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DAO and the Metaverse
Many individuals organize collectively in social applications and in the blockchain to pursue common goals and benefits, and the decentralized autonomous organizations formed in this process are commonly known as DAO. As the universe market continues to mature, DAO is emerging in using and investing in the universe.Goldman Sachs' future valuation of the meta-universe industry is set at $8 trillion, so the mainstream society has begun to focus on the accessibility, availability and the possibility of monetization of virtual worlds.
Currently, owners of virtual land in the Metaverse include some of the most well known brands such as Adidas, Nike, Snoop Dog, and JPMorgan Chase.These entities are investing in the digital sector and are aligned with trends in Web3 development to better connect with consumers.But, for the average person, the biggest obstacle to joining the digital space is the cost.DAO is seeking to create fairer ways to invest and utilize metaverse virtual worlds.
DAO can increase accessibility to virtual land, helping newcomers join Web3 to explore ways to share, rent, and invest in virtual land in the metaverse.
The NFT is the new key to the virtual land
In 2021, the two largest metacom platforms, Decentraland and Sandbox, traded for about $460 million.And, in addition to these two platforms, blockchain games such as Axie Infinity also build their own metaverses in their games to create valuable resources.
However, with the current virtual land prices of all the metaverses, many investors are shut out by high prices.In Axie Infinity, the cheapest site will cost about 2.2 ETH (about $6,500), while the most expensive site is currently 10,000 E T H.Prices are speculated mainly based on the location of the land, similar to real-life real estate.Strategically, location is of great value to users because it can increase exposure and attract traffic.
Axie Infinity's land will not only provide passive revenue through its governance token AXS, but will also be an effective means for players to gain resources to upgrade their characters in the game.Community members are well aware of the importance of land to the gameplay, so they come together to build the AxieLands (AXL) NFT, enabling members to access the virtual land.
The AXL is intended to act as an access pass to the virtual land purchased by the AXL NFT team.Community members can purchase the NFT for 0.1 ETH and can then use any land purchased by AxieLand NFT. The AXL NFT team intends to buy 110 lots in Axie Infinity, ranging from the least valuable lots to quality lots.The project is still in its infancy, operating through legal parameters and preparing to become DAO. AXL NFT's model is equally well suited to gaming guilds, especially land games, combined with rental strategies to provide access and profit from these digital assets.
Investors can rent out their virtual land to get a passive income
Beyond the game features, there are unlimited possibilities for virtual land in a virtual world, especially depending on who is the buyer and the builder.For example, LandWorks is a community-driven market on the Ethereum network that establishes a model for virtual landowners to rent their respective plots, and users can use this cheaper entrance to access the plots without long-of high-priced land.
In terms of creating capital efficiency in the metaverse, LandWorks's model is simple.Similar to the accommodation market and the Airbnb platform, LandWorks operates its community-driven market for users to browse and find land available to rent.The LandWorks is operated by the EnterDAO and managed by the native token ENTR, and the lender can get the token gains through the Synthetix pledge rewards.
Currently, the platform only supports Decentraland landowners, but may change in the near future. EnterDAO is fully committed to Metaverse, which has strengthened its rental market with other products (such as Metaverse games and activity center Metaportal).
The DAO is converting the metaverse real estate into an investment
PangeaDAO is a metaverse land cooperative that creates fairer virtual worlds in the metaverse by democratiating the ownership of virtual land. PangeaDAO's treasury is managed by its community as capital for the DAO to acquire virtual real estate and assets. PangeaDAO will manage a diversified portfolio in the metaverse, allowing members to benefit from owning, operating, and financing revenue-generating land.
For investors, PangeaDAO, unlike AxieLands NFT and LandWorks, is a relatively passive way to get itself into the meta, but involves how to generate income through virtual land through its partnerships and investments.
While operations, function, and value allocation in DAO are still in the early stages of development, teams of individuals with the same goals are working toward the future of the metaverse and its positioning in the broader new ecosystem.
What is certain is that investors are entering a new field of network iteration through DAO, which is also a new way to enter the metaverse. The metaverse still has a long way to go, and DAO will be the key for the average player to invest and build and make the metaverse virtual space more accessible.
*The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of SparkDAO. Every investment and trading move involves risk, you should conduct your own research when making a decision.
