Location, location, location. That real-estate mantra just added a virtual dimension.
DecentWorld, a metaverse platform delivering digital real-estate assets, announced its newest product, MysteryBox, on Instagram.
MysteryBox allows users to win NFTs (non-fungible tokens that digitally represent any asset) for a fraction of their value.
DecentWorld, which began in March 2022, developed a duplicate of our planet with digital copies of practically every street. Virtual real-estate enthusiasts can develop an amazing digital portfolio with the MysteryBox technology.
MysteryBoxes are common on the internet, but their utility is sometimes debated. The box contains a random NFT from a specific NFT collection. In most cases, an NFT mystery box will feature NFTs with different rarity levels, according to the MysteryBox site.
While some dealers charge more than the box’s value, DecentWorld’s founders argue every spin on their platform is a gain.
“DecentWorld is a long-term value-focused project, thus everything we do should benefit our consumers. MysteryBox is a chance to win special Street NFTs for a fraction of their value,” the company says on its site. “You cannot lose, as every Street is worth the same or more than the MysteryBox itself,” the project’s team said.
Each MysteryBox costs $10, but the Street NFTs inside them range from $10 to hundreds of dollars.
DecentWorld’s virtual streets are categorized by their real-world status. The more significant or prestigious a physical street, the higher its ranking and value in DecentWorld.
Currently, DecentWorld’s geo-based map has 18.5 million streets, all available as NFTs. Street NFT sales total $19 million.
DecentWorld is about to offer Collections, themed virtual assets that take customers on entertaining experiences and produce income. MysterBoxes’ Digital Streets will help users swiftly complete and stake Collections.
The team validates hundreds of city-themed Collections, ranging in complexity and significance. Basic, standard, premium, and elite will provide varied returns.
The platform’s designers say it’s only getting started. In later project stages, users can trade NFT Assets on DecentWorld’s P2P marketplace with global users. A 3D immersive world should also intrigue metaverse fans.
What is the metaverse?
Here’s a full definition: It’s a “digital reality that combines aspects of social media, online gaming, augmented reality (AR), virtual reality (VR) and cryptocurrencies to allow users to interact virtually,” Investopedia.com said. “Augmented reality overlays visual elements, sound and other sensory input onto real-world settings to enhance the user experience. In contrast, virtual reality is entirely virtual and enhances fictional realities.
“As the metaverse grows, it will create online spaces where user interactions are more multidimensional than current technology supports. Instead of just viewing digital content, users in the metaverse will be able to immerse themselves in a space where the digital and physical worlds converge.”
Produced in association with MetaNews.
