Categories: Blockchain

Tokens.com acquires 50% of the shares in the virtual real estate company Metaverse Group

Listed blockchain and cryptocurrency investment firm Tokens.com has announced a groundbreaking agreement to acquire a 50% stake in supermarket real estate firm Metaverse Group valued at more than $ 1.6 million.

Tokens.com is expected to benefit from this purchase – arguably the highest purchase by a virtual real estate company – by developing real estate opportunities for retail public investors who are finding a more accessible approach to unusable tokens or NFTs and decentralized funding. or DeFi, assets.

Metaverse Corporation operates a service that is similar to a traditional real estate company in many ways Acquisition, development and asset management as well as marketing and advertising services. However, the team is very different due to the introduction of blockchain technology, games, NFT, as well as myriad other technologies that comprise the meta-universe.

Although the very definition of the metaverse is still evolving to achieve a unified consensus, the technology is viewed, at least for now, as a three-dimensional virtual environment in which users can interact and communicate and make progress. Fortnite and Roblox gave us a glimpse into this world, as did Ernest Cline’s novel Ready Player One.

Metaverse Corporation owns a collection of land and lots valued in some of the most popular Metaverse games in the world: Decentraland, The Sandbox, and Somnium Space, with global headquarters among others, their demand is in Decentraland’s Crypto Valley.

Andrew Kiguel, CEO of Tokens.com, provided some insight into the potential impact of the space:

“Metaverse is a game changer for the way advertisers and brands market their products. The more people gather in these virtual cities, the more coveted the country becomes for its ability to reach a new global population. The Metaverse Group has the potential to make a great landlord and developer using the same strategies real estate managers use. “

Related: Metaverse, Play for Money, and the game’s new economic model

Last month, tech giant Facebook developed its intent to build a supermarket by launching a $ 50 million research and development fund. The company expressed its ambition to build a complete virtual world within a decade that encompasses a full spectrum of products and services.

In order to realize this virtual vision, the company is looking for 10,000 new employees from the European Union, from specialist engineers to virtual architects.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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