Welcome to Part 2 of our in-depth research into the metaverse! This was originally posted on Metaverse Properties.
This report series aims to delve into the metaverse through describing its capabilities, applications, and developments; explaining different, prominent implementations of the metaverse in the context of Decentraland, Somnium, The Sandbox, Cryptovoxels, and Upland; offering explanations for different virtual real-estate offerings in each of these metaverses and the process of buying/renting land in each; as well as an offering a description of companies that facilitate virtual real-estate offerings within the metaverse.
As you learned in our previous releases, the metaverse refers to a collectively shared virtual space that arises through the convergence of virtual and augmented reality, as well as the internet. It’s often heralded as a burgeoning, next-generation iteration of the internet, consisting of universally existent/accessible, three-dimensional, shared virtual spaces residing within a larger virtual universe.
In this second installation of the series (Part 1 was on Decentraland), we focus on another metaverse implementation known as Somnium: an open, social, and persistent VR world built on Ethereum with its own economy and currency, marketplace, social experiences, games, land ownership, and more.
And if you’d like more information on how to buy Somnium space, Metaverse Properties has the answers.