A Canadian investment firm just bought another virtual land in Metaverse for $ 2.5 million.
Tokens.com is investing heavily in the virtual space of Metaverse.
The Canadian investment firm revealed that it recently paid $ 2.43 million in cryptocurrency for digital land. This purchase is known to be the most expensive of its kind in the history of the digital metaverse.
Tokens.com, a company that focuses on decentralized finance (De-Fi) and a DeFi website, made the purchase on Decentraland, a blockchain-based metaverse where Bitcoin is used to personalize avatars, purchase goods. real estate and communicate with other users.
According to Tokens.com, the property is described as an “estate of 116 plots in the heart of the Fashion Street district of Decentraland”, with a total area of 6,090 square feet, or approximately 1.3 basketball courts.
It will be used to host digital fashion shows and expand e-commerce offerings for fashion companies.
Additionally, according to The Block Crypto, Tokens.com paid $ 1.68 million for a 50% stake in Metaverse Group in mid-October. In the virtual world platforms Cryptovoxels, The Sandbox, Upland and Somnium, Metaverse Group also sells and leases virtual land.
The acquired lots will be built in the Fashion Street sector of Decentraland to meet the growing demand from fashion brands to promote digital items in the metaverse.
Tokens.com Corp is a publicly traded company that owns a cryptocurrency portfolio based on DeFi and NFT.
The company’s cryptocurrency inventory is used to obtain additional tokens through a process called staking. This Also owns Metaverse Group, one of the world’s premier NFT-based virtual real estate blockchain companies.
Tokens.com offers public market investors a simple and secure way to gain exposure to DeFi and NFT related cryptocurrencies through its growing inventory of digital assets.
Additionally, Tokens.com, which invests in income-generating crypto and blockchain assets related to decentralized finance (DeFi), non-fungible tokens (NFT), and metaverse real estate, is delighted to announce that the purchase of a 50% share in The Metaverse Group is completed.
As Business Wire reports, “The metaverse is a game-changer in how advertisers and brands market their products. Physical and virtual real estate are extremely similar. As more and more people congregate in these virtual cities, the earth is becoming increasingly sought after for its ability to reach a new global demographics. “
Tokens.com CEO Andrew Kiguel said that “Metaverse Group has the potential to be a major owner and developer using the same strategies used by physical property managers.”
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Metaverse Group is one of the world’s first NFT-based virtual real estate companies, including properties in leading blockchain-based metaversees such as Decentraland, Somnium Space, The Sandbox, Cryptovoxels, and Upland.
Additional services provided by Metaverse Group include virtual property construction, property management, and support for Metaverse marketing and advertising.
Facebook, which publicly renamed itself Meta in line with its future plans for Metaverse, has reportedly invested $ 50 million to build its Metaverse ecosystem, which the company collectively considers “a set of virtual spaces where you can create and explore with people. other people who are not in the same physical space as you. “
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