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Virtual Land in the Metaverse: Top Tips & Tricks
BTC Dominance Puzzle
All About $CRO
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⏰ In A Rush?
Our Market Meditations are longer format educational segments. Each letter features a Market Meditation which will deep dive and analyse a relevant crypto event, theme or tool.
🏕 Moon Landings
“Buy land, they’re not making any more of it.”
It’s doubtful Mark Twain had the metaverse in mind when he said it, but this advice still rings true at times. Digital land is finding a new rate of growth and with it comes new opportunities.
🏡 Investing in Real Estate
Virtual real-estate minted as NFTs make up a rapidly growing and evolving market. In June, Decentraland saw a $913,000 purchase for 259 parcels of land.
In most cases, land can be purchased from a primary market, like Star Atlas’ marketplace or from existing owners listing plots on secondary markets, like OpenSea.
🪴 Plotting The Course
Let’s identify some key factors to look for when getting into the real-estate game.
Location, location, location. Pay attention to where the plot of land is positioned in the world. Certain locations are much more valuable than others, just like in the real world.
Size Matters. This one is rather intuitive. Bigger is almost always better.
Vacancy Available. Supply and demand rule the financial world. If the demand is higher than supply, land will be more expensive. Accurately identifying games before their popularity skyrockets make for ideal land investments.
Popularity Contest. Possibly the most important consideration, a game’s hype, community support and popularity all should be thoroughly assessed before deciding to invest.
Utilities Included? The stronger the use-case for land, the stronger the chance of finding a good investment. Resource generation, storage, crafting… any passive income resulting from a land investment should be taken into consideration.
🧺 Can I See the Property?
In The Sandbox’s metaverse, land is an integral asset which allows designers and developers to publish experiences.
There are two types of lands (LAND) available in The Sandbox: regular and premium.
LAND has many uses in The Sandbox
Players can play games and explore dioramas built on plots of land.
Owning LAND will allow users to stake $SAND tokens in the LAND plot to earn rewards.
LAND holders can rent out their property to monetise it.
The ability to host contests and giveaways are tied to LAND ownership.
In Illuvium, the land grab is swiftly approaching.
The upcoming land sale is yet to take place.
In Illuvium, purchasable land will have 5 tiers.
Illuvium’s land will have several purposes:
Landowners can “scan” for Illuvials on their owned plots.
Land will generate resources used to complete different objectives and activities.
Blueprints, used for generating skins, will also be generated by digital real estate.
Both above projects have substantial community followings and hype surrounding them. Depending on the attributes of the specific parcel of land and its price, we could see some very lucrative opportunities pop up.
⛲️ I’d Like to Make an Offer
Investing is all about information. Getting into a new asset class can be just as rewarding as finding any other hidden gem.
Just remember before closing on the new place; do the leg work. It pays off in the end.
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🎢 BTC Dominance Rollercoaster
Bitcoin Dominance (BTC.D) is the percentage of Bitcoin in the total cryptocurrency market cap. Without checking, can you tell us the current value of Bitcoin Dominance? (as of 2pm GST)
💰Out with the Old, In with the New
Crypto.com just secured the downtown Los Angeles venue, formerly known as the Staples Center!
What exactly has crypto.com done?
They paid more than $700 million for naming rights of the Los Angeles arena.
Their chief executive said, “In the next few years, people will look back at this moment as the moment when crypto crossed the chasm into the mainstream.”
They hope to integrate cryptocurrency payments into the arena and online purchases.
This news continues crypto.com’s pursuit of name recognition.
They have featured ads with celebrities (e.g. Matt Damon) and taken a full-page ad in the WallStreet Journal. Not to mention that they have partnership deals with the Lakers, Kings, UFC, Formula 1 Racing, 76ers, Montreal Canadiens, the Italian Lega Serie A Soccer League, Paris Saint-Germain Football Club, and Twitch Rivals.
We are delighted to be sponsored by crypto.com, the world’s fastest growing crypto app.
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If you knew this one we imagine you are engulfed in the market.
Now, this value fluctuates a lot. Even this year in January 2021 the peak of Bitcoin Dominance was 73.7%, and pre 2017 bull run was as high as 99.3%.
There are some patterns to the way that BTC.D behaves over time. It has trended:
Downwards during the long, slow build-up when a new bull market forms, with money entering into both BTC and altcoins;
Upwards during the parabolic phase of the bull run;
Downwards around the peak of the bull run and just after.
If you are interested in learning more about this, check out our article on Bitcoin Dominance.
🌎🧘♂️✍️ Stories in this newsletter were written by Kyle F., Misael Calleja, Nick T., Max P., Kimia K., Ellen B. and Koroush AK. Graphics were produced by Gerasimos P.
Not financial or tax advice. The content in this newsletter is for informational purposes only. Nothing in this email is intended to serve as financial advice. We are not financial advisors. Every investment and trading move involves risk. Do your own research when making a decision. See our important security disclaimers here.
Disclosure. Some of the links we’ve included are affiliate, they give you rewards and discounts and earn us a commission. Additionally, the Market Meditator writers hold crypto assets. See our investment disclosures here.