Decentralized Autonomous Organizations (DAOs) are entities that collectively organize across social applications and the blockchain to achieve common goals and interests.

As the Metaverse trend continues to evolve, DAOs are gathering around the opportunity to use and invest in Metaverse. Given that Goldman Sachs has valued the industry at $ 8 trillion, the availability, ease of use and revenue generation of these virtual worlds have been striking.

The digital landowners of Metaverse claim some of the hottest names like Adidas, Nike, Snoop Dogg and JPMorgan. These organizations are investing in digital land and joining the Web3 movement to better connect with consumers.

However, the biggest barrier to joining Digital Landrush is cost. DAOs are committed to creating more equitable ways to invest in and benefit from these virtual worlds.

DAOs can help bring new members to Web3 in a basic way by making it easier to navigate the digital landscape. This means learning to share, rent and invest in Metaverse’s digital countries.

NFTs – new keys to the digital land
In 2021, the two largest platforms in the meta-verse, Decentraland and Sandbox, generated approximately $ 460 million in total digital real estate. These are not the only metavers users have access to. Blockchain games like Axie Infinity incorporate their metavers into their game on Earth to produce valuable resources.

But with current digital land prices across the board, many investors are being accounted for. At Axie Infinity, the cheapest lot is about 2.2 Ether (ETH), or $ 5,550, while the most expensive at the moment is 10,000 ETH, or $ 25,254,275. The price range depends on the value of speculative land depending on the location. Like real estate, the site has a lot of value in Metaverse, where users strategically try to position themselves to make money.

Land in Axie Infinity is not only meant to provide passive income through the management token, Axie Infinity Shards (AXS), but will also be a useful way for players to gather resources to increase the levels of their playable grades. Knowing that Earth is crucial to the game, community members came together to form AxieLand’s Non-Fungible Token (NFT) to give players access to Digital Earth.

The premise for AXL is that it functions as an access corridor to the digital land that the AXL NFT team buys. A community member can purchase NFT for 0.1 ETH ($ 252.15) and then gain access to land purchased by AxieLand NFT. The AXL NFT team intends to acquire 110 plots in Axie Infinity, ranging from less valuable properties to premium properties. Although the project is still in the start-up phase and is going through legal standards before it is formalized as a DAO, the AXL NFT model is best suited for gaming guilds.

Other projects that are particularly suitable for playing on the ground include leasing strategies to provide access to and revenue generation of these digital assets.

Related topics: Metaverset thrives on revolutionizing real estate

Investors can rent digital land for passive income
Beyond game functionality, the digital soil of the metaverse has endless possibilities, especially depending on who buys it and builds on top of it. As such, LandWorks is a community-driven marketplace on the Ethereum network. He created a model for digital landowners who rent out their plots, and users can take advantage of a cheaper entry point without a long-term contract.

The LandWorks model is simple when it comes to creating the efficiency of capital in Metaverset. Like the housing market and the Airbnb platform, LandWorks operates its own community-driven marketplace where users can search for land they can rent. LandWorks is powered by EnterDAO and uses its own ENTR token, where lenders can collect tokens through Synthetix bet rewards.

Currently, only Decentraland landowners are supported on the platform, but this may change in the near future. EnterDAO is in Metaverse because it complements the rental market with its second product, Metaportal, which is the center for all games and events in Metaverse.

DAOs are teaming up to turn metaverse real estate into investment
PangeaDAO, Metaverse Earth Co-op, aims to create more equitable virtual worlds in Metaverse by democratizing digital land ownership. PangeaDAO Treasury, run by the community, is the capital with which DAO will buy real estate and digital assets.

Source: CoinTelegraph

LEAVE A REPLY