This Company Spent $2.four Million On Virtual Land That Doesn’t Physically Exist


You’ve heard approximately actual property companies, however have you ever heard of digital actual property companies? Metaverse Group is a metaverse actual property organisation, this means that that it focuses on actual property offers that take place, despite the fact that the places being bought aren’t withinside the bodily realm. Yes, they cope with digital land.

Metaverse Group calls itself “the world’s first digital actual property organisation,” and has currently bought a 5382 rectangular foot plot of land this is placed in Decentraland, a #d digital truth platform. This has now set the report for income of a assets this is digital and has no actual bodily location.

Decentraland is a realm withinside the metaverse in which human beings can buy land, create and go to parks, buildings, and additionally join up with different human beings — in avatar shape of course. Of course, none of that is a ultra-modern concept. Many avid game enthusiasts may be the primary to inform you that they’ve been paying actual cash for digital items.

However, that is the primary deal of its type that entails any such big funding with the aid of using a organisation. Metaverse Group is assured that they may be capable of make returns on their massive buy.

Metaverse Group stocks on its website: “We trust Ready Player One may be consultant of the destiny of each enterprise and actual property. And therefore the introduction of Metaverse Property to aid the brand new frontier of digital truth.”

CEO of, a subsidiary of Metaverse Group, Andrew Kiguel shared in a statement: “We are satisfied to make records with the aid of using remaining the biggest public metaverse land acquisition to date. These belongings will supplement the prevailing portfolio of metaverse actual property already held at Metaverse Group.”

Metaverse Group’s worldwide HQ is placed in Crypto Valley, in Decentraland itself, of course. However, the organisation’s telecellsmartphone number’s vicinity code is that of Ontario, Canada. The organisation describes itself as “first digital actual property organisation withinside the world, imparting publicity to the burgeoning enterprise of digital land thru the metaverses” that focuses on “digital actual property.”

The land that became offered for $2.four million may be used for web website hosting style suggests and different e-trade projects.

Head of content material at Decentraland Foundation Sam Hamilton shared: “Fashion is the following big vicinity for increase withinside the metaverse. So it’s timely, and really exciting, that Metaverse Group has made any such decisive dedication with this land buy withinside the coronary heart of Decentraland’s style precinct.”