. They include

• Virtual reality
• Augment reality
• Artificial intelligence
• Blockchain
• Cloud computing
• Internet of Things
• Brain-computer interfaces

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What is Metaverse Real estate?

You should have understood metaverse is a virtual world that will be similar to our real world by now. Did you know there are already mansions and buildings being erected in metaverse in the form of NFTs?. Well, NFTs are just like currencies or bonds that help people depict the ownership of assets today. It is etched on the blockchain and cannot be hacked or modified. This gave a path to metaverse real estate development. 

Did you know, Hampton Hall, an 11 bedroom property in London is the world’s first mansion in the metaverse? Yes, people started erecting their properties in the metaverse. This Hampton hall is said to be worth 29M in the form of NFT.

Metaverse real estate deals with parcels of land or digital space in the virtual world. It is a space that is programmable and can be used as a space to perform any virtual activity from social gatherings, games, etc. Virtual Land Estate In Metaverse saw a sudden surge from the last quarter of 2021 and it is continuing to grow at a steady pace. There are already metaverse games that are based on the real estate that came out. Sandbox and Decentralad are already having a huge user base where they actively participate in buying and selling virtual lands

Why do people need Metaverse real estate?

Metaverse real estate development is literally building a whole new world in the digital space for people to co-exist. The Hampton hall mentioned earlier is up for sale and people can get a tour of the mansion through a metaverse. 

It is also possible for the people who own a metaverse property to have a social gathering with people who are not present in the current physical space. This has brought many metaverse properties in the game like Mars house, meta mansions- a collection of 8888 luxury houses, and more. People are ready to spend millions on these properties in the form of NFTs.

At AppDupe, our team is familiar with trending metaverse development practices and offers you the best experience in the metaverse. We concentrate on bringing out the best user interface for your metaverse platform with post-development assistance.

Takeaway

Metaverse real estate development is getting an overwhelming response from the public, all you have to do is to get in touch with expert developers and have an ideation session with them for your real estate property. Be an early adopter of the technology and give a glimpse of metaverse to the public. 

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Author

Marketing is my soul mate and writing is my side kick. Using my writing skills to share the knowledge of app development and upcoming technologies.

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