Nowadays, in an era full of digitization, new technologies, we ask ourselves how it all works and what is digital real estate. In short, digital real estate is any digital asset with some measurable value. In other words, it’s anything that can be sold or bought online. For example, you are reading this article on a phone or laptop that belongs to you. That phone or laptop is your physical asset. So your Instagram or web domain is your digital asset. The difference is that one functions in the real world and the other exists online.
Digital real estate is more than that
Today, technology has moved us to a third version of digital assets. This is the era of NFTs, virtual parcels, digital currencies and security token offerings. So, what is digital real estate? Digital real estate is more than owning a domain name or a website. It’s owning land in a virtual world, or even land in the real world that is tokenized to provide opportunities to invest in security tokens. Companies have created and are creating virtual worlds in 3D format.
What is Metaverse digital real estate?
So what is digital real estate in the metaverse? Digital real estate in the metaverse is a digital realm that is built entirely by the community using blockchain technology. It gives users their own property in this digital world where they can do whatever they want.
Did you imagine that there could be a 3D world? This is a world where you can interact and meet people in a game-like format. You can buy real estate there, just like in a game of monopoly.