Real estate is a universal resource, yet it also represents a scarce commodity that is in high demand.

The available natural or artificial resources also explain what value is attached to a piece of land.

The infrastructure that Decentraland provides supports a shared virtual world, also known as a metaverse .

Decentraland Prepares for Virtual Real Estate Auction

In the Decentraland metaverse, LAND can be bought, sold, rented, or leased at will.

Landowners can also publish any content onto their LAND, without requiring third party approval.

Potential land content ranges from static 3D content to interactive systems such as games and virtual shops.

Decentraland Prepares for Virtual Real Estate Auction

The registration will remain open until early December, and users can participate by using MetaMask or Mist atterraform.decentraland.org.

Also, Contributions made during November will have a 10% bonus.

Additionally, the content of adjacent parcels can be seen from a distance.

Decentraland Prepares for Virtual Real Estate Auction

Users can travel through neighborhoods and interact with applications that they stumble upon.

With scarce land, developers can acquire users by purchasing land in high-traffic areas.

This will allow secondary markets to develop around land ownership and rentals.

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source: www.techworm.net