There are generally two ways to sell NFT land. You can sell through the Metaverse Project Market or on the secondary market. The Sandbox is currently only available on third-party marketplaces. In the future, landowners will be able to sell directly through The Sandbox for a 5% transaction fee in SAND.
If you want to sell land on OpenSea, just enter your profile and click the [Sell] button on the NFT. You can create fixed-price or fixed-time auctions.
How to Lease Land in the Metaverse
Projects such as The Sandbox offer landowners the opportunity to lease their land to third parties. But there is currently no official system to do this. If you decide to lease the land to someone else, you need to arrange it privately and the whole process is very risky. When renting out, NFT ownership must never be transferred to the tenant. It will be safer to wait until the official guaranteed rental system rolls out.
Buying NFT Virtual Land Notes
Investing in NFT land is the same as investing in other projects, and the best practices should always be followed. Make sure to use the official project link or choose a reputable third-party marketplace to buy NFT land. Before buying, carefully research the platform you are investing in and check the fundamentals. Don’t forget, buying isn’t the only option. You may be able to lease some land later if you have specific needs.
The digital real estate ecosystem is hugely popular in the cryptocurrency space. As you can see, buying and selling land is relatively easy. However, from a current price perspective, it is sometimes more expensive than investing in physical real estate. If you buy NFT metaverse land, make sure to consider the risks and follow cryptocurrency security practices.