Although people frequently consider real estate to be a safer investment than stocks, it isn’t for everyone. Why many people are turning to NFTs as substitute.
Stability is similar to the scarcity concept that drives demand in many ways.
One more benefit of real estate is passive income since many real estate investors make money through rent payments that provide a steady income stream on top of the property’s value increase.
Naturally, leveraging a real estate asset makes the investment more accessible. Accordingly, this allows customers to increase their holdings even if they do not have enough cash on hand.
Digital landowners gain money by renting out land, selling it, developing virtual properties or companies, leasing it out, or swapping it for other NFTs as metaverse platforms evolve and more people visit these worlds.
NFT property is the equally valuable sibling of traditional real estate as the lines between virtual and physical realities blur.
A look at the virtual property from a closer perspective.
Users will discover a realistic experience on most platforms, which rely on a three-dimensional environment. Also, they provide users with an immersive aspect that in many respects resembles the actual world.
Like in the real world, people frequently divide these projects into smaller parts and offered as “land” or “plot” offerings. Although some initiatives allow cash, most plots are acquired with the asset’s native cryptocurrency.
A third component takes into account current trends in how and where individuals spend their time. As more individuals participate online, it seems reasonable to reason that the assets they want to show off to their peers and their “flexes” may exist in the digital arena as well. For these reasons, facilitating the shift from physical to digital space may not be as farfetched as doubters formerly assumed.
Last but not least, the study of the numerous digital applications that firms might use to make money is still in its early phases. Several hosted meetings and conferences have already been switched to a virtual environment as a result of the COVID-19 epidemic. This allows team members from all over the world to participate. Many parts of virtual workplaces will continue to exist even when the world reopens to in-person business. This happens thanks to costing savings from airline tickets and increased cooperation.
Getting into NFTs community
Contrary to popular belief, acquiring and selling metaverse land is a rather easy procedure, with one of the most important options being which platform to choose.
KEYS Token, a real estate-based cryptocurrency ecosystem built on Ethereum, is one prominent initiative that stands out above the others (ETH). According to its product roadmap, KEYS has already released its revolutionary Meta Mansions NFT collection. And it has plans for more releases as well as a rental app in the future.
The advantages of owning KEYS digital real estate extend beyond the digital realm, allowing investors to get special discounts on partner products and services, as well as invitations to exclusive KEYS events held both in the KEYS Metaverse and in the real world.
As real-life and digital dwellings grow increasingly intertwined, KEYS Metaverse investors will have a unique option to diversify their holdings. In the meantime, they also contribute to the development of the next version of the internet.