The metaverse has become one of the most popular words of our decade. It has captured the attention of many critics as well as supporters, who can recognize the immense benefits of this newly emerging technological development. Although this term has only recently become more popular, many people and businesses have already jumped on the train and invested their resources to secure their front-row seats in the still-developing virtual world.
DecentWorld, a Swiss-owned blockchain metaverse platform, has taken a relatively novel approach on the concept by creating a digital copy of the whole world and selling Streets as scarce NFTs both to individuals and businesses all over the world. After the recent launch of 3D Downtown Dubai, anyone can join the metaverse and explore the metropolis in an immersive way.
Jumping in Before the Prices Skyrocket
Those who have realized the potential of the metaverse early have already made the decision to mint scarce NFTs on the Primary marketplace for merely a minting fee. The owners then can choose to either keep the NFTs or trade them on the Secondary marketplace at the desired price.
“A number of the priciest and most well-known Streets, including 5th Avenue in New York, South Las Vegas Boulevard in Las Vegas, and Avenue de Monte-Carlo in Monaco, have already been minted, and their secondary market prices have increased dramatically, in some cases from $150,000 to $1,250,000,” the team shares. “This reflects the growing demand for the NFTs, which further fuels the development of the metaverse industry,” the team adds.
According to experts’ estimates, the metaverse has the opportunity to be valued at $5 trillion by 2030, which means that it will soon become one of the key tools that will redefine how people operate, interact, and collaborate with each other.
Securing First-Row Seats
What is so exciting about the metaverse is that it is a relatively new concept that, compared to the physical world, has few to no limitations. As more and more companies are starting to invest their resources into creating an exciting and fabulous experience for users, those who join early are also taking part in developing it according to their preferences.
“As with any new project, it is highly dependent on the users, which is why we are also very much interested in hearing our user’s experience so that we can make the best product on the market. We want to mold it according to the demand,” the team shares.
DecentWorld, instead of focusing merely on business needs and goals, is taking a different, bottom-up approach. The company’s ultimate goal is to create the most interesting version of the metaverse for users, and is therefore making users’ needs the main and key objective.
Enabling Advertisement Opportunities
It is without a doubt that the metaverse possesses great opportunities not only for individuals, but also for businesses worldwide. As DecentWorld is based on the real world, it can bring similar experiences to users, just without the limits, which would otherwise be easily encountered in the physical realms.
In Downtown Dubai, the DecentWorld team has placed a few Billboards, which can be bought by companies as placements for logos or videos. In the near future, the team is also planning to implement 3D Buildings as stand-alone NFTs, which will also be able to be purchased by the users and businesses of various industries.
“Those who own the Buildings will have an opportunity to lease them to third parties to host events, exhibitions, or stores in the metaverse. We are really looking forward to these features, because they will result in exciting cooperation and projects,” the team shares.
DecentWorld’s main objective is to create meaningful experiences for users, challenging the way we socialize, learn, and experience the world around us.
DecentWorld is a Swiss metaverse digital real estate platform built on blockchain technology to introduce a next-generation web3 experience. The platform allows members to mint and trade digital Street NFTs, which can then be combined into Collections. Completed and staked Collections have additional value as they generate yield that is paid out to the owner. Using state-of-the-art security features, DecentWorld also stands for trust and transparency in the blockchain industry.
To fully explore our metaverse, please visit www.decentworld.com.
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