The metaverse refers to a network of 3D virtual worlds focused on social connection. This encompasses video game programs, digital processing platforms, virtual reality, and, most widely used, social media networks. Globally, 4.2 billion individuals currently use these platforms, primarily Instagram and Facebook, which in 2021 launched themselves as founders of the metaverse.
Enhancing luxury real estate
Presdon Luczek is the Executive Director of Luxury Sales in the Sports and Entertainment Division of One Sotheby’s International Realty, catering exclusively to ‘UHNW’ clientele. Presdon strongly believes the metaverse will enhance the luxury real estate landscape.
Presdon is on the cutting edge of the digital era using outward facing media to his clientele’s advantage by growing his in-house production company. “I enjoy the creative freedom of social networks, it’s a place where business and art become seamlessly intertwined”. Social media within the metaverse are where all these elements manifest, space to express, create, and connect.
In 2021, the metaverse held a record-breaking transaction: a $2.5M sale of 116 parcels of “land” in Decentraland. People correlate buying land today in the virtual world similar to purchasing land in Manhattan in 1750. We live in a financial revolution, as digital currency/ marketing in the world transformed the real estate market.
Advantage in adaptability
Presdon Luczek, is recognized as One Sotheby’s International Realty #1 Top individual in Palm Beach County, Florida as of 2020 & 2021. His young age gained him the advantage of adaptability with the ever-changing nature of his field. Presdon fuses old-school values with cutting-edge technology. Presdon embodies how vital digital content is to luxury real estate. Every detail is attuned to; no single image or video is released under Presdon’s brand without being observed with a fine tooth comb.
“I truly work in the people business, developing quality relationships with my clientele is the cornerstone. We leverage technology as a tool to offer access to exclusive outward-facing media, such as Forbes, The Wallstreet Journal, The New York Times, and now, the Metaverse
He explains that purchasing land in the Metaverse requires creating a digital wallet and buying the type of digital currency that’s accepted. Looking ahead, potential investors can acquire plots that measure 16 by 16 meters, and buyers can pay with MANA, which is a crypto token that facilitates the transaction. Land purchases are recorded as nonfungible tokens, and they are traded via NFT exchanges.
The emergence of virtual real estate marketplaces over the past two decades explains why so many novice and experienced investors are set on developing and selling real estate in the metaverse. Recent announcements by tech firms, including Facebook’s rebranding and refocus as Meta and the expected release of augmented reality goggles by Apple in 2022, have underscored investor belief that the technology has finally caught up to the demand. Presdon believes that the metaverse will be mainstream and accessible to everybody. To learn more about real estate in the metaverse, contact Presdon on his
