<\/p>\n
Decentralized autonomous organizations (DAOs) are individuals that collectively organize in social applications and blockchains to pursue common goals and interests.<\/p>\n
As the direction of the Metaverse keeps maturing, DAOs are rallying around the prospect of utilizing and investing in the Metaverse. Seeing that Goldman Sachs placed an $8 trillion valuation on the sector, eyes and ears have peeled into the possibility of accessibility, usability and monetization of these virtual worlds. <\/p>\n
Owners of digital land in the Metaverse tout some of the most recognizable names like Adidas, Nike, Snoop Dogg and JPMorgan. These entities are investing in the digital land and aligning themselves with the movement toward Web3 to better connect with consumers. <\/p>\n
However, the biggest barrier to joining the digital landrush is cost. DAOs are searching to create more equitable means to invest in and utilize these virtual worlds. <\/p>\n
DAOs could potentially assist with onboarding new entrants to Web3 in a substantial way by making engaging with digital land more accessible. This means exploring the means to share, rent and invest in digital land in the Metaverse.<\/p>\n
In 2021, the two largest metaverse platforms, Decentraland and the Sandbox, made a combined total volume of approximately $460 million in digital real estate. These are not the only metaverses users are turning to. Blockchain games like Axie Infinity are building out their respective metaverses within their land gameplay in order to yield valuable resources.\u00a0<\/p>\n
At the current prices of digital land across all metaverses, however, many investors are priced out. In Axie Infinity, the cheapest land plot is roughly 2.2 Ether (ETH), or $5,550, and the most expensive currently stands at 10,000 ETH, or $25,254,275. The range in prices come at the land\u2019s speculated value based on its location. Similar to the real estate in real life, location holds a lot of value in the Metaverse, where users strategically try to position themselves to benefit. <\/p>\n
\nSomething rarely mentioned about #AxieInfinity<\/a> but with the Lunacia SDK, we could see plots of land become very popular increasing their plot value. Things i look forward to are<\/p>\n
1) Axie Kart
2) Battle Royale
3) Smash bros w Axies<\/p>\nAnyone else have ideas?https:\/\/t.co\/V6MvpuoJZp<\/p>\n
\u2014 finlee.eth (@leehuachang) June 2, 2021<\/a><\/p><\/blockquote>\n
Land in Axie Infinity is slated to not only provide means for passive revenue via its governance token, Axie Infinity Shards (AXS), but will also be a beneficial means for players to harvest resources to level up their in-game characters. Knowing that land is essential to gameplay, community members have come together to form AxieLands (AXL) nonfungible token (NFT) to enable players access to digital land.\u00a0<\/p>\n
\n+2M @AxieInfinity<\/a> players, Only 17k Land Plots.<\/p>\n
Are you going to stay out? pic.twitter.com\/n3Z2ciP8wG<\/a><\/p>\n
\u2014 AxieLands NFT (@AxieLandsNFT) November 15, 2021<\/a><\/p><\/blockquote>\n
The premise of AXL is that it acts as an access pass of sorts to the digital land purchased by the AXL NFT team. A community member could purchase an NFT for 0.1 ETH ($252.15) to then have access to any land AxieLand NFT has purchased. The AXL NFT team intends to purchase 110 land plots in Axie Infinity, ranging from least valuable to premium plots. Although the project is still in its infancy, working through legal parameters before formalizing itself as a DAO, the AXL NFT model is best for gaming guilds.\u00a0<\/p>\n
Suited specifically for land gameplay, other projects are incorporating renting strategies to provide access and monetize these digital assets. <\/p>\n
Related:\u00a0The Metaverse is booming, bringing revolution to real estate<\/u><\/em><\/strong><\/p>\n
Investors can rent digital land for passive income<\/h2>\n
Beyond gaming functionality, digital land in the metaverse has endless possibilities, especially depending on who is purchasing and building on it. As such, LandWorks, is a community-driven marketplace on the Ethereum network. It has established a model for digital landowners to rent out their respective plots, while users can take advantage of a cheaper point of entry without the long-term hold.\u00a0<\/p>\n
LandWorks\u2019 model is straightforward in creating capital efficiency in the Metaverse. Similar to lodging marketplace and platform Airbnb, LandWorks operates its community-driven marketplace for users to browse in search of land they can rent. Operated by the EnterDAO, LandWorks is governed by the native token ENTR, whereby lenders can farm the token through the Synthetix staking rewards.<\/p>\n
\n“You mean that I can receive rent AND get ~200% APR on my DCL Land\/Estate?”<\/p>\n
@landworksxyz<\/a> pic.twitter.com\/HmyN1hSlL3<\/a><\/p>\n