5 Best Real Estate Metaverses to Watch for 2022

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7w ago2022-08-05

Buying real estate doesn’t have to be as tedious as it has been in the past. In fact, you can actually start buying digital real estate right inside the metaverse for a much lower cost than you would purchase it in the real world.

In addition, a handful of metaverses also intend to offer tokenized fractional shares in real estate properties, meaning you can own a piece of real-world real estate for a fraction of the price.

This article will cover some of the best real estate metaverses to watch for in 2022. Some projects intend to bring real-world real estate assets onto the blockchain, while others are highly popular metaverse-based real estate projects.

The five best real estate metaverses to watch for in 2022

  1. Real Estate Investment ClubThe best metaverse for real estate entrepreneurs
  2. Decentraland – The world’s most popular real estate metaverse
  3. Somnium Space – A social VR world with a complete economy
  4. Next Earth – A true land ownership platform in the metaverse
  5. Upland – A virtual property strategy game that is mapped onto the real world

A Closer Look at the five best real estate metaverses to watch for in 2022

1. Real Estate Investment Club

Real Estate Investment Club (REIC) is a project to bridge the gap between the real estate industry and the metaverse. It is a metaverse project designed to be the “go-to” place for everyone interested in real estate investing – inside or outside the metaverse. In addition, it intends to be an exclusive community where members can share ideas and provide education about investing in real estate, crypto, and NFTs.

The REIC NFT collection was designed by one of the creators of the Grand Theft Auto and Red Dead Redemption games, making them highly polished and extremely desirable.

The NFTs serve as your avatar to the REIC metaverse called MetaCity. REIC intends MetaCity to be the central hub of Metaverse-as-a-Service projects, creating a fully-fledged economy from which REIC members can profit. In addition, players can monetize their assets and services inside the metaverse to earn an additional income stream.

NFT holders have the following utility;

  • Metaverse Access – Exclusive access to the REIC – MetaCity and the REIC HQ.
  • Real-world events – The team intends to host private real-world events in premium locations, the first being Edinburgh.
  • Education – REIC – MetaCity will provide education for real estate, blockchain, crypto, and NFTs.
  • Entertainment – Network and socialize with community members through the Web3 platform and the metaverse.

At the center of the metaverse lies REIC HQ, the flagship product of the REIC team. This building is beautifully designed by a group of developers and architects. Inside REIC HQ, they intend to host regular meetups and education services. They also plan to provide future investment opportunities by allowing REIC members access to industry elites for personal mentorship in real estate investing.

It is essential to mention that the entire REIC metaverse is built using Unreal Engine 5, a popular gaming engine that produces top-tier games such as Gears of War and Fortnite. Using Unreal Engine 5 means MetaCity will be a highly detailed metaverse with battle-tested game mechanics and lifelike animations. Just take a look at the following video to see;