A digital plot of land in Decentraland, an online, virtual-only environment, sold for a record $ 2.43 million in cryptocurrency, more than double the previous record for virtual real estate, which was over $ 913,000.
Tokens.com, a publicly traded company that invests in income-generating digital assets, has acquired 116 virtual plots of land in the Decentraland metaverse for $ 2.43 million. They were purchased using 618,000 MANA, a cryptocurrency that is currently trading at 5.10 euros. Each measures just under 5 square meters, for a total area of about 566 square meters. To give you an idea, it’s a bit bigger than a basketball court.
This is the largest acquisition of land in a metaverse to date. The previous largest transaction was in June, whenanother virtual land had been sold for 913,000 dollars. The buyer would have built a shopping center there. Since purchasing the $ 2.4 million plots, MANA’s price has skyrocketed, as the same land is now estimated to cost around $ 3.3 million.
What will these virtual plots of land be used for?
Interest in this kind of acquisition increased last month when Facebook changed its name to Meta in order to reflect his intention to develop a true metaverse. Internet users had also quickly made fun of the new name of Facebook on social networks.
According to Tokens.com, the purchased lots are located in the Fashion Street district of Decentraland and will be developed to meet the growing demand of fashion brands from showcase digital goods in the metaverse.
« Fashion is the next big area to see strong growth in the metaverse “Sam Hamilton, content manager at the Decentraland Foundation, said in a statement. ” It is therefore timely, and very exciting, that Metaverse Group has made such a decisive commitment by purchasing this land in the heart of the fashion district of Decentraland. “. We will have to continue to follow the evolution of these metaverse to know if this type of investment is really interesting or not.
Source : tokens.com