What are virtual lands?
Virtual lands exist in 3D virtual space. They are places where users can build worlds of their own and interact with others in their community. They offer users the freedom to buy and sell property, build virtual facilities, play games, and display their NFT art. With the popularity of virtual lands increasing it's not surprising that we are seeing more projects enter the space.
Below are some of the most popular virtual worlds available for you to get lost in.
Created in 2015 by Esteban Ordano and Ari Meilich, Decentraland is a virtual world based on the Etherum blockchain. From its early days starting out as a pixelated grid that distributed pixels to participants through a POW (proof-of-work) algorithm, the project has come a long way and users can now build, buy and sell different 3D creations, socialize, and play games.
The platform offers users an opportunity to purchase pieces of virtual land and create any objects on their lands, like shops, cities, and the like.
Decentraland’s land value was reportedly worth more than $40 million USD in February 2021.
The Sandbox is a community-driven virtual world based on the Ethereum blockchain and uses SAND as its primary utility token. It is divided into 166,464 LANDS that players can own and each comes with its own preset terrain.
In the Sandbox metaverse, players have the opportunity to buy LANDS and can monetize it by building, structures, games, and experiences on their plot. When other players play your games or purchase your digital assets, you earn SAND. It’s truly a decentralized economy that rewards participation.
Each LAND on The Sandbox metaverse is a unique non-fungible token on the Ethereum blockchain and is tradeable to other players.
Launched in 2018, Somnium Space is a cross-platform virtual reality world that lets users purchase land where they can build and import objects, creating a unified virtual world. Players are given the choice between three different lot sizes ranging from 200–1,500 meters squared.
The project aims to facilitate access to the immersive experience of the virtual world by allowing players to create a functioning economy within the virtual reality world.
Somnium gives users the ability to tokenize their custom VR avatars directly from Somnium PC clients to be used in the Somnium virtual world.