'Buying Virtual Property: 4 Key Principles to Consider' decentraland metaverse
The rise of Decentraland and the emerging market for virtual properties raises a couple of practical questions for investors:
However, if you’re an average investor looking to diversify your portfolio and own a piece of the metaverse, it helps to have a set of principles or a framework to structure your investment analysis and provide a gut-check before you spend thousands on 1s and 0s. Their data-driven approach revealed some interesting insights that I think might be helpful to new investors:A major principle of physical property valuation applies in the metaverse too.
Investors looking for the greatest ROI will want to consider buying close to districts where gambling, sex, and other adult activities are promoted. The researchers found that virtual land close to the red light district, for example, commanded higher prices. Every Decentraland parcel has unique co-ordinates which represent a specific location on the Decentraland map. Because land parcels can be visited instantaneously by inputting address coordinates, investors assigned higher land values to parcels with addresses that were memorable.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Group removing racist language from home deeds that kept families of color from buying homesJust Deeds is removing racial covenants from homes across Minneapolis, and it is helping address the racism of the past.
Read more »
Google Spends Billions On Buying Office Buildings: Is This A Sign Of The Post-Pandemic Pushback Against Remote Work?Going counter to the remote and hybrid-workplace trend, Google announced Friday that it would purchase a London office building for $1 billion.
Read more »
Google Spends Billions On Buying Office Buildings: Is This A Sign Of The Post-Pandemic Pushback Against Remote Work?Going counter to the remote and hybrid-workplace trend, Google announced Friday that it would purchase a London office building for $1 billion.
Read more »
Google Spends Billions On Buying Office Buildings: Is This A Sign Of The Post-Pandemic Pushback Against Remote Work?Going counter to the remote and hybrid-workplace trend, Google announced Friday that it would purchase a London office building for $1 billion.
Read more »
Google Spends Billions On Buying Office Buildings: Is This A Sign Of The Post-Pandemic Pushback Against Remote Work?Going counter to the remote and hybrid-workplace trend, Google announced Friday that it would purchase a London office building for $1 billion.
Read more »
Who even reads HackerNoon? | HackerNoonYou, obviously. And millions of people from around the world. What audience are you advertising to? Who are you writing for? Learn more about our readers here.
Read more »