Introducing Blockee

Blockee is an aggregator of NFT land from virtual worlds and web3 games. The idea for Blockee was born in mid-2021 with the mission to make virtual land available to everybody, especially to traditional real estate investors who want to get exposure to virtual real estate with their portfolios.

Virtual real estate in the metaverse is booming, and its value has been proven to go up over time. Unlike generalized NFT marketplaces that sell everything, Blockee positions itself as one of the first marketplaces to solely focus on NFT land. By providing a user experience that is similar to platforms for physical real estate like Zillow or Redfin, Blockee aims to reduce the complexity of buying and selling NFT land in the metaverse.

Discovering and analyzing virtual real estate in generalized marketplaces can be difficult since they don’t have features that are common on traditional real estate platforms. That’s why Blockee brings many powerful features and tools that were so far limited to real-world real estate platforms to the metaverse, such as automated ML-based price estimates, map-based search, and many more. With these features, it’ll be easier for users to find what they want and make informed buying decisions.

What is the Metaverse?

The term ‘Metaverse’ was coined by Neal Stephenson in his 1992 dystopian cyberpunk novel Snow Crash, in which he imagined lifelike avatars interacting in realistic 3D structures and other virtual reality settings. Ernest Cline further explored this concept in his novel Ready Player One. Since the release of these two novels, various developments have been made to create a real metaverse.

The Metaverse in the real world is the new internet, an online virtual world that combines virtual reality, augmented reality, 3D holographic avatars, video, and other forms of communication. As the Metaverse grows, it will connect people from all around the globe and provide a hyper-real alternative universe where its users can coexist in.The Metaverse won’t be a platform that is bound to a specific place or app. It will be interoperable and persistent, allowing you to work, play, and stay connected with friends. Within the Metaverse, you can go to your virtual office and attend a meeting, take virtual trips around the world, see your favorite band in a virtual concert, hang out with friends in your private villa, or fight enemies on a battlefield.

What is Digital Land?

Digital land is the Metaverse’s equivalent of static web pages on the original internet. It makes up the digital environment that users interact with. Today, there are several metaverses that allow anyone to purchase digital land using the specific Metaverse’s currency. Just like in the real world, those who own land have the ability to build (program) whatever they want on top of it. The possibility is endless, from art galleries and cinemas to high fashion stores and casinos.

Just like physical land in the real world, not all digital land is equal. Some have an abundance of resources, some are located near popular areas of the Metaverse, and some might be bigger in size than the others. With all the differences, land-trading is definitely an exciting and lively experience.

What are NFTs?

Non-fungible tokens, or NFTs, are unique digital assets representing items and their ownership. They are one of a kind, come with unique identifying codes, and are not equal to one another. In other words, NFTs are like digital contracts, which assign ownership, contain built-in authentication, and manage the transferability of the item. If you make (mint), receive, or purchase an NFT, you have secure proof of ownership that is trackable in the blockchain.NFTs are used extensively to establish ownership of digital assets in the next generation of the web, particularly the Metaverse. Due to the smart contract functionalities, NFTs make selling and purchasing digital real estate on the Metaverse easier. That’s one of the reasons why every digital land in the Metaverse is an NFT.Today, NFTs have helped create numerous play-to-earn economies. Axie Infinity, the leading P2E game that has hit a 3 billion USD valuation, is one of the examples.

What is Ethereum?

Ethereum is a community-built technology behind the digital currency Ether (ETH) and a vast number of applications you can use today. It’s a decentralized, open-source blockchain network that enables the creation of decentralized applications and smart contracts. Powered by the Ether token, it allows you to make transactions, use and store NFTs, earn interest on your holdings through staking, trade cryptocurrency, play games, interact with other users, and many more. Anyone can create and run programs on the Ethereum network as long as they have enough Ether to pay for the execution of the program.

Instead of a centralized server, the Ethereum network exists on thousands of computers across the globe, with users participating as “nodes.” Every computer in the network is always cross-verifying that any interactions and transactions are valid. If anyone tries to write a fake transaction to the Ethereum network, the operators will reject it. This means that the Ethereum blockchain is tamper-proof, censorship-resistant, and highly immune to attacks.

In order to run their programs and track ownership of digital assets, most Metaverses rely on Ethereum or similar blockchains.