Digital real estate
To keep it simple, digital real estate is everything you see online related to real estate. A more technical term is "Virtual Property." So, all the websites, domain names, and URLs are forms of digital assets, and like most assets, they are worth money. Some people are jumping in early.
Much like traditional real estate, these properties can be bought and sold on the market. Think of the social media giants, like Youtube, Twitter, Facebook, Instagram, and most recently Clubhouse; these are the landlords of the future. For many social media apps, the owners get paid when the users purchase ads (e.g. Facebook, Pinterest, Instagram ads) or pay to boost their profile. Just like that, the landlord receives passive income, and, unlike traditional landlords, digital landlords do not have to repair leaky faucets or fix plumbing.
One major takeaway from the global shutdown during the COVID-19 pandemic is that the future is heading towards digital. During the shutdown, the world went remote and relied heavily on digital assets to perform its routine business activity, and this digital concept was no less prevalent in the real estate industry.
Think of the Jetsons Era. The real estate market of our advancing world is also digital, and for a savvy investor, the time to hop into the digital marketplace is now. Maybe you can be the next investing giant!
Before you hop into the exciting digital real estate market, you may have one looming question hanging over your head: What exactly is Digital Real Estate? The term may seem rather abstract even for the most savvy of investors, so let's dive in and learn more about digital real estate.
While there are some differences, there also are many similarities. Just like with physical real estate, digital landowners have one of the most essential tools to winning the wealth game: ownership. Sounds a bit like the game Monopoly, I know.
On Decentraland, land is selling for as high as $900,000 for 16 virtual acres. While some virtual plots are being sold for close to a million dollars. Now you do not have to break the bank in the digital marketplace. You can purchase a domain name (a form of digital real estate) for as low as $12. Plus, it doesn't have to be complicated -- you can start by creating a domain name using your own name.
As you can see, investing in digital real estate is worth your while. Some of the most well-known websites are worth millions. For instance, The Huffington Post has an estimated value of $214 million. With the chance of becoming a millionaire, the time is now to start that blog you've been putting off!