Virtual Land in Metaverse Sells For $2.43 Million
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A 500-square-meter plot of virtual land in the metaverse has been sold for $2.43 million
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The purchase made by the firm Metaverse group sets a new record for the price of a property in the virtual world
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Interest in the metaverse has skyrocketed since top companies like Meta and Microsoft signaled their interest in creating a virtual world for work and play
The record for the largest metaverse land acquisition has been broken after a virtual land was purchased for $2.43 million.
The land acquired by Metaverse Group is more than double the price of the previous purchase in the VR world.
This follows announcements by powerhouses such as Meta (Facebook), Microsoft, and Nike to divert attention into building the metaverse.
The metaverse is a virtual space where people can work, play and interact using avatars.
The Metaverse Group which acquired the land has described itself as the world’s first virtual real estate company.
The firm focuses on buying, developing, and selling real estate property in the metaverse.
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Speaking about the acquisition, CEO Andrew Kiguel said:
“We are happy to make history by closing the largest public metaverse land acquisition to date,”
So far, many other companies have moved to acquire virtual land for purposes such as commercial spaces, homes, hangout spots, and art galleries.
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