I bought a house for just £1,000 in the metaverse – it’s the future of the internet

I bought a house for just £ 1,000, but it’s not bricks and mortar.

5 Turning the key to the new 1-bed terrace on the Angel Way. But there are no neighbors, birdsong, clouds.

My “house” is in Metatown, England. Metaverse It will start on Friday.

Metaverse is a “new internet” where you spend the day as an avatar in a virtual world, usually using a VR headset.

MetaTown Digital World also has shops, a subway station, and even mini golf.

This is the future of human interaction, with some saying that technology allows colleagues thousands of miles away to meet and families to catch up with relatives. There is also the possibility of making money.

To enter MetaTown, simply enter the URL of your website and it’s much more appealing to the less skilled.

After logging on with my name and email address, I made me digital. Options are limited to hair, skin, eye color and clothing. But in the future, they could be lifelike holograms.

I start from the commercial center of this virtual world of Metatown. There is a lawn square, a stage on one end and a mini golf on the other. A shop surrounded me.

This virtual neighborhood is designed by Welsh technology company BrandLab 360, which has found the potential to develop such experiences for fashion brands and build an entire community.

This is the brainchild of Jennifer Drury and Dan O’Connell. Jennifer said: “You can gather friends from all over the world and spend time in this world. You can shop together and watch concerts.

“It’s connected and has a sense of community that you can’t get from a regular website.”

I feel like I can make cash.

Today, billions of dollars are being invested in the creation of such a world by tech giants like Microsoft. Bill Gates When Mark ZuckerbergFacebook CEO, now renamed Meta.

And Panther sees it as an investment opportunity and hopes that homes bought for £ 1,000 will be much more valuable as these virtual worlds grow in popularity.

Handbags and cars purchased at Metaverse can also be of high value. Dr Alena Kostyk, a VR consumer expert who is a lecturer at the University of Glasgow, explains: The idea is that these things are sought after, whether at home or not, and prices can rise.

“But just because something is missing doesn’t mean it’s always in demand. Beanie Babies was a limited edition toy that was predicted to increase in value. People were all the rage. I was caught up in, but I didn’t make any money. “

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It feels a bit out of the depth of buying an NFT — the cryptocurrency needed to buy a parcel of a house.

Follow the instructions to set up a Metaverse bank account. Next, buy cryptocurrencies with your debit card. You can then buy neutral, pristine virtual assets.

I can change the color of my avatar by hovering over the color palette of walls and furniture.

There is a study, a small bathroom, a spacious double bedroom, and you can change the pattern and color of the seats.

It’s like playing at a doll’s house, but on the internet.

MetaTown has 6,000 plots for grabs. So far, the 500 has been sold primarily to people in the tech industry for around £ 1,000 worth of NFTs.

There are nearly 50 virtual shops and there are 500 plans by the end of the year.

Luxury brands have quickly found the money-making opportunities these worlds offer.

Last May, Gucci sold a digital “space” at the online Gucci Garden, allowing users to “try on” and buy limited edition digital clothing.

Brands such as Ralph Lauren, Nike, and Balenciaga, which hired a “Chief Metaverse Officer” to develop the virtual clothing line, are also active.

Two major British supermarkets and two European supermarkets are in talks with MetaTown, with Estee Lauder and Deloitte signing up for virtual space.

My avatar was a potter at the Estee Lauder store, Maison Too Faced, and was impressed. There is a heavenly garden where pink rabbits bounce around.

With games to play, you can click on discounts or huge sized products to go to the website and complete your purchase. In another clothing store hula, click on the item you like and it will appear on the screen in a 360 degree view.

But why doesn’t anyone log on to Amazon or go to the shop?

Dr. Kostyk said:

“There are many studies showing that this kind of interactive and immersive feature is far more effective for hedonist shoppers, some of which show that customers are even willing to pay higher prices. increase.”

Inevitably, there are concerns about safety, bullying and sexual behavior. One user claimed that his avatar was groped by another.

Meta has promised to work on security, but worries are widespread, especially because the users are mostly young.

So will Dr. Costik go shopping frenzy in the Metaverse?

She states: “It’s hard to predict the future, but now … number.”

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