• About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
Monday, July 4, 2022
  • Login
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Litecoin
    • Ripple
    • Altcoin
    • Stablecoin
    • Press Release
  • Blockchain
  • Business
  • Market Analysis
  • Live Price
  • ICO News
  • Regulation
  • Guide
  • Trading
No Result
View All Result
Crypto Reception
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Litecoin
    • Ripple
    • Altcoin
    • Stablecoin
    • Press Release
  • Blockchain
  • Business
  • Market Analysis
  • Live Price
  • ICO News
  • Regulation
  • Guide
  • Trading
No Result
View All Result
Crypto Reception
No Result
View All Result
Home Business

One’s who missed Buying New York’s Real Estate are buying Virtual Lands

March 30, 2022
in Business
Reading Time: 7 mins read
0
One’s who missed Buying New York’s Real Estate are buying Virtual Lands
Share on FacebookShare on TwitterShare on RedditShare on Whatsapp

If you do not know Metaverse, consider it a virtual Land. There are many different kinds of these worlds, and people will grow up to be slaves, and to all kinds of evil and horrible things in it.

Companies like Facebook are investing in software and hardware needed to support visual displays in metrics. Except for a few games and well-known venues such as Decentraland and Sandbox, Some new leaders are emerging such as  Uphoria, with advance graphics and programs such as Unreal 5 Engine the growth of these worlds will still go far in the blockchain.

Related articles

KuCoin CEO dismisses rumours of insolvency and withdrawal bans

KuCoin CEO dismisses rumours of insolvency and withdrawal bans

July 3, 2022
Court orders Three Arrows Capital to be liquidated

Court orders Three Arrows Capital to be liquidated

June 29, 2022

J.D. Robbins, a retired Team USA Olympic Wrestling Coach, paid a little more than $5,000 this week to buy a virtual apartment in Uphoria, one of the several metaverse worlds that have been built this year. In terms of the release date, Uphoria.io will be available on  April 5th..

He further explained that the idea behind this penthouse is that instead of him conducting Zoom calls, for board meetings,  I can send out my URL and invite folks to join me there as they might as well do it in style if they are going to do zoom calls anyhow. And this is one of the reasons why these virtual lands specifically Uphoria has been invented.

Many analysts predict that the global metaverse market will reach the US $ 758.6 billion by 2026.

Metaverse is the latest term to attract the attention of the IT industry, and it has the potential to provide great development prospects for advertisers by allowing them to provide high-quality digital usage information to their customers.

Simply put, the metaverse is an interactive virtual reality system of mobile networks, virtual reality for taxpayers that we see, social media, games, virtual reality, e-commerce, cryptocurrency, and working environments that incorporate fixed presence. This space is thought of as the future of the internet, with virtual reality (AR), virtual reality (VR), and the virtual world colliding in the same digital space. The growth of NFT and online events opens up a world of metaverse opportunities and related technologies.

Switching to Metaverse is about to happen. A few aspects of this open-source forum have developed to the point where they can be well integrated to explore the idea of ​​building a coherent reality. The growth of NFT and online events opens up a world of metaverse opportunities and related technologies.

As the epidemic provides the much-needed impetus for changing global perceptions of interaction and public immersion, the metaverse debate has re-emerged, and with companies like Meta, Google, and Microsoft jumping on board, the dialogue has grown stronger and further achieving the growing goals of project funding. Increasing the breadth of technology cooperation,/ flexibility of business ideas, and positive feedback from users Due to the advancement of local technologies, no company has had a significant impact, and governance has already begun, with companies investing in several metaverse campaigns. Along the way, participate in in-depth learning and research on the domain.

Now the question here comes who is buying these lands?

Eric, the owner of a consulting firm in Miami, and his wife, a federal government official, have spent “a lot of money” in Uphoria for buying Virtual Lands.

They also set aside time to volunteer for up to 10 hours every week to promote it.

To understand what Eric is talking about, we need to go back a few steps.

Users can enjoy, play, work, read, and shop in Uphoria and other metaverses. Think of it as a big multiplayer online game like Fortnite, but it’s not just about shooting.

Attempts to create places like this have been made several times over the years, but none have proven to be very popular. The development of virtual reality (VR) headsets, the rise of “play-to-earn” games, and the associated popularity of cryptocurrencies and static tokens, or NFTs, have reassured some technology experts that the metaverse era has arrived in recent years. 

The metaverse’s big bang moment?

Then in October, Facebook announced that it would be redesigned as “Meta” and become a “metaverse organization.”

The Facebook engagement has given rise to belief in this concept and sparked current growth.

The metaverse became the future of everything all of a sudden.

At the time, one prominent financial expert commented, “[The metaverse] has the potential to drastically change the way we interact with others.”

“It has the potential to affect almost every aspect of one’s life,” said one.

Sounds like a big deal, does it?

Lisa in Miami hopes these predictions are correct and that Uphoria will be one of the winners.

She says that one day, she and her husband (and, finally, her children) will be working full-time in this sport.

“There is a need for a visible community where people can connect and do business,” he explained.

They aim to earn an in-game income by participating in gaming activities for profit such as farming or hunting creatures, and have a desire to organize virtual dating events, run transportation services, and open a cooking school.

Lisa believes that the physical world will reward the commercial spirit in ways that the real world does not.

“The cost of real estate in the United States is huge, as is the case with real estate,” he explained.

“When it comes to the metaverse, the possibilities for what you can achieve with a piece of land are endless, from a friend’s cool house to virtual pubs and nightclubs.”

“In the visible world, there are few restrictions, the lower entry price, and more opportunities.”

‘We have 5,000 landowners,’ 

What is remarkable about Lisa’s confirmation that Uphoria is not yet available and is scheduled to be launched on March 31.

The project has been led by Coo Kenny Lester aka Gorilla Blanco currently Attending MIT’s augmented and Virtual Reality Executive study is betting on the metaverse becoming part of our daily lives.

“Extended Reality or XR and blended reality experience have become a larger part of our lives every year. Our strategic partnerships with other projects such as MetaSpace, Nafter.io, and Miami Swim Week are setting us ahead of the pack. Along with having advisory board partners such as Moh Ducis of Miami Fashion Week and Dooma from the famed Assassins Creed games gives us an edge with the Unreal Engine Graphics”

Uphoria is a little fry in the metaverse right now.

Decentraland, which was created in 2017, has around 300,000 monthly active users.

As the number of participants will be multiplied, plots with the most foot traffic will become the most valuable which is expected from Uphoria.

Late last year, the real estate firm paid $ US2.5 million ($ 3.5 million) on the Decentraland fashion district.

This area will be used to host fashion shows including avatar models that individuals may purchase to customize their avatars.

A handful of top-notch products have consented to take part.

The transaction resembled the acquisition of a cheap Manhattan home in the nineteenth century, according to the CEO of a real estate firm.

He described it as “shopping on Fifth Avenue in the 1800s.”

But Are Every day Americans buying Virtual Lands?

Do you want to be Snoop Dogg’s metaverse neighbor? It may set you back $450,000. On Friday, December 3rd, one NFT collector paid that much to own a piece of virtual land in the Snoopverse, an interactive environment the rapper is constructing in The Sandbox, an Ethereum-based platform for creating and selling online hangout spaces and gaming experiences.

According to plans on The Sandbox website, Snoop is already developing a digital reproduction of his real-life Diamond Bar, California estate, where he’ll conduct exclusive, members-only events.

But again, Snoop isn’t the only Artist buying Virtual Lands, and Decentraland and Sandbox aren’t the only Metaverses. There are a lot of high potential projects like Uphoria which when the time comes will give back just like the real property as there are a lot of things expected from a Bull run of metaverses in the coming months.

Share1Tweet1ShareSend

Related Posts

KuCoin CEO dismisses rumours of insolvency and withdrawal bans

KuCoin CEO dismisses rumours of insolvency and withdrawal bans

July 3, 2022
0

Popular cryptocurrency exchange KuCoin CEO Johnny Lyu took to Twitter to slam rumours stating an incoming ban on withdrawal...

Court orders Three Arrows Capital to be liquidated

Court orders Three Arrows Capital to be liquidated

June 29, 2022
0

A court in the British Virgin Islands has directed that the embattled crypto hedge fund Three Arrows Capital (3AC)...

FTX not planning to acquire Robinhood, CEO says

FTX not planning to acquire Robinhood, CEO says

June 28, 2022
0

FTX CEO Sam Bankman-Fried (SBF) refuted rumors that the crypto exchange was planning to acquire the trading platform, Robinhood....

Voyager Digital issues Notice of Default to Three Arrows Capital

Voyager Digital issues Notice of Default to Three Arrows Capital

June 27, 2022
0

Voyager Digital issued a default notice to Three Arrows Capital (3AC), a crypto hedge, fund today. This is after...

Mogul Productions and Trace Network partner to drive NFT adoption

Mogul Productions and Trace Network partner to drive NFT adoption

June 24, 2022
0

Mogul Productions, the decentralized platform that seeks to promote NFTs and DeFi in the movies and entertainment sector, is...

Load More
  • Trending
  • Comments
  • Latest
cryptology

Cryptology Launches Passive Income Product | NewsBTC

September 15, 2021
US Senator Lummis Buys More Bitcoin, Seeing BTC as 'Excellent Store of Value'

US Senator Lummis Buys More Bitcoin, Sees BTC as ‘Excellent Store of Value’ – Featured Bitcoin News

October 9, 2021
Bank of America Executive Sees Crypto as Asset Class: 'I Don't View It as Competition at All'

Bank of America Executive Sees Crypto as Asset Class: ‘I Don’t View It as Competition at All’ – Featured Bitcoin News

November 7, 2021
Small Business Owners Study Says Los Angeles Ranks the Most Crypto-Friendly City in the US

Small Business Owners Study Says Los Angeles Ranks the Most Crypto-Friendly City in the US – Bitcoin News

September 24, 2021
MicroNFT (MNT) Is Now Available for Trading on LBank Exchange | NewsBTC

MicroNFT (MNT) Is Now Available for Trading on LBank Exchange | NewsBTC

0
Floyd Mayweather – Boxing Champion Promoted an ICO

Floyd Mayweather – Boxing Champion Promoted an ICO

0
Cannabis Industry Going Crypto | CryptoPost

Cannabis Industry Going Crypto | CryptoPost

0

Why South Korea Decided To Ban ICOs?

0
MicroNFT (MNT) Is Now Available for Trading on LBank Exchange | NewsBTC

MicroNFT (MNT) Is Now Available for Trading on LBank Exchange | NewsBTC

July 4, 2022
Is Bitcoin (BTC) Dead? How Does It Affect DeFi Projects Like Gnox (GNOX) And UniSwap (UNI)? | NewsBTC

Is Bitcoin (BTC) Dead? How Does It Affect DeFi Projects Like Gnox (GNOX) And UniSwap (UNI)? | NewsBTC

July 4, 2022
Tether CTO Defends USDT Reserves Disclosure, Plans To Undergo Full Audit

How Stable Is Tether? Data Shows USDT At Massive Liquidity Imbalance

July 4, 2022
Bank of Russia Ready to Legalize Crypto Mining If Miners Sell Minted Coins Abroad

Bank of Russia Ready to Legalize Crypto Mining If Miners Sell Minted Coins Abroad – Mining Bitcoin News

July 4, 2022

Recommended

Virgin Galactic’s Chamath Palihapitiya: Bitcoin Has Replaced Gold

Virgin Galactic Chairman Chamath Palihapitiya Says Bitcoin Has Replaced Gold – Markets and Prices Bitcoin News

October 4, 2021
Elrond (EGLD) Is Sliding Down the Crypto Ranking

Unlocking long term value in crypto: Top coins to buy

March 23, 2022
Research Shows More Than 1 Million Australians Own Cryptocurrency

Research Shows More Than 1 Million Australians Own Cryptocurrency – Featured Bitcoin News

April 15, 2022
Aces, Jokers, and NFTs: Playing Card Manufacturer Bicycle Launches NFT Genesis Collection

Aces, Jokers, and NFTs: Playing Card Manufacturer Bicycle Launches NFT Genesis Collection – Blockchain Bitcoin News

December 10, 2021

Recent News

MicroNFT (MNT) Is Now Available for Trading on LBank Exchange | NewsBTC

MicroNFT (MNT) Is Now Available for Trading on LBank Exchange | NewsBTC

July 4, 2022
Is Bitcoin (BTC) Dead? How Does It Affect DeFi Projects Like Gnox (GNOX) And UniSwap (UNI)? | NewsBTC

Is Bitcoin (BTC) Dead? How Does It Affect DeFi Projects Like Gnox (GNOX) And UniSwap (UNI)? | NewsBTC

July 4, 2022

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Business
  • Ethereum
  • Guide
  • ICO News
  • Litecoin
  • Market Analysis
  • Press Release
  • Regulation
  • Ripple
  • Stablecoin
  • Trading
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions

CryptoReception © 2021 All rights reserved

No Result
View All Result
  • Home
  • Crypto News
    • Bitcoin
    • Ethereum
    • Litecoin
    • Ripple
    • Altcoin
    • Stablecoin
    • Press Release
  • Blockchain
  • Business
  • Market Analysis
  • Live Price
  • ICO News
  • Regulation
  • Guide
  • Trading

CryptoReception © 2021 All rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.