The Virtual Real Estate Boom is Here

Digital real estate may sound like a contradiction in terms, after all, how can something that exists in the virtual world be real? But even though bits and bytes are not bricks and mortar, virtual properties are the next big thing on the horizon that smart investors need to take notice of.

Using the blockchain as its substrate a company called DecentWorld based in Switzerland has created a new metaverse, a world with its own territory and currency.

The project takes the idea of NFTs somewhere different to what has gone before. You may be aware that artists and musicians have been attaching their creations to NFTs as a way of making them unique for some time, and that some of their creations have bagged them enormous returns. The DecentWorld platform combines these non-fungible assets with an interactive map of the world that allows visitors to not only travel around and see what is there but to buy and sell properties in it too.

DecentWorld offers users a unique experience, opening up an intriguing carbon copy of the real world for them to explore and invest in.

The whole world is up for grabs

The team that created this project have voiced their excitement about the endless potential for asset trading that DecentWorld enables. It combines the ironclad guarantee of blockchain security with traditional approaches to financial asset management and wraps it up in an exquisite high-end package that evokes a luxury feel.

You may be worried about the ethical credentials of yet another blockchain, but there’s no need to fear. DecentWorld is using carbon-neutral and environmentally friendly blockchain.

DecentWorld’s creators see the dawn of this new landscape as a step up from Bitcoin and other cryptocurrencies. The idea of decentralized currencies was revolutionary but initially met with scepticism. 10 years on and it’s now mainstream. Digital real estate could be just as ubiquitous in another decade’s time, or maybe even sooner given the current pace of change.

DecentWorld offers something a little different from a lot of the metaverse concepts currently on the market. It offers users a virtual version of the Earth, so it will feature a finite number of assets and the rules of supply and demand will still apply.

Every street in DecentWorld mirrors its real namesake, and it can be traded like any other collectable. The process of owning real estate in DecentWorld will be nearly identical to owning it in the real world too, right down to the ownership documentation. Ownership certificates come in a familiar format that is easy to comprehend and transferring them to other users is simple. The trading element encourages the social dimension of the platform which is another of its attractions.

As a technology company, DecentWorld became aware of the vast opportunities inherent in NFTs, but they also knew that if they were to create a popular platform it would need to appeal to the vast majority of people who don’t spend every waking moment thinking about crypto. The DecentWorld system architects know that user experience is everything these days, so they have made the blockchain aspect very unobtrusive.

DecentWorld’s creators have told us that their design of the platform was inspired by popular board games such as Monopoly. Participants don’t roll dice but they do gather assets that they can trade as if they are art or antiques. People love to collect things, and users are encouraged to collect more within this environment. They can stake their collections in return for yield.

This game-changing approach to digital real estate places DecentWorld in a class of its own in the NFT space. The platform’s creators believe that it is greater than the sum of its parts. They did not come up with the idea for NFTs, the blockchain, or interactive mapping, but they did invent a novel way to bring them together to create something compelling. It’s very usable, with an interface that the casual user can settle into easily.

Next-Level Real Estate with Value

DecentWorld has made an outstanding virtual world that is easy to find your way around in, and it’s easy for first-time users to buy into. It’s a user experience that is built on time-honoured Swiss ingenuity and its grand ambition is to become the template for the whole industry, and the go-to platform for investing in virtual real estate over the long term.

DecentWorld was built to offer security that inspires confidence, utilises game logic to engage its audience and brings an entertaining custom experience to anyone wishing to buy and sell virtual real estate.

When an NFT is minted inside the network the platform directly attributes it to the owner and allows them to trade them in its native marketplace, or sell them to other DecentWorld users using peer-to-peer if that’s what the user wants.

These features unite to offer a completely dynamic system where everyone can gain from the platform’s indigenous economy.

DecentWorld takes a two-stage approach to acquisitions. In the first one, users can buy any streets on the planet and add them to their smart collections. The second stage encompasses landmarks and notable objects.

Solid Structure and Plans

DecentWorld has been put together for maximum sustainability and its tokenomics allow it to triumph over other metaverse projects. Its in-house currency is called DWRLD, which is a utility token that’s been designed to support payments, currency exchange and caching options.

Robust antifraud capabilities are built into the network, including customer identity verification so that users can trade with safety and confidence.

The Swiss flair for precision and reliability is evident in the platform’s integral KYC and user verification processes. The platform also guarantees data privacy and security and uses two-factor authentication to keep it watertight.

Project developers will keep their APIs open so that third-party developers can contribute to the ecosystem too, giving the DecentWorld experience further scope to grow in innovative ways. It promises users a metaverse that will redefine the limits of virtual reality.

About DecentWorld

Based in Switzerland, DecentWorld is a virtual real estate platform that utilises blockchain technology to create an innovative online experience. It permits members to buy and sell NFTs of streets which can be collected and staked for a predetermined duration. Collections that are staked generate yield, in accordance with the staking period. Using cutting-edge security, DecentWorld is dependable, trustworthy and transparent.

This article does not necessarily reflect the opinions of the editors or management of EconoTimes