This blog is about What Is Digital Real Estate and the benefits of digital real estate. Nowadays, people are looking for various methods to enhance their income by investing it in various businesses. But before beginning any kind of investment, one should know about the benefits that they can get by investing in it, which are very much promising.
As technology advances, new things are being invented by technology. During the pandemic, most businesses where a physical human presence was extremely important ran into losses because of curfews & lockdowns here and there.
Real estate is properties limited to the house/building and includes the whole land where the building is situated and other stuff. And real estate business is the business where people buy or sell their properties.
The buying and selling mostly happen in 2 ways. It is either done directly by the buyer and the seller, or the business is done between the buyer and the seller, but in this case – there is a middle person, known as a broker.
That was the matter of traditional real estate. But, in recent years, new technologies have evolved & new ideas have gotten inspired by them. One of such ideas is digital real estate.
Things considered nowadays as digital real estate were present long ago, since the early days of the web. Still, they have recently been recognized as digital real estate and property because of the rising importance of technology in our lives.
First of all, the concept of digital real estate is far more than you think. Any property which is present in the digital world can be called digital real estate. If the concept of digital real estate is generalized, everything which presents itself online is related to digital real estate.
While typical real estate is limited to very certain things and can only be brought in exchange for real money, the most amazing fact about digital real estate is that you can own the digital properties without even spending a cent in digital real estate.
Classifications of Digital Real Estate
- Web 1.0
- Web 2.0
- Web 3.0
What if I told you that you already own your digital real estate? While it seems very amazing to you, that’s true, and the example I will supply next will clear all your doubts. Let’s dive into detail.
Web 1.0 Based Digital Real Estates
- E-mail Address
- Domain name
Let’s discuss this in detail.
The E-mail address is one of the most popular real estates that every person present in the online world has. Every one of us has a mobile phone, and if you have one, I am sure that you too have your personal email address.
E-mail is the new replacement for the traditional mail system. It took dozens of days to send and get the replay of any letter. Email has made that convenient to us to a great extent. And that very email is considered to be one of the most popular real estate.
Just as each person in the world has a unique address, the same thing applies in the case of emails. Evey email address is unique & different from each other. And that’s why an email id has its own value.
Domain name/domain address is one of the best examples of real estate. The domain name is the combination of (mostly) letters and (in some cases) numbers that take us to a certain website when typed in the browser. Like, email address, every domain address is unique. In fact, domain addresses are sold and bought for huge amounts of money.
This happens when a company finds any domain of its business name. CarInsurance.com was one such domain that was sold for almost 50 million dollars. This web 1.0 digital real estate list also includes stuff like personal blogs or sites.
Web 2.0 Based Digital Real Estates
- Social Media profiles
We all use social media to share the latest news of our lives & things that impact us in our social media handle. Most popular social media platforms include Whatsapp, Facebook, Twitter, and YouTube.
While social media platforms like Whatsapp and Facebook messenger are mostly for personal use, platforms like Facebook, Twitter, and Instagram are used to broadcast to a mass audience.
Celebrities often use these social media platforms for advertisements for products. Creators worldwide use social media platforms like YouTube to earn an adequate amount of money. And that’s what makes these social media platforms digital real estate.
Web 3.0 Based Digital Real Estates
Web 3.0-based social media platforms are the newest in technology, and most people don’t have any idea about these social media platforms. The most common Web 3.0-based social media platforms examples include cryptocurrency NFTs.
Cryptocurrency or crypto is the new type of currency that surprisingly has no physical existence. Currently, we have more than 17,000 types of crypto that we can buy or sell. They are traded via crypto exchanges all around the world.
Benefits of Digital Real Estate
- You are your boss
Let’s discuss it in detail.
You Are Your Boss
In your job or business, most things depend on other people. But when you are buying or building any digital real estate (for example – your website), it mostly depends on what you like: the topics on which you want to write your blogs or how you will customize your website or blog. These things give you even more flexibility than a business.
Ace investors agree that you should always try to diversify your portfolio. But, what is more, important than diversifying your portfolio is to diversify your source of income. Digital real estate like YouTube often gives you a scope to earn a passive income with significantly less effort than your job.
Disadvantages of Digital Real Estate
With all the advantages, digital real estate is always going through several critical disadvantages.
It’s true that with a hugely followed YouTube channel, you can earn way more money than most jobs. On the opposite pole, it is also true that the earnings from YouTube are not fixed. The same thing applies to crypto. With a superb trade in crypto, people seem to be earning tons of dollars. But, some people have lost tons of dollars via trading in crypto.
This article has given a basic introduction to digital real estate. At the beginning of the article, we have pointed out the differences between traditional and elected and digital real estate. So, that was a brief introduction to digital real estate.
We have moved to the examples of digital real estate and have classified the digital estates into different categories. And in the end, we have also discussed some advantages and disadvantages of digital real estate to let you know more about it.
We shall be glad if you leave a comment about the article & questions you are having regarding the article.