Should I Buy a Property in Metaverse?

Sujan Afi S

Some of the readers amongst you must be fans of Bollywood Badshah Shahrukh Khan. You must have seen the movie Ra-One! There the child Prateek is sceptical. So, his father Shekhar composes a game where the antagonist (Ra One) is more powerful than G One, the protagonist.

The gaming world is virtual at the initial stage. Then G One challenges the antagonist. Then the plot progresses at its own pace.

Well, you must think, why is she telling us a story on a blogging platform that’s dedicated to articles related to real estate?

Well, I just wanted you to think of the virtual world. That is almost the real world nowadays! In the movie, we have technology that brings the characters to the real world.

But, in reality, we don’t have any such technology. But we can have our own space in the virtual world too. How? Here comes the importance of Metaverse!

Well, though the term is now being discussed a lot, questions are also being raised on its worth in reality. For instance, if I tell you to buy a property in the world of the metaverse, why would you?

Well, you can decide that on your own after reading this blog!

What is Metaverse?

To put it simply, the metaverse is a digital space where you can invest in several things just as you invest in your real life. You can buy and sell as per your wish in this digital world too.

We tend to think that it is only a gaming platform. However, it is much more than that. It is a virtual world where we can live, work, and play online. It is something beyond reality!

Should You Invest in Buying a Property in the Metaverse?

Well, by now it is clear that metaverse is not just about games. As the days are passing by several new fields are getting included in this world. The real estate sector is not sitting back! Now you can also buy virtual property in the metaverse world! Ta-Da!

Alright, you must think, Sujan, how much will it be justified to invest in virtual property? Why should you invest millions and millions of rupees in a thing that you can’t even touch in reality? Well, there must be some reasons why a huge number of people are walking in the same direction. Let’s see why.

There is a saying that you can’t live alone for your entire life. You have to talk to others, you have to take help from others, you have to help others. This is what makes us different. So, to progress, you have to be updated.

For instance, if you run a company you have to understand and respect the demands of your customers. Else, you won’t be able to run your business. The same is happening now. We are witnessing that a huge number of commercial institutions, real estate developers, individuals, etc. are investing in the metaverse. So, it’s high time to do so.

Research says that the world of the metaverse is the near future of the real estate industry. Why? Because it gives you more space.

For example, you buy a virtual house in your favourite metaverse; now, you can sell it to a person who is sitting at the other corner of the world!

Will you be able to do that in real life? No! It is not possible. So, if you buy a property in the world of the metaverse, it gives you more opportunities to get connected to a wide range of customers.

However, if you ask me whether it is safe to invest, then the answer is ‘No’. To be very practical, it is not the time to say whether this new tendency will be a great success in the future. If the metaverse platform folds for any reason, your investment turns out to be a great loss.

In Summary

Well, then the question is, should you invest in virtual property? The answer lies in you! Do you want to spend a lot of your precious time in a virtual world? Do you want to spend your money on something that does not exist in reality?

The answers are very subjective.

However, I would say that think twice before you make any decision. There are some advantages as well as some disadvantages of investing in virtual property. Your ethics will give you the right answer.

In case you are confused then you can consult with a real estate agent before you invest in the world of the metaverse. Roodland can help you in this regard. Drop a mail at info@roodland.com.

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