Monday, January 30, 2023
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Virtual Land Ownership: A Land Rush for the Digital Age

by firstcryptonews
July 15, 2021
in Press Release
Virtual Land Ownership: A Land Rush for the Digital Age

Ever since bitcoin’s 2009 launch, virtual assets have become a serious part of our economy. Today, cryptocurrencies alone have a market cap of over $1.3 trillion—that’s greater than the GDP of the United Arab Emirates, Israel, Hong Kong, and Singapore… combined.

Virtual asset platforms like Next Earth let you buy and sell virtual land, which is based on a digital representation of the Earth itself. Soon, Next Earth will begin early land distribution, which is the first phase in building a fully digital world.

In contrast to traditional marketplaces, virtual land ownership is designed to be decentralized, which means that buyers and sellers connect directly, without a middle-man.

NFTs and Virtual Land

Virtual land is an example of an NFT, or non-fungible token.

An NFT is a type of digital asset, like Bitcoin, that is unique and can exist as a distinguished entity. The technology has been implemented in the crypto-world as a way of storing data in a more transparent and immutable way. For example, you can store your digital ownership of a car, or a piece of artwork on the blockchain.

The technology has also been applied in the world of gaming. For example, CryptoKitties is an online game that runs on this technology. It allows users to buy, sell and trade digital cats for real money.

Some say that NFTs are an indication of the future and point to the fact that they could be used to create things like digital passports, revolutionizing how we think about identity.

NFTs are taking off because of their inherent novelty and their ability to be customized. Users can trade them in game economies, they can be used as collectibles, they can be used as a way to express oneself, and they can be used to establish a sense of uniqueness in the way we interact with the world.

While critics argue that NFTs have no tangible value, economic value ultimately comes down to supply and demand, and the recent hype in NFTs proves that there’s serious demand in this area.

How Does Virtual Land Work?

Virtual land ownership is digital land that has been designed to be accessible through the blockchain. In the future, virtual land is expected to become an extension of virtual reality (VR) and augmented reality (AR) technologies.

Virtual land ownership is becoming popular because it’s a way for people to access and purchase land, without needing to travel to any particular physical location.

As MarketWatch reports, the average person already spends the majority of their waking hours in cyberspace. Moreover, given that the average American is a gamer, it’s no stretch to see virtual land and associated concepts taking off. In fact, virtual worlds like Roblox already boast over 40 million daily active users.

How Does Virtual Land Ownership Compare to Traditional Assets?

While traditional assets like stocks, bonds, and real estate have been a staple for many years, there’s been a recent rise in virtual assets.

One of the reasons for this is that it’s easier to buy and sell virtual assets than it is to trade traditional assets. Virtual assets are also more accessible because they can be bought by anyone with an Internet connection.

Virtual land ownership is taking off because individuals can buy and sell these assets with relative ease. Virtual land ownership also has the potential to be more profitable because there is no cap on how much it can be sold for. At the same time, these assets have the risk of falling to zero, which means that they’re of greater interest from an entertainment perspective.

What is the Future of Virtual Land?

Today, virtual land ownership is on the rise and it’s because of people looking for a way to put down roots without leaving their own homes.

The virtual world is here and it’s here to stay. The next generation of landowners are currently being born and will grow up in a world where digital natives are the norm, and they’ll carry with them an understanding of virtual land ownership that far surpasses anything we might be able to imagine.

Ready Player One showed us a glimpse into what the future might hold for virtual land ownership. It’s not that far-fetched when you think about it. Digital assets are already a thing, people are buying into the idea, and before we know it, virtual worlds could be commonplace in our culture.

Contact:
Gabor Retfalvi
[email protected]
+36206655585

Related Posts

A Newly Created DAO Aims at Building a Time Machine

A Newly Created DAO Aims at Building a Time Machine

by firstcryptonews
January 30, 2023
0

The DAO’s core team intends to raise funds to enable a Thai professor to realize his invention Quite recently, in...

ModelVerse, an NFT Collection that Celebrates Female Beauty

ModelVerse, an NFT Collection that Celebrates Female Beauty

by firstcryptonews
January 29, 2023
0

NFTs or Non-Fungible Tokens, a popular form of digital art, thanks to Blockchain technology, have swept the space like crazy....

Synergy Integrates Social Media and E-commerce to Create a Platform that will Transform the Space for Good

Synergy Integrates Social Media and E-commerce to Create a Platform that will Transform the Space for Good

by firstcryptonews
January 27, 2023
0

Blockchain has found a lot of applications in the last few years, with several industries relying on it to bring...

Bobcoin: Bob Eco launches its 2nd generation African Electric Motorcycle

Bobcoin: Bob Eco launches its 2nd generation African Electric Motorcycle

by firstcryptonews
January 20, 2023
0

Hong Kong – Tech company Bob eco launched its second-generation Model X electric motorcycle. With the new changes to the...

R33LZ: An Innovative Social Media App on Web3, Built on the Blockchain

R33LZ: An Innovative Social Media App on Web3, Built on the Blockchain

by firstcryptonews
January 18, 2023
0

Welcome to R33LZ. The first social media crypto platform that allows you to watch, engage, share and monetize your content...

Web3 Music Discovery Club Launches, Uniting Music Lovers and Independent Artists Worldwide

Web3 Music Discovery Club Launches, Uniting Music Lovers and Independent Artists Worldwide

by firstcryptonews
January 18, 2023
0

Music is the soundtrack of life, it speaks to our souls and unites us all in a beautiful harmony. [Montreal,...

Next Post
crystal Elephant

CEFA: The Defi Solution that Brings Best Earning Opportunity through a Single Token

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Crayon Finance

Crayon Finance Is Running HeritageDAO As Their 1st SubDAO Project to Raise US$10M

1 year ago
Lawmaker Offers New Hope for ICOs in South Korea

Lawmaker Offers New Hope for ICOs in South Korea

4 years ago
Mars4

Mars4: Highly Liquid MARS4 Dollars and First-of-a-kind Revenue Generating Mars Terrain NFTs

1 year ago
NPAS signed an MOU with BANPICKSOFT

NPAS signed an MOU with BANPICKSOFT

10 months ago
Over 2,000 vending machines in Australia and New Zealand now accept Bitcoin

Over 2,000 vending machines in Australia and New Zealand now accept Bitcoin

3 years ago
GEMS Esports 3.0 Platform Successfully Raises 5,000,000 USDT

GEMS Esports 3.0 Platform Successfully Raises 5,000,000 USDT

10 months ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

January 16, 2023

Press Release

A Newly Created DAO Aims at Building a Time Machine

A Newly Created DAO Aims at Building a Time Machine

January 30, 2023

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News