FAQs

The metaverse, an interconnected digital universe, is reshaping the way we understand real estate. No longer limited to physical land, property ownership now extends into the digital realm, opening up a world of possibilities. But how does one navigate this virtual property market? Let's break it down via our unique solutions for creating a digital twins of your home in real life.

A digital twin home is a virtual replica of a physical real estate home which exists in the metaverse. 

Much like our physical world, the metaverse is divided into plots or parcels of virtual land. These plots can be bought, sold, developed, or leased. But instead of brick-and-mortar structures, they're represented by digital constructs, from simple 3D spaces to intricate, immersive environments. These digital properties can host virtual events, concerts, art galleries, e-commerce stores, or even virtual homes and offices.

A non-fungible token or NFT is an unique digital identifier that is recorded on a blockchain and is used to certify ownership and authenticity. It cannot be copied, substituted, or subdivided. The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded.

Matterport platform enables anyone to turn a space into an accurate and immersive digital twin which can be used to design, build, operate, promote, and understand any space. Matterport is an all-in-one platform that makes the lives of designers a lot easier. They call it “the standard for 3D space capture”, and this is definitely a great explanation of the tool. With this tool, users can transform spaces in real life into their digital twin models in the metaverse world. 

The intrinsic value of real estate in the metaverse is determined by its location, utility, and engagement potential. High-traffic areas, for instance, become prime digital real estate, much like a storefront on a bustling city street. Moreover, with the integration of blockchain technology, ownership and transactions of these virtual properties are secure, transparent, and tamper-proof, offering tangible value in an intangible space.