Metaverse land is digital land registered on a blockchain. There are several digital universes with their own limitations, art styles, and approaches to ownership. Digital land is not unique to Web 3 but ownership of digital land, assets, and an active role in the future of the digital universe is new.
Investors can purchase digital land in a Metaverse and sell products or provide a service for others. Products include avatar clothing, NFTs that bridge the real world and the digital world like coupons and tickets that can be redeemed at physical locations. Services can be experiences like competitive games, and digital events.
Many Metaverses use their own cryptocurrency to manage their economies. Holders of the Cryptocurrency will sometimes have the right to vote on future updates to the Metaverse like issuing land or changes to the currency.
Sandbox is a metaverse backed by Gemini and investors like Atari and Binance.
VoxEdit can be used to create 3d objects for the Sandbox Metaverse.
Once you have a set of objects, you can create a scene using the Sandbox Game Maker.
The Sandbox | Create and Play in Exciting Voxel Universes