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What are the Benefits of Owning a Virtual Land?

March 8, 2021

It is an exciting time to be alive! An era of very innovative and disruptive technologies like artificial intelligence, smart devices, self-driven cars, blockchain, augmented reality and the most recent of which are NFTs.

NFTs provide a medium by which user’s content like arts, games can be tokenized and sold without having a physical presence as a sculpture or game console. There’s also virtual worlds that can be tokenized too, which leaves you wondering how a vast expanse of land can be owned simply by holding a NFT. Well, this and among  others currently accounts for the frenzy in the NFT space! The fact that you can own a work of art, game, and virtual world by holding the NFT. That’s some disruptive tech in play.

NFTs have come to stay, a reason it’s on the lips of many big players both in and out of the crypto space. Metaverse NFTs are beginning to gain wide recognition in the market for NFTs which owes largely to its usability and benefits accrued to the ownership. Virtual lands which are the major focus of metaverse NFTs are spatial domains, and owners of such domains have control of the AR/VR experiences on that geographic coordinates. Take for instance you own a web domain, you and only you reserves the right to control what content is displayed on the website, same applies for virtual lands. 

OVR is one of the leaders in metaverse NFTs that makes it possible to own a virtual land by holding the NFT- OVRLand.

A leader in Metaverse NFTs

OVR is the decentralized infrastructure for the spatial web, merging physical and virtual worlds through Augmented Reality, creating a new dimension where everything is possible.

Benefits of owning a virtual land

Metaverse NFTs are the most valuable in terms of average price if compared to other categories. The average price of metaverse NFTs is $249, and OVRLands at a base price of $10 is a very high potential investment when compared with other of its counterparts. This, owning a $10 investment in OVRLand will accrue the following benefits:

  • The ability to contextualize custom experiences related to specific geographic locations, from static 3D content to Games, Events, Avatars and any experience you dare to dream on your virtual land.
  • You will be able to freely trade your OVRLands among users in a decentralized fashion through the use of the marketplace OVROwner. This means that as an OVRLand owner, you can decide what kind of experience the  user will experience once entered in the OVRLand.
  • Get paid in OVR tokens by users which also includes advertisers that want to interact with the experience in your OVRLand.

OVRLand goes for a very affordable price of $10 in OVR today which will likely not remain the same in future. A classic example is the land sold at Granada: The Palace of Charles V that sold for approximately $900 as at the time of purchase. In this month (March), the secondary market for OVRLand trading will be live on the OVR official website, where the OVRLand owners can start the trading without minting the ERC-721 NFT. There’s still opportunity to get in and own yourself some expanse of virtual land.