NFT Evening NFT Evening
    Facebook Twitter Instagram Reddit
    NFT Evening NFT Evening
    • News
      • Collectibles
      • Crypto Art
      • Blockchain games
      • Metaverse
      • Music
      • Interviews
    • Guides
      • Top NFT Projects
      • Top Blockchain Games
      • NFT Marketplaces and Tools
    • Learn here!
      • What is an NFT?
      • How to keep your NFTs safe
      • NFT Glossary
    • NFT Calendar
      • NFT Drops
      • NFT Conferences
    NFT Evening NFT Evening
    Metaverse

    Home » News » Metaverse » MyMetaverse Real Estate NFTs Set For Minecraft

    MyMetaverse Real Estate NFTs Set For Minecraft

    By YoloJune 1, 20213 Mins Read

    MyMetaverse has launched a series of real estate NFTs for Minecraft. Gamers win non-fungible rewards for playing on the MyMetaverse Meta City Minecraft server. Each token gives ownership of land in the environment, and can be traded on decentralised marketplaces.

    MyMetaverse real estate NFTs
    MyMetaverse real estate NFTs will change the shape of Minecraft Meta City

    MyMetaverse real estate NFTs are dynamic, allowing for customisable names linking land in Minecraft to the NFT, which can be stored and reviewed in ERC-1155 blockchain wallets. Valuation of land, and NFT contents, is tracked on an ongoing basis. This effectively means MyMetaverse real estate NFTs fluctuate in price just like IRL property.

    “We are doing the opposite of what people expected us to do with our real estate NFTs,” said MyMetaverse CEO Simon Kertonegoro. “Instead of charging large sums of money for them, we’re giving them out for free. Instead of creating NFTs that represent content that anyone can view, these unlock special benefits for owners. And instead of minting NFTs that are static, we have created dynamic NFTs that evolve alongside the owners’ in-game experience.”

    How to earn MyMetaverse real estate NFTs

    As Yahoo! Finance reports, 70 Meta City Real Estate NFTs are currently available. Each is earned by accumulating the in-game centralised currency Capital Coins. Coins are awarded when specific tasks are completed. These missions are naturally occurring in Mincraft, for example killing hordes of enemies.

    MyMetaverse real estate NFTs also encourage players to take an active role in the development of Meta City. Custom minigames can be created, with Capital Coin entry fees charged to participate. Anyone who successfully beats the game can also be awarded other blockchain assets from any connected product.

    MyMetaverse real estate NFTs
    MyMetaverse real estate NFTs have launched for Minecraft’s Meta City

    The rise of real estate NFTs

    Linking property to non-fungible tokens is a relatively fresh idea. But real estate NFTs already go well beyond Minecraft.

    Last week it was reported an apartment in Kiev, Ukraine, owned by TechCrunch founder Michael Arrington, was being put up for auction as an NFT. In the past, homes in Germany and the US have also been linked to NFTs and sold.

    Earlier in the month, Todd Morley, co-founder of Guggenheim Partners, confirmed New York’s tallest skyscraper, 111 West 57th Street, is a blockchain tower housing the world’s largest NFT museum. The cultural space will act “as a real estate tool, using culture to develop assets and convene people.”

    Meanwhile, back in the metaverse, last month The Sandbox began its own land sale, entitled Euphoria. 900 regular islands and 400 premium lands within the playable world were included in the auction, which went live on 27th May.

    ShapeShift’s NFT report, Enter the Metaverse: Challenges and Opportunities in NFTs, gives a comprehensive view of the non-fungible sector. This includes predictions on how market value will change, and also how uses of tokens themselves will develop.

     

     

    Join Our New "To The Moon" daily Newsletter

    Get our free, 5 minutes daily newsletter. Join 25,000+ NFT enthusiasts & stay on top 👊🌚

    Thank you!

    You have successfully joined our subscriber list.

    .

     


    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

    blockchain game
    Previous ArticleWinklevoss Twins drops Crypto Legends NFT
    Next Article Virtual Real Estate NFT Sales Continue to Rise
    Yolo

    Yolo is simply our generic email address :)

    More great NFT Evening content:

    PEDIGREE® Enters The Metaverse To Combat Pet Homelessness

    January 25, 2023

    Woodstock World Brings the Iconic 1969 Festival into the Metaverse

    January 23, 2023

    University Of Singapore Invent VR Glove To Let You Feel Inside the Metaverse

    January 19, 2023

    The Australian Open Launches An Experience in Roblox

    January 13, 2023

    The Metaverse Could Be Worth $5 Trillion By 2030: McKinsey Report

    January 10, 2023

    LG Electronics Partners With PIXELYNX To Enter The Metaverse

    January 6, 2023

    H&M Launch ‘Loooptopia’ Experience In The Metaverse

    January 5, 2023

    Puss In Boots Quest in The Sandbox Metaverse May Win You a Free NFT

    December 24, 2022
    Latest NFT News

    Doodles Finally Releases details of Doodles 2: Here’s The Scoop

    January 27, 2023

    NFL Rivals’ Digital Player Cards Drop First NFTs Tomorrow

    January 26, 2023

    Web3 Gaming Platform ‘Fractal’ Expands Onto The Polygon Network

    January 26, 2023

    Oreo Biscuits Creates Its Own Oreoverse Metaverse

    January 26, 2023

    Kevin Rose Gets Scammed For Millions Worth Of NFTs

    January 26, 2023

    Alethea AI Launches Text Prompt to NFT Avatar App: CharacterGPT

    January 26, 2023

    Pudgy Penguins Lil Pudgys Can Now Travel Across Chains!

    January 25, 2023

    GEN-X NFTs: The ’80s-Themed Collection Designed for an Entire Generation

    January 25, 2023
    Get The FREE Exclusive Report
    CLICK HERE

    NFTevening is the biggest website for NFT news. We cover; breaking news, upcoming mints, plus, interviews with top NFT artists and projects. Put simply, we are the best place for new and experienced non-fungible token fans — making content fun & accessible

    Privacy policy
    Terms and conditions

    Article Categories
    • Blockchain games
    • Collectibles
    • Crypto Art
    • Guides
    • Interviews
    • Metaverse
    • Music
    • News
    • NFT Marketplaces and Tools
    • Sponsored Content
    • Top Blockchain Games
    • Top NFT Projects
    NFT Calendar
    • Today’s NFT Drops
    • Upcoming NFT Drops
    • Solana NFT Drops
    • NFT Calendar
    • NFT Calendar : Add Your NFT Event
    Get In Touch
    • Advertise (Media Kit)
    • Collaboration and Press Releases
    • Job Opportunities
    • About Us
    • Contact Us
    NFT Beginners Guides
    • How to Sell NFT Art
    • How to Create NFT Art
    • How to Display NFT Art
    • How To Make Passive Income With NFTs
    • Best Crypto Wallet
    • Best NFT Coins
    • Best NFT Rarity Tools
    • What is a DAO ?
    • What Are Crypto Gas Fees ?

    Type above and press Enter to search. Press Esc to cancel.