One important aspect of digital real estate would be the Metaverse. An array of virtual worlds that allow users to disconnect from reality, build their own virtual personalities, and gaming events to hang with their virtual or IRL friends.

The Rise Of The Digital World

The plethora of digital worlds allows you to purchase virtual real estate and in-world items such as sneakers, weapons, clothes, armor, etc.

The Metaverse is currently worth around $47 billion, with some predictions putting that figure up to around $800 billion by 2024.

There's been a huge increase in metaverse projects with all this hype, and people are scrambling to find the best.

So, let's take a look at the metaverse projects that we think are worth researching.

What is Digital real estate?

Before we dive further into the metaverse projects, let's summarize what digital real estate is exactly. Digital real estate is everything you see online, from URLs, websites, social media accounts, domain names, and now virtual property in the Metaverse can be classed as digital real estate. Like all assets, they're worth money.

Virtual land is now mainly known as metaverse land and Web3 projects that work within the property sector. They can also be considered proptech companies.

We've got a few articles dedicated to this if you want to dive deeper into understanding digital real estate.

How do you buy NFTs and digital assets?

You can buy NFTs from various sources, including 3rd party marketplaces or straight from the project themselves.

Platforms such as MagicEden, OpenSea, and many others, including the projects listed below, will all sell virtual assets and NFTs.

You simply need to connect your cryptocurrency wallet and have enough cash to bid on items. If you want to learn how to set up a crypto wallet, check out our setup guide for the Phantom wallet.

Before you set that up, you'll need to research to understand what wallet you want; we've got another article that highlights the best Solana wallets currently available. Check it out.

What are the top metaverse crypto projects in 2023?

1) Sandbox

One of the most popular and user-friendly options on our list is the metaverse crypto project, Sandbox.

The project is built on the ethereum blockchain and is similar to Decentraland in its ambition to be the top metaverse project. The in-game economy is powered by their native token SAND and the crypto coin, Ethereum.

The game editor makes playing this Metaverse so fun and accessible as it makes the development of events and assets super easy. These assets can then be sold for profit, further boosting the in-game economy.

The main attraction for users to spend their time in the Sandbox metaverse is its user-friendly experience, NFT marketplace, and UGC gaming technology.

Before buying land in the Metaverse, check out our article that shows you what to consider before investing in a metaverse project.

2) Decentraland

Another mighty titan on our top metaverse list. Decentraland became open to the public in February 2020 after development starting in 2016.

The platform also operates on top of the Ethereum blockchain. Like Sandbox, it allows users to build gaming events, create NFTs to sell and use in those events.

The Decentraland platform is world-renowned as the original metaverse project, and billions of dollars worth of virtual land have been sold on the platform.

The Metaverse Group recently bought a chunk of land on Decentraland for $2.43 million; at the time, this was a record-breaking sale. The two native tokens are MANA and LAND.

The main difference between Decentraland and Sandbox is that the former focuses less on a user-friendly experience. If you want to build on Decentraland, it'll require some coding skills.

The metaverse crypto project will most likely battle it out for the top spot in the next few years between the others on this list. But, it has the beginner's advantage.