How does buying virtual land work?
Could you elaborate on the process of purchasing virtual land in the realm of cryptocurrencies and blockchain technology? I'm particularly interested in understanding the mechanics behind such transactions. How does one identify desirable plots of virtual real estate? What factors influence pricing? And most importantly, how does the acquisition of virtual land translate into tangible value or returns on investment? Is it simply a speculative bubble, or does it have the potential for real-world applications and long-term sustainability? I'd appreciate a detailed explanation of the entire process from start to finish.