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#Roommates, the real estate market is one of the most profitable ways to get coins-but buying real estate has a new twist that involves Metaverse The company is spending millions of dollars to get rid of it. According to recent reports, buying virtual land in Metaverse is the latest craze in real estate, and some of the most popular companies in the tech world are proving that the next big thing in the investment world is at any cost.
Last month, when Mark Zuckerberg officially announced that Facebook would be renamed Meta, What is meta festival Its earning potential began to soar. If you need a quick review, Metaverse is an online world that crosses the Internet into an immersive four-dimensional experience-and it is about to become a big business. @NYTimes reported that preparing for the upcoming metaverse land boom, as multiple companies are buying virtual real estate in the form of concert venues, shopping malls, and other properties. There are multiple digital domains in the meta-universe, and each entity acts as a virtual city, in which avatars live, work, and entertain, and interact in virtual reality, streaming video, mobile games, avatars, and artificial intelligence.
The currency used in the virtual metaverse world is a cryptocurrency supported by a blockchain, which is defined as a digital distributed public ledger without the need for a third party (such as a bank). Technical experts believe that Metaverse will develop into a fully functional economy in just a few years. People who enter Metaverse can buy art, music and even high-quality real estate as NFT as proof of ownership. Blockchain technology company Tokens.com recently acquired a 50% stake in Metaverse Group, one of the first virtual real estate companies, for approximately US$1.7 million. Tokens.com co-founder Andrew Kiguel said in explaining his investment decision: “Instead of trying to create a universe like Facebook, I said,’Why don’t we buy land in these meta-universes, and then we can become landlords? ?'”
Similarly, Michael Gold, one of the co-founders of Metaverse Group, stated that Metaverse’s real estate trends are also popular due to the pandemic:
“As more and more people participate, this is where you go with your friends and you can experience experiences such as conferences and concerts. It is inevitable that Metaverse will become the world’s number one social network.”
At the same time, Tokens.com completed a larger land transaction in the fashion district of Decentraland at a price of approximately US$2.5 million-Decentraland is equivalent to Silicon Valley. That transaction is known as the largest real estate transaction in the history of the virtual world.
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