Real-world sports stadiums are the anchors of commercial districts and the forces behind the revitalization of some of the ruined and devastated cities. SoFi Stadium, for example, breathes new life into Inglewood, California, with home prices rising 148% between the project’s announcement in 2014 and the end of 2021.
As a red-light district anchor, SoFi has created a lot of synergies that have made people want to engage in other things in the area. And this is just one of many examples of sports facilities that appear to have a kind of magnetism in everything around them.
So when the British football team Manchester City announced plans to make a metaverse copy of Etihad Stadium (called e-Tihad Stadium). Metaverse Real Estate Investor And enthusiasts, of course, began to pay close attention. It will be the first professional sports stadium in history built in the Metaverse. What does this mean for Metaverse Real Estate?
Image Source: Getty Images.
Sony and Manchester City bring sports to the Metaverse
Metaverse is primarily in the area of crypto investors, NFT enthusiasts and fashion brands, and everyone else is trying to get in early before they understand how to make this area really work. But it’s no surprise that sports teams make a leap, as increasingly uncommon companies find their place in the Metaverse every day.
Manchester City uses technology from Sony (((( Sony -3.00% ). Create a virtual replica of your soccer team’s home stadium.
The exact plan is unknown at this time, but Cointelegraph reports that virtual stadiums and related collectable non-fungible tokens (NFTs) that will help increase team revenue will definitely emerge.
Will e-Tihad spur more sporting activities in the Metaverse?
It’s really amazing how long it took sports teams to step into the fight, as the Metaverse is a place for everyone with all sorts of interests. But Manchester City isn’t the only place to get your feet wet in the Metaverse. Manchester United is now taking the lead in Manchester City and jumping into a Metaverse-like experience, but the details are inadequate.
These may not be the only sports teams considering giving themselves a Metaverse boost, especially in the recent land boom across the Metaverse platform. Almost every day, new big names are coming online. This isn’t just the kind of enterprise that was previously expected.
for example, AcuraOwned by Honda Motor Co., Ltd. (((( HMC -2.76% ).The first Metaverse showroom Decentraland (((( Mana -1.88% ).A Metaverse platform with no reason to own a car.
Can a virtual sports stadium have the same impact as a real sport?
Currently, there are no figures on what would happen if a sports stadium were dropped in a remote area of Decentraland. sandbox (((( sand -2.58% )., for example. But, as we have seen many times, Metaverse real estate In many cases, it works like real estate. Building in high-traffic areas, such as near popular event spaces, tends to increase the number of visitors. Also, more people will be exploring other places nearby.
Users can teleport around the map, but they can also see what’s nearby as they enter the building, such as a virtual stadium. The teleport system drops them out and places them in a location that is easily visible to street neighbors.
Therefore, if you place a virtual panela (delivered from Metaverse) right next to the virtual stadium, hungry soccer fans looking for a snack for the game may take advantage of it because it’s quick and convenient.
Need to invest in the Metaverse Stadium Zone?
If you have a business that makes sense to combine with sporting events, it makes sense to cluster near both real-world and virtual-world sports stadiums. In the real world, there is a kind of physical synergy, but in the Metaverse it doesn’t make much of a difference. There, a cluster of similar businesses becomes a district like the fashion district of Decentraland, which is now popular.
These districts can form communities that create more value together More than they ever did alone. The Fashion District, for example, concludes its first Metaverse Fashion Week. This seemed like a huge success and was definitely a community effort. The number of events should come out soon, but I think you’ll only hear good news because of their popularity.
Whether you’re building a virtual sports NFT shop or other related experiences, there’s great potential for real estate adjacent to the Metaverse Stadium, as you may create a sports or team-themed district. I have.
Like any other Metaverse real estate investment, you run the risk of devaluing your property or your business not succeeding, but the incoming sports stadium is similar to investors and Metaverse residents. Provides a unique opportunity for you. After all, what is Metaverse more experiential than a soccer match with friends all over the country, where all the experiences you can’t experience on the traditional internet are all spaces?
This article represents the opinion of a writer who may disagree with the “official” recommendation position of the Motley Fool Premium Advisory Service. We are miscellaneous! Asking investment papers, even our own, helps us all think critically about investment and make decisions that help us to be smarter, happier, and richer. increase.
