3 Best NFT Real Estate & Land Projects for 2024

The NFT market dates all the way back to 2014. It was here that some of the first prices of digital art were sold to eager investors. Since then, the demand for NFTs has grown substantially year on year, and in 2021 the NFT markets exploded in popularity.

If you’re eager to take advantage of this fast-growing investment chance, keep reading for our article on the top three NFT real estate and NFT land projects for 2023. We’ll dive into some of our favorite land NFT projects, including how and where to purchase them. Let’s begin!

A Closer Look at the Top NFT Land Projects

From CryptoPunks to Bored Apes, some of the most popular NFT projects have items selling for millions of dollars daily. One element of this bustling market – and one tied much more to Web 3.0 and the Metaverse – is NFT land. NFT land allows investors to own a piece of virtual land in a chosen Metaverse platform. Early investors in the space have reaped big rewards as the demand for virtual land has soared as of recent.

Now we have given a list of our top 3 best NFT land projects for 2023, we are going to take a closer look at each one in-depth. We will focus on key information including the price, Metaverses, and popularity of each of the properties.

As expected the price of NFT has skyrocketed over the past 12 months as NFT and Metaverse popularity has skyrocketed. Similar to real property, NFT real esttae operates on a supply/demand model so as buyer appetite grows, so does the price!

As we will see, each Metaverse platform offers slightly different models on how the land can be bought and sold, in addition to different player dynamics. We hope that by the end of this article you will have a better idea of which Metaverse suits your investment needs, should you be looking to purchase virtual land NFTs. Finally, the popularity of each Metaverse and their subsequent land NFTs varies, and this is something we will cover in-depth. Let’s dive right in!

1. Silks – Best NFT Land Project

Our first platform where you can find NFT land for sale in Silks. It is the world’s first blockchain-enabled metaverse based on thoroughbred horse racing. It is powered by a play-to-earn in-game economy where users can earn crypto tokens by contributing to the ecosystem and developing their gameplay.

The community itself will have the opportunity to acquire, trade, and collect digital tokens which represent racehorses in the real world. In addition to this, users can cultivate land and horse farms by buying, selling, and acquiring NFT land plots. They will also have access to other interactive digital assets that are necessary for supporting and developing the Silks ecosystem.

The thought process behind launching the metaverse is to bring the excitement of thoroughbred horse racing to a vast amount of people. In doing this, the developers hope to spread the sport and give it a new global presence by leveraging the reach of the Web 3 system. The economy itself is built on the model of the US horseracing industry, where 20,000 foals are born and trained each year to race.

This industry has huge presence, with over 30,000 races annually, 50m individuals betting, and over $11bn wagered on races. Considering these huge numbers, it seems like the Silks ecosystem could generate huge interest from the horseracing community. Should this happen, it could lead to huge gains for early investors, especially those who cultivate early land NFTs and sell them on to new users.

As mentioned, members of the Silks ecosystem can participate in the game by speculating on land, developing land into horse farms, purchasing and trading horses, and breeding horses. Investors can buy Silks Avatars NFTs.

By doing each of these tasks, individuals can also earn rewards, which is a great feature to consider. The token that users will receive from doing these tasks is $SLK. SLK is a non-inflationary fungible token built on the blockchain and governed by a decentralised autonomous organisation. There is a supply of 500m units of SLK.

The metaverse itself is built on 202,500 acres of virtual land which will be segmented on a 450×450 acre grid. Each plot of land will be represented by exact coordinates to determine its individual location. Each plot of land will be auctioned as an NFT, and users will need to purchase 10 acres of land before building horse farms.

Once users have acquired land, they can build stables upon it. House farms can be built up to 100 acres! The developers intend to build in a feature that allows the stables to be sold in the future, so the system operates similarly to traditional real estate.

Looking at the popularity of the project, it has amassed around 13,000 members on Discord and has over 13,000 followers on Twitter. Whilst this isn’t comparable to some of the larger NFT/Metaverse projects, it does provide a solid base for future growth, especially considering the metaverse is yet to launch. The public sale to mint Silks Genesis Avatars is April 27, and the whitelist is currently open. Considering all of the above factors, Silks could be a great long-term investment for land NFTs!

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

2. Origin Story – Bringing real estate properties to NFT marketplaces

Origin Story and real estate investment behemoth Roofstock have collaborated to bring real estate properties to NFT marketplaces.

At the speed of the Ethereum blockchain, home ownership can be transferred, and even financed, through smart contracts. By cutting out redundant intermediaries, Origin Protocol and Roofstock are able to cut traditional brokerage fees by over 50%

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

3. The Sandbox

The Sandbox is an Ethereum based metaverse looking to redefine the NFT gaming space. Similar to our two previous metaverses, it offers a play-to-earn virtual reality allowing players to design, create, buy and sell digital assets and other in-game elements. It was launched by Pioxwl way back in 2012.

It, therefore, has a similar story to Decentraland, growing in popularity with the rise of crypto, and then suddenly exploding in users during 2021. Celebrities like Deadmau5, Snoop Dogg, and Atari have all endorsed The Sandbox, lending credence to its mission to redefine the NFT gaming space.

What’s cool about the Sandbox is that it uses three main components: VoxEdit, Marketplace, and Game Creator. The VoxEdit tool allows users to create their own animated 3D objects in the metaverse.

These can literally be anything that users wish. Once an object is created, it is called an ASSET and it’s stored as an NFT under the ERC-1155 token (Another type of token stored on the Ethereum blockchain). These ASSETS can then be bought and sold on the secondary marketplace.

Aside from the ASSETS, users can also trade LAND, similar to Decentraland. The LAND comes in the form of NFTs stored as ERC-721 tokens. Each land NFT is 96×96 and players can buy and sell these as they wish. Once users own LAND, they can build houses to rent or to sell. These can also be incorporated into games.

There is a limited supply of 166,464 LAND in the Sandbox ecosystem. Recently, the Sandbox completed its Alpha Season 1 where players were able to experience the metaverse firsthand.

Powering both ASSETS and LAND is the governance token of the Sandbox metaverse. This is an ERC-20 token named SAND. So far, over 5 million SAND tokens have been distributed, and over 15,000 NFTs have been sold to investors on the primary market. This means that there is still plenty of room for early investors. All of these elements form The Sandbox ecosystem.

Looking at the popularity of the protocol, The Sandbox is much larger than Decentraland, being the largest metaverse in the world. The Sandbox has over 950,000 followers on Twitter and a whopping 305,000 discord members. This highlights the huge popularity of Sandbox and shows why it could be a great investment into the land NFT space today.

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

NFT Real Estate Explained

Before we dive into NFT land specifically, let’s run through a quick definition of what an NFT is. NFT stands for non-fungible token. NFTs are digital assets stored on the blockchain which means that they can be bought and sold on the secondary market. They usually take the form of pictures, videos, or audio.

Some popular NFTs that have exploded in valuation and popularity in the last 12 months include CryptoPunks, Bored Ape Yacht Club, and Veefriends.

NFT real estate and land is no different from the NFT projects above. However, instead of owning a picture or a video, you own a plot of land in a certain metaverse. You can use your digital land for pretty much anything, from advertising to socializing and gaming. Many owners use their land to host online experiences, and this has been the case with some huge names ranging from Snoop Dogg to Adidas.

Many large companies are realizing the use cases that the metaverse has to offer and are hence setting up shop, buying huge amounts of metaverse land NFTs. Real estate investors are also snapping up land, with NFT real estate group Metaverse Group spending a whopping $2.5m on 116 plots of LAND in Decentraland in November 2021.

When users purchase land in the metaverse, they usually have the opportunity to explore it as a 3D avatar. This is the case with all three of our top 3 best NFT land projects for 2023. Aside from our list, another hugely popular land NFT is Axie Infinity.

Throughout the coming months and years, it is likely that more and more metaverses will crop up, trying to emulate the success of Decentraland and The Sandbox. This could lead to a saturated market so investors should watch out for this trend if it were to occur.

Where to Buy NFT Real Estate & Land

Having read the above, you may be wondering where to buy NFT real estate and land. Buying NFT land is no different to buying a normal NFT. It is available on most decentralised in-game NFT exchanges. In addition to this, other in game assets can be purchased on the best NFT marketplaces like OpenSea, Magic Eden, and others. Another way in which you can gain a stake in the metaverse in by buying the governance tokens of each of the metaverses. $MANA, $SLK, and $SAND are all available on the best crypto exchanges like Coinbase, Binance, and eToro.

Before you purchase crypto or land, you will need to set a few different accounts. It is quick and easy to set up accounts with brokers like eToro, Coinbase, and Binance. All you need to do is visit the website and follow the onscreen instructions. It is worth noting that now, in the US, eToro customers can trade only Bitcoin, Bitcoin cash, and Ethereum on the platform.

At Business2Community, we have a number of articles showing you how to do this, so give them a read before choosing which broker you would like to use. Once you have a wallet, you can buy your crypto and start to set up your metaverse.

You will use this crypto to buy land in your metaverse. To do this in silks, you need to navigate to the in-game marketplace and purchase land. Once you have purchased land using your $SLK you can build property such as stables on top of it. Buying land in Decentraland is a similar process.

You need to make sure you have enough $MANA in your account, then you can either buy a new parcel, or bid on an existing one. Once you have your land you can build structures upon it to increase its value!

Finally, The Sandbox land NFT purchase is the same. All you need is some $SAND tokens. You need to visit one of the in-game auctions to purchase land. The dates of these sales are announced weekly. Once users have land they can buy, sell, and rent it.

While the projects have the potential to reap high rewards, they are also extremely volatile. This is the case with many NFTs and cryptos. Due to the severe lack of regulation in the markets, there is a lot of fraudulent activity, so users should be aware of this before purchasing investing large sums. Proper risk management should be used, and users should make sure they are well educated on their chosen crypto or NFT before they invest.

What’s the Best NFT Project?

Blockchain hosts numerous NFT projects, but we found Lucky Block to provide the biggest rewards. Lucky Block is an NFT-based competition platform where users stand a chance to earn up to $50,000 in crypto rewards. Players can take part in weekly main draws and NFT draws every Friday.

Players can enter by holding NFTs that have been minted on the Lucky Block network and use them as tickets to participate. The price of the NFTs vary per piece. For example, holders of the platinum Rollers Club NFT collection can get free entry to the exclusive weekly platinum competition.  An exclusive opportunity to earn crypto rewards, one lucky NFT holder is awarded 2% of the main draw on a daily basis.

At the centre of this platform is LBLOCK – the utility token that can be used to reward winners and settle transactions. LBLOCK released in January 2022 and rewarded investors with a 1,100% price increase within two weeks. The token also listed on the popular decentralized exchange – PancakeSwap and surged by over 3,000%.

Cryptoassets are a highly volatile unregulated investment product.

Conclusion

Metaverse land NFTs have been around for some time, however, they have only recently exploded in value as the NFT, and crypto worlds have gained huge popularity. As a consequence, metaverse land NFTs in Decentraland and The Sandbox have been selling for astronomical amounts of money.

That being said, the projects are still in their infancy and there are many opportunities to grab land on the primary market. These could reap huge rewards in the future, as the metaverse and Web 3 are more broadly adopted by users.

If users are looking for a fresh, new, potential high earning land NFT, then we recommend Silks. It is an early-stage metaverse releasing on April 27. It gives users the opportunity to experience the exciting world of thoroughbred horseracing firsthand through the metaverse.

Users can buy, sell, and trade land, property, and assets using the in came cryptocurrency. The metaverse has also gained significant popularity prior to its release, amassing almost 30,000 Twitter followers and Discord members. Click the link below to find out more!

Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk.

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