When the cryptocurrency ecosystem is discussed, it looks that something is surely happening in Spain. The ratio of crypto adoption is very high in Spain. On the other side, they are also showing interest in Metaverse. Spanish firms Metrovacesa and DataCasas Proptech together are able to do something that is very meaningful. Metrovacesa is a conventional real estate agency in Spain with a history of 100 years. DataCasas Proptech is a Spanish association that specializes in online property sales.
Possibly, a virtual real estate office will be developed due to the joint efforts of both companies. The office will be on the plot of Metaverse Decentraland. Yes, they own a real estate office in Metaverse.
They will become the first Spanish builders to gain access to this virtual space and sell IRL property. Virtual real estate office provides consumers with the facility of getting digital information about homes. They are also provided with the help of a virtual sales representative to carry out the purchase process remotely.
This real estate office shares the Metaverse business world with other big companies from various fields that are already selling their goods in the virtual world. A building named Malaga Towers is going to be flogged in the Metaverse real estate.
Metaverse is presently spreading like light. According to Metrovaces, everyone has easy access to their real estate agency in Metaverse. It looks like someone is passing through a shopping place that is designed in 3D. Those users who registered at Decentraland create their avatars and can pass through the Metaverse and connect with firms that have purchased or rented plots there.
A virtual real estate agency will provide potential purchasers of real estate with a virtual feel for the actual-life building. Malaga Towers is built on the beach in Malaga City. The metaverse real estate agency makes necessary arrangements so that the potential purchasers can see 3D models, videos of projects and plans. The virtual representative is always there to provide guidance to the users to reserve a home for themselves. The sales process can be done entirely digitally.
Metrovacesa is not an alien to Web3. In 2018, they launched several projects on Blockchain, including asset tokenization, traceability projects, certification of its stability responsibility, and debt tokenization. They express that these experiments put them in a strong position to figure out the technology on which Metaverse is placed, and take advantage of it.
Real estate-related activities are on the rise in Metaverse. This is evidenced by the fact that financing in land and the virtual property has been set to exceed $500 million in 2021. It reached $85 million in Jan 2022 and is projected to reach $1,000 million year-round.
MetroVacesa’s director Carmen Chicharro said that her aim is to build a workshop in Metaverse with the proof of notion to examine a new relationship channel. With the help of a digital consumer profile, purchasers can get a physical or virtual home, and they can use NFTs methods for payment and investment. We want to figure out if there is a fresh trade model in Metaverse, she said.
Datacasas Proptech CEO Santiago Cabezas-Castellanos told that they have earned £12 million by selling new property. The client’s mobiles are used for most of the sales. Blockchain is going to bring change to the world of real estate.
At Tokenhell, we help over 5,000 crypto companies amplify their content reach—and you can join them! For inquiries, reach out to us at info@tokenhell.com. Please remember, cryptocurrencies are highly volatile assets. Always conduct thorough research before making any investment decisions. Some content on this website, including posts under Crypto Cable, Sponsored Articles, and Press Releases, is provided by guest contributors or paid sponsors. The views expressed in these posts do not necessarily represent the opinions of Tokenhell. We are not responsible for the accuracy, quality, or reliability of any third-party content, advertisements, products, or banners featured on this site. For more details, please review our full terms and conditions / disclaimer.