- The limitation right now with normal web2 solutions is that there is no real sense of immersion for people when it comes to touring property online.
- Real estate developers, buyers, and sellers are already giving virtual tours
- LUDO will become the new web3 search engine that will allow people that are not tech savvy to enter the space safely and easily.
Fed Chairman Jerome Powell recently said, “if you are a home buyer, or you are a young person looking to buy a home, you need a little bit of a reset.” In the last two years, the world has gone through a roller coaster of changes when it comes to the pandemic, geopolitics, markets, and more, and both the real estate and the metaverse have gone through exponential growth in that time as well. While the two correlate in their growth over recent times, they are not mutually exclusive events. The metaverse shows that it will completely change the real estate sector, and this might happen sooner than expected.
Real estate, in the last 24 months, went up by 37% in value. The last time the world saw a similarly rapid growth was in 2008, when real estate grew by 29% in 24 months. Therefore, with the warnings from the Fed and the record-high increase in values, there is absolutely no question that there needs to be a huge change in the real estate sector.
As the average income has only increased 6% in the same period of time, it is almost certain that this level of growth is not sustainable, and the world is looking at what is called an economic reset. But what does any of this have to do with the metaverse? LUDO is a company that will help answer that question.
What’s next? One thing is sure: Businesses must have the flexibility and ability to adjust to market developments swiftly.
Many factors play an important role in purchasing property, such as the utilities around, how close it is to work and school, or the ease of accessing public transportation.
The limitation right now with normal web2 solutions is that there is no real sense of immersion for people when it comes to touring property online. There is no sense of the feel of the location, no reliability or scale in terms of the size. Property buyers still insist on going to the place physically, which is difficult.
Transport, scheduling with an agent, or existing tenants are just some obstacles people face when looking for a property. A lot of effort and resources need to be poured in by sellers and buyers to make a potential deal and close a transaction.
Even with applications like AirBNB, Zillo, and many more, the limitations placed in the real world still pose a huge gap in the market. This is something web3 and the metaverse will certainly change.
Real estate developers, buyers, and sellers are already giving virtual tours online. But imagine if you can actually be inside the property. Imagine if you had the furniture you wanted at your fingertips. Imagine you could do a hundred house tours a day. Imagine if you can just make an offer right then and there, in the metaverse, or marketplace. This is something web3 and the metaverse will change in the real estate industry.
However, the problem now is that most people see the metaverse as a figment and an entity that will only come to existence way down the line. No one has tangible experience in the metaverse or web3. But there is a company that aims to solve this. LUDO will bridge the gap between the metaverse and web 3 for everyone in the world. LUDO will become the new search engine that will allow people to seamlessly and effortlessly explore the web3. Currently, the entire web3 space is still complex for others. LUDO will become the new web3 search engine that will allow people that are not tech savvy to enter the space safely and easily.