Real estate NFTs – this term has been causing both excitement and restlessness among crypto communities lately. Many can recognize the immense impact that NFTs could have on people’s daily lives in the near future, but some are still awaiting the best time to get their hands on their first Assets.
The Swiss-developed metaverse DecentWorld, which has caught the attention of the online community with its real-world virtual Map, is creating incentives for its users to buy real estate NFTs early and in that way increase the possibility of it growing in value over time, while actively playing a role in the development of the virtual world.
Digital real estate, just like any other NFT, is also held on blockchain, and can be linked to its real-life counterparts. However, digital real estate can benefit its owner even without being linked to actual real estate, as it is possible to rent and sell such Assets with gains as big as in real life.
Trend Stemming From Long-Working Principles
DecentWold has taken its own spin on things by creating a luxurious one-to-one digital world replica and allowing its users to explore cities in a new and inviting way.
“We have created a user-friendly 2D Map with more than 18.5 million NFT Streets available for purchase all around the globe. Now, anyone can become the owner of the world’s famous streets, such as Broadway, Abbey Road, or Sheikh Zayed Road. In the near future, these will then become the basis of integrations with businesses and various collaboration possibilities,” the team shares.
The project has already sold some of its most Elite NFT Assets, like 5th Avenue, Avenue de Monte-Carlo, both sold for $1M, or Wall Street, sold for $0.9M. The most expensive Asset on DecentWorld was sold on its Secondary Marketplace. South Las Vegas Boulevard was purchased by user SomneukChina for a whopping $1,25M, from a user nicknamed YB46.
As the world of the metaverse is still taking shape, many companies are also starting to experiment with their approach to creating unique and intriguing value for their customers. Well-known companies such as H&M, Adidas, Facebook, Starbucks, and Samsung, to name a few, have already explored the possibilities of using virtual land to produce unique and outstanding experiences for their customers. And the need for such projects is picking up pace.
It Pays Off to Be Early
As the popularity of NFTs grows, so does their value. By purchasing an NFT early, users only need to pay the minting fee, and there is a bigger possibility that its value will increase when listed on the secondary NFT marketplace.
“DecentWorld has recently launched a new feature that allows users to combine their Streets into Collections. To do that, one must assemble all Streets from one deck either by purchasing them from the primary or secondary market.
When completed, Collections can be staked and generate yield for their owners. This gives our users a unique opportunity to take matters into their own hands and interact with the virtual world in a gamified and entertaining way,” the team explains.
Another benefit DecentWorld users will be able to enjoy is the ability to rent their digital real estate or receive a certain commission from other users, depending on the type of property. As Streets – and, later on, Buildings – are divided into four different levels (Basic through Elite), users are able to acquire Assets depending on their prominence. The fees and commissions will be based on their price.
The project is ready to launch yet another exciting addition to its already substantial platform. Soon a new release, 3D Downtown Dubai, will be accessible to the platform’s users, where they will be able to walk the streets of future Dubai, immerse themselves in a real life simulation and interact with other metaverse explorers.
DecentWorld is a Swiss metaverse digital real estate platform built on blockchain technology to introduce a next-generation web3 experience. The platform allows members to purchase and trade digital Street NFTs, which can then be combined into Collections. Completed and staked Collections have additional value as they generate yield that is paid out to the owner. Using state-of-the-art security features, DecentWorld also stands for trust and transparency in the blockchain industry.
To fully explore our metaverse, please visit www.decentworld.com.