Republic aims to alter the perception that purchasing a home is out of reach. Republic Realm, a private investing platform, has created the very first digital NFT real estate fund, which invests solely on properties in the virtual world. A few months ago, Republic Realm’s subsidiary, OpenDeal Inc., received a $36 million capital injection from Galaxy Digital, a prominent cryptocurrency firm, which has aided the company’s digital real estate efforts.

With the expansion of new technologies, such as the development of blockchain assets, cryptocurrencies, NFTs, and virtual reality, the confluence of the pandemic has pushed much of our lives online, according to the company, who has all driven and current interest in the virtual world of real estate.

Over the last three years, Kawamura has been closely observing the digital environment grow, placing them in a great position to assist in the launch of Republic Realm. The fund concentrates on the development, purchase, and maintenance of virtual lands in a number of leading metaverses, including Decentraland, which resides on the blockchain of Ethereum, Cryptovoxels, and The Sandbox.

The purchase of non-fungible tokens, or NFTs, are how investments are handled. The highly desired blockchain asset is utilized to verify the scarcity of digital assets and ownership, and has been adopted by the art, gaming, fashion, and music sectors. Along these virtual worlds, Republic Realms focuses on “parcels” of land, which are valued based on their location, size, and prior transactions.

According to Kawamura, once inside these virtual environments, the opportunities of for innovation – and profit – are limitless. Companies may purchase properties to create virtual shops, which can be used to sell different products, construct virtual art exhibits, or buying and selling ad spaces. Inside the metaverses, there are also several virtual casinos that employ actual individuals as staff to run their games.

For many new investors, digital real estate may also be a better long-term investment. While actual real estate can be expensive and time-consuming to maintain, virtual property ownership may be a more affordable option as well.