Metaverse: What’s next? Visualization and Construction – Real Estate & AI (Artificial Intelligence)

metaverse, real estate & AI – Today our real estate expert introduces us to the concept of the metaverse, a virtual world that can facilitate collaboration and communication between project stakeholders. It is already possible to buy and own real estate in the metaverse, and it is expected that virtual real estate trading will continue to grow in the future. Some examples of virtual real estate in the Metaverse are also given.

Metaverse and real estate

In the interview Real Estate & AI with Lukinski, we talked about the future with AI. We had a few follow-up questions about the exciting topics and what we can expect in 4, 5 years. Among others, it was about:

Metaverse: What’s next?

FIV: Thank you for taking a moment again! How will this affect metaverse visualization, construction and co.

Lukinski: The metaverse is a term that refers to a virtual world where people can interact and communicate with each other in real time. Metaverse technology is expected to have a significant impact on visualization, construction and other aspects of the real estate industry.

One of the main benefits of Metaverse is that it can facilitate collaboration and communication between project stakeholders. For example, architects, builders and engineers can hold virtual meetings to review designs and discuss changes without having to be physically present. This can speed up the design process and improve collaboration.

Fragrance Shop | by FIV

In addition, the Metaverse can enable immersive 3D visualization of buildings, guiding viewers through the building without having to be physically present. This can help builders and investors get a better picture of a building and its surroundings before it is built.

The metaverse can also help make real estate construction faster and more efficient by allowing virtual buildings to be designed, constructed and tested before they are physically built. This can help minimize errors and optimize the construction process.

Overall, the Metaverse can help transform the real estate industry by providing new ways to collaborate, visualize and plan buildings. However, it will take time for the technology to mature and become widespread to have a significant impact.

Buy real estate in the metaverse

FIV: Can you already buy real estate in the metaverse?

Yes, it is already possible to buy real estate in the metaverse. Virtual worlds like Second Life, Decentraland and Somnium Space already offer the possibility to buy and own virtual land and buildings.

In these virtual worlds, users can buy their own virtual property, build on it and erect their own buildings on it. The virtual buildings can also be rented or sold, similar to real life.

There are also already startups specifically focused on trading virtual real estate in the metaverse. These companies offer platforms where users can buy and sell virtual land and buildings.

It is expected that virtual real estate trading in the metaverse will continue to grow in the future as technology and virtual worlds continue to improve and attract more users.

Metaverse real estate examples!

here are some examples of virtual real estate in the metaverse:

  1. Decentraland
  2. Somnium Space
  3. The Sandbox
  4. CryptoVoxels

Decentraland

In Decentraland, users can buy and own virtual properties on which they can create their own buildings and applications. There are already several companies that own and use virtual properties in Decentraland, such as Atari, which operates its own virtual casinos.

Somnium Space

Somnium Space is a virtual world where users can buy and own land and buildings. The platform also offers the possibility to rent or sell the virtual properties.

The Sandbox

The Sandbox is a virtual world where users can own and build on their own virtual land. The platform uses blockchain technology to manage the ownership of the virtual land and buildings and enable trading with them.

CryptoVoxels

In CryptoVoxels, users can buy and own virtual plots of land on which they can create their own buildings and artworks. The platform uses the Ethereum blockchain to manage the ownership of the virtual plots.

These virtual worlds and platforms are just a few examples of virtual real estate trading in the Metaverse. It is to be expected that further platforms and virtual worlds will emerge in the future that enable trading in virtual real estate.

Fancy more future?

Real Estate & AI (Artificial Intelligence) – The Interview

Today and the future – How is a villa created and how would it be created if artificial intelligence were in play. This interview with Stephan Czaja of Lukinski provides an overview of the steps involved in planning and visualizing villas and their timeline. Architects usually create 3D visualizations to give their clients a better idea of their design.

Artificial intelligence (AI) can improve the process of 3D visualization in the future through automation, personalization, simulations, increased efficiency and real-time updates. Other possible developments include automation of planning, control of construction machinery by AI, creation of 4D visualizations, and personalized advice through AI-based tools. A look into today and the future with AI!