Cryptheory: NFT, Play-to-Earn, Crypto News

24/7 crypto news, cryptocurrency meaning, guides, learning, #cryptohelpschildren

TerraZero customers can take mortgage to buy a land in a metaverse

1 min read

 

The technology company TerraZero Technologies provides a mortgage to buy real estate in popular metaverses.

Mortgage to buy a land in a metaverse

One of the users of the virtual space took out a loan from the company secured by the NFT to buy land worth $ 45,000. The client used a new service of the organization called Metaverse Mortgage.

Hundreds of people contact us every day with the question, “Will you help me buy a property?” At first we thought it wasn’t possible, but then we decided to give it a try.

In the end, everyone wins. Young people are not able to buy real estate in the real world, but in the metaverse they have such an option because virtual houses are cheaper than real ones.

TerraZero CEO Dan Reitzik

To obtain the morgage, you need to complete the application on the TerraZero website in the section Metaverse Mortgage, verify your identity and sign the contract. Until the debt is repaid, TerraZero will resign as the owner of the NFT real estate. However, immediately after the conclusion of the credit transaction, the company will allow customers to build a building, organize events, open a store and offices on the acquired land.

TerraZero customers can take the plot to the land in a meta version
source: terrazero.com

Trezor goes back and gives up asking its users controversial KYC

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

Leave a Reply

Your email address will not be published.