The Landz Estates NFT Collection and how it’s going to disrupt virtual real estate.
The Landz Estates NFT Collection
The ambitious Landz Estates NFT project is set to disrupt virtual real estate and forge a new future for metaverse interoperability, and ownership.
The NFT Collection is composed of 5,000 unique Mansions, 1,500 unique Museums, and 500 unique Headquarters. These are virtual properties deployable across major metaverses that have partnered with Landz.
As of the writing of this article, these are the confirmed metaverses on which you can deploy the Landz Estate NFTs:
- The Sandbox
- Over The Reality
The NFTs, which were designed by the Metaverses’ top Architects in collaboration with thought leaders in the NFT space, speak elegance and luxury in high volumes. Each scene comes with unique features and amenities.
Landz consists of the Estates NFT Collection and the Landz software. The Estates Collection allows users to mint Mansions, Museums, or Headquarters. Each Estate has its own unique set of features and utility. The software is the crux of the project. Each NFT holder will receive a key after the mint. This key will grant access to the Landz software, allowing users to personalize and deploy their NFT in the Metaverse of their choosing.
What is Virtual Real Estate and What gives it value?
In the same way, people buy and sell land in the physical world. Also are investors are trading virtual land and assets. This is a virtual world where users can meet, interact, play games, and even make money.
The metaverse has grown in popularity over the past year. Especially since Facebook changed its name to Meta. This is to emphasize its new turn in creating an immersive, 3D virtual world. That will potentially replace social media.
Since then, a lot of digital assets tradable in the metaverse have seen a rise in value. As more investors have joined the space. It’s not pure speculation though, as virtual land has an intrinsic value similar to physical land. You need to own the LAND NFT to build and deploy a scene in the metaverse.
As these virtual worlds get more popular, Metaveserse architects, creators, and digital brands identify the need to build experiences for their users in these metaverses. NFT communities and artists have created virtual galleries, spaces to explore their NFT collections, with companies in the Web3 space creating virtual offices.
Game developers have given players a new way to make money while having fun, popularly referred to as Play-to-Earn. This has led to even more public interest in the idea of the metaverse. and virtual ownership.
How Landz Estates solve the Interoperability Issue in the Metaverse
By creating customizable virtual properties that can be deployed on all the major metaverses, Landz is forging a path towards solving a persistent problem in the early version of the metaverse, that of interoperability. This is the ability to utilize and interact with your virtual assets across different metaverses.
When you create an NFT gallery on Decentaland or The Sandbox for example, you have limited your visitors to only one metaverse experience. Some brands choose one metaverse to stick to, depending on which matches the needs of their virtual property or experience. While this works for many creators and brands, it leaves out fans from other metaverses who could have been interested to visit their scene as well.
Landz holders won’t have to make this hard choice as the NFTs come not only with fully equipped properties for the different metaverses, but also a complimentary membership in the Landz’ Club. Like any club, it comes with exclusive benefits.
These include access to community events with DJs, speakers, a community chat, with a promise for more metaverse-related experiences. Landz team has come up with a program to ensure the smooth organizing of community events.
For major brands, this could be an opportunity to place their brand across all the significant metaverses by traffic, at a go. NFT communities can offer more options for their holders to meet and have fun in virtual events.
Landz Estates is scheduled to drop on the 24th of July 2022.