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This is how the DAOs are making the digital land more accessible to the people of Metaverse

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Decentralized autonomous organizations (DAOs) are individuals who collectively organize in social applications and blockchains in pursuit of common goals and interests.

As the direction of Metaverse continues to evolve, DAOs are rallying around the prospect of using and investing in Metaverse. Seeing that Goldman Sachs put With an $8 trillion valuation for the sector, eyes and ears have seen the accessibility, usability, and monetization of these virtual worlds.

The owner of the digital land in Metaverse showcased some of the most recognizable names like Adidas, Nike, Snoop Dogg and JPMorgan. These entities are invest in digital land and in line with the movement towards Web3 to better connect with consumers.

However, the biggest barrier to joining the digital invasion is cost. DAOs are looking to create fairer means of investing in and using these virtual worlds.

DAOs have the potential to assist in introducing new entrants to Web3 in a significant way by making interacting with the digital land more accessible. This means exploring the means to share, rent and invest in digital land in Metaverse.

NFT is the new key to digital land

In 2021, the two largest metaverse platforms, Decentraland and Sandbox, have generated a combined total volume of approximately $460 million in digital real estate. These are not the only metaverses that users are turning to. Blockchain games like Axie Infinity are building their respective in-game metavers to yield valuable resources.

However, with the current price of digital land across all supermarkets, many investors have already paid the price. In Axie Infinity, the cheapest lot is around 2.2 Ether (ETH), or $5,550 and the most expensive currently is 10,000 ETH, or $25,254,275. The price range is based on the speculative value of the land based on its location. Similar to real estate in real life, location holds a lot of value in the Metaverse, where users try to strategically position themselves to profit.

Land in Axie Infinity is projected not only to provide a vehicle for passive revenue through its governance token, Axie Infinity Shards (AXS), but would also be a useful means for players to harvest resources to level up their in-game characters. Knowing that land is essential to the game, community members came together to form the AxieLands impenetrable token (AXL) (NFT) to allow players access to technical land number.

The premise of AXL is that it acts as an access token to digital lands purchased by the AXL NFT team. A community member can purchase NFT for 0.1 ETH ($252.15) to then gain access to any land AxieLand NFT has purchased. The AXL NFT team intends to purchase 110 lots in Axie Infinity, ranging from least value to high end lots. Although the project is still in its infancy, working through legal parameters before officially becoming a DAO, the AXL NFT model is the best for gaming guilds.

Designed specifically for land-based gaming, other projects are incorporating rental strategies to provide access to and monetize these digital assets.

Related: Metaverse is booming, bringing revolution to real estate

Investors can rent digital land for passive income

In addition to the gaming function, the digital land in the metaverse has a multitude of possibilities, especially depending on who buys and builds on it. As such, LandWorks, is a community-based marketplace on the Ethereum network. It has established a model for digital landowners to lease out their respective plots of land, while users can take advantage of a cheaper entry point without having to hold it for long.

LandWorks’ model is very simple in creating capital efficiency in the Metaverse. Similar to the room rental marketplace and the Airbnb platform, LandWorks operates a community-based marketplace for users to browse for land they can rent. Operated by EnterDAO, LandWorks is managed by the ENTR native token, whereby lenders can generate tokens through Synthetix staking rewards.

Currently, only Decentraland landholders are supported on the platform, but that could change in the near future. EnterDAO joined the Metaverse because it complemented its rental market with another product, Metaportal, a hub for all the games and events in the metaverse.

DAOs are joining forces to turn supermarket real estate into investments

PangeaDAO, a land metaverse cooperative, intends to create fairer virtual worlds in the Metaverse by democratizing digital land ownership. PangeaDAO’s treasury, managed by its community, is the source of funds from which the DAO will purchase real estate and digital assets. PangeaDAO will manage a diversified portfolio in the metaverse for members to benefit from owning, operating and financing income generating land.

In contrast to AxieLands NFT and LandWorks, PangeaDAO is a slightly more passive way for investors to gain exposure to Metaverse but more inclusive by the way it intends to generate revenue on digital land through partnerships and investment.

While the activities, functions, and value delivery within the DAO are still in the earliest stages of development, teams of like-minded individuals are working toward the future of Metaverse and its place in the world. broader nascent ecosystem.

Investors are now entering new frontiers with the next iteration of the web via the DAO as a way to streamline Metaverse entry points. While the DAO and the development of Metaverse are a long way off, it seems like a prime time to invest and build towards a more accessible digital world.

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https://cointelegraph.com/news/here-s-how-daos-are-making-digital-land-more-accessible-to-metaverse-denizens This is how the DAOs are making the digital land more accessible to the people of Metaverse

Fry Electronics Team

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