Business Intelligence per le Land sul Metaverso di OVER the Reality - Metagate

Business Intelligence for Lands on the Metaverse of OVER the Reality

As Metagate, in addition to developing in the metaverse, we have created a first analysis tool (requestable reports) to this link) of the land transactions in the Metaverse of OVER the Reality.

Context:

OVER the Reality is currently the metaverse that we at Metagate are developing the most. From our point of view, Augmented Reality offers many more use cases than Virtual Reality, and OVER the Reality is the only metaverse pushing in this direction. The solution it offers allows for geolocating AR experiences without scanning QR codes or using links; this is possible by pre-scanning the location (map2earn function), recreating a neural map within the Unity builder of the metaverse, on which to build experiences that will then be recognized by the end user's device. To do this, the globe has been divided into hexagons of 300SQM: the NFT lands of OVER. These lands can be purchased (starting from $10) or rented to upload AR (or even VR) experiences.

This dynamic, from our point of view, makes the OVER lands very interesting for 2 specific reasons:

1. They allow us to experiment and create at a very low cost

2. They insist on real-world geolocations with everything that is positioned there. In our opinion, this makes certain lands definitely more appealing than others (the lands at the Colosseum will surely be worth more than those in the middle of the ocean). This also frees us from the risk of purchasing lands whose value is dictated only by proximity to other important brands (a dominant dynamic in other metaverses).

(A side reflection is that the mere sale of these lands allows OVER to have revenues that are uncorrelated with the development of individual projects on its platform; it may seem trivial, but this allows OVER's developers to focus on platform development rather than individual events.)

Why did we develop this tool?

We decided to develop this tool because it was primarily needed by us. A major difficulty in investing in Metaverse Real Estate is finding the appropriate information to conduct a market analysis as is customary for real estate valuations in the real world. In particular, for the lands of OVER, this problem was particularly significant due to the geographical correspondence of the Lands with the Real World.

Poter therefore track precisely which geographical areas are attracting more investors or which, on the other hand, present still unexpressed potential can certainly be useful for better tailoring our value proposition to the individual client who will inevitably have some geolocalized interest in some part of the globe.

Dubai analisi OVER the Reality

Aiming to identify anomalies or special opportunities in the global market could also become an important use case. Finally, the ability to monitor the market by identifying trends allows us to create customized reports that can be of great interest to those looking to invest in OVER or needing to conduct a comparative analysis with other metaverses.

The development of such a dashboard has indeed been an investment for Metagate, but above all it required time to identify the data sources, gather the necessary skills and tools, integrate them, and create the final UX. A company looking to enter the market may not have such budget, skills, or time resources; which is why we offer ourselves as providers of such reports.

Thanks to our dashboard, we are currently able to analyze the buying and selling of Land on OVER by filtering for:

1. Date range

2. Continent, state, city

3. Primary or secondary market

4. Single wallet

5. Pricing in OVR or USD

 

Lugnao dashboard analisi OVER the reality lands

We also monitor some data that OVER releases with only a monthly history, in order to provide depth to the historical evolution of such data (n.scansioni with map2earn, number of scenes uploaded, total number of OVR-Lands owners). In the future, we would like to extend the service to also monitor the rentals of Land on OVER and/or the monitoring of Land transactions on other metaverses.

How did we develop it?

For development, we have integrated existing skills and knowledge in Metagate with the competencies of Samuele Chiesa, developer Solidity that has agreed to collaborate on the creation of this dashboard. For data collection, we reviewed the OVER documentation identifying some main data sources:

1. The OVER site

2. The Polygon blockchain

3. The IPFS protocol

4. Platforms for token pricing

5. Geographic databases

Each of these data sources naturally required a different approach and sometimes specific skills. The integration of all this data was made possible thanks to a business intelligence software that allowed us not only to integrate the different databases but also to insert specific and cross-cutting filters, as well as to recalculate specific KPIs for the use case in question.

Important to emphasize that we have set up the work in such a way that we do not have to download all the data every time, but only update the database with the missing data. This is because land transactions on OVER have already exceeded 800k transactions, and assuming a growing pace of these, it was unthinkable to always start from scratch.

dashboard business intelligence metagate over the reality lands

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