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Finance Virtual Properties with "Metaverse Loans" ������������������������������������������������������������������������������
Crypto Weekly
In terms of the crypto space, the Metaverse remains relatively new. Nevertheless, people still see some real value in it, so its exploding doesn't take away from that. As with NFTs, Metaverse also works based on rarity, and the value people opt to see in it is gradually becoming a lot.
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Mortgages in the Metaverse
TerraZero Technologies Inc. is providing investors with loans to buy properties in the Metaverse through its latest offering.
A Metaverse vertically integrated company. Recently, it provided a "Metaverse Mortgage" to one of its clients to purchase virtual real estate in Decentraland. The company hopes to provide similar financing for more interested individuals as part of their next meta. The company will enable this using their prospective virtual real estate (referred to as the NFTs) as collateral.
Investors can take out the mortgage in this way. The company provides them with "deployment rights," allowing them to develop their properties however they wish, provided they pay off monthly installments following the agreement. The company would then transfer the NFT/land ownership to the owner once the mortgage is fully paid.
As such, development is the next step in the growth of this virtual world where people have heavily invested. There was recently a $2 million sale of a plot of land in the Metaverse. Sales of such plots and virtual real estate topped $100 million that same week. With this kind of growth, TerraZero and other financiers are in a great position to take
advantage of the trend by making the Metaverse more accessible.
Decentraland on the Rise
There are week-long green candles on MANA charts, supporting the altcoin's 24.58% rally, regardless of the Metaverse hype. Additionally, with the appearance of an active uptrend after almost 20 days, investors may take advantage of the rally to take profits.
