Everyone from individual users to large corporations is talking about the metaverse. The craze for the metaverse is real, to the point that even Facebook has rebranded it to Meta to be relevant in the space.
At first, the hype around the metaverse seemed to be limited to playing games and interacting in virtual reality, but users do a lot more than just play games in the metaverse. Besides in-game accessories, users also buy virtual plots of land and real estate, with $900,000 being the highest price ever paid for a virtual plot.
Although prices are increasing over time, the interest of individuals, real estate companies, and other businesses in virtual lots is growing as well. These properties represent coordinates in the metaverse, offer different use cases, and the possibilities are endless. For example, these can be empty plots of land where creators can build on them or structures that mimic real-life characteristics.
Many experts in the traditional real estate and finance world have criticized the amount of money being spent on virtual real estate in the metaverse, describing it as odd to invest in a property that people can’t actually live in. In contrast, many other companies are optimistic about the metaverse and have begun offering products that align with their interests in the metaverse. For example, many metaverse real estate companies such as metaverse property have been set up to secure land and property in the virtual real estate space. Furthermore, companies like Sotheby’s are looking to secure plots of land to create art galleries and museums where they can display their NFTs.
NFT loot and Lootverse
While all of this reflects demand for real estate in the metaverse, what about supply? Introducing Loot NFT and Lootverse. Even in a dynamic space like the metaverse, Lootverse offers something unique when it comes to the real estate aspect.
The Lootverse attempts to blur the line between fantasy and reality in the metaverse, providing an incredible virtual world of 4,880 plots of land ready to be conquered. By joining the Lootverse, property owners – or Lootizens – can develop their plots and gain benefits by participating as Lootizen.
Furthermore, in the future, the Lootverse will be accessed through a tablet, known as X, which enables property owners to remotely access the Lootverse and thus, act like a Stargate. With this hardware solution, Lootizens can connect to an alternate reality of Loot NFT and explore it remotely.
Besides offering a virtual land full of possibilities, Lootverse is going a step further and aims to develop its platform to connect the metaverse with the real world by enabling users to visit the physical land, which basically serves as a gateway between the Lootverse and Earth. This feature is already being developed to be offered to users in the coming years.
The future of real estate lies in the metaverse, and with unparalleled features and concepts revolutionizing the space, Lootverse is ready to become a hub for virtual real estate development. However, to truly understand the potential of virtual properties and how the Lootverse could play an essential role in shaping the future, one needs to experience interacting with its blockchain powered virtual world.
About Loot NFT
Loot NFT, is a granular auction platform where members can bid in a “Battle Bidding” auction environment for NFTs. All participating members of the Mining Arena Loot Tickets (LTT) using Bidding Units (BUN), a coin with a limited bid of 500 million. Each NFT embodies a unique creation (digital or digital and physical), and awards ownership to the member who wins it in the auction. Loot NFT also aims to make the NFT space more inclusive and diverse, giving creators and members access to original NFT collectibles and an amazing world designed to take advantage of the metaverse into an enhanced alternate reality.
The adventure-themed world of Loot NFT contains 4,880 plots of land and allows landowners to tell the story of their land by minting up to 4 NFTs per plot, while also sharing revenue from the entire ecosystem. Owners can purchase from this metaverse using LTT in a Loot NFT auction environment called Satoshi’s Lounge. Loot NFT uses a two-way bridge between the authorized blockchain and the public blockchain to decentralize the units of its ecosystem towards a decentralized autonomous organization. For more information, visit the website: lootnft.io
