A metaverse mogul to complete his move after purchasing $2 million in virtual land
Key takeaways:
- The man behind a $2 million metaverse land buy declares his plans.
- A three-day fashion presentation with big-name fashion labels kicks off the following month.
- It's a fresh and significant push to get more individuals into the virtual economy.
Metaverse to buy $2 million of virtual land:
The metaverse mogul behind a record acquisition in virtual land is close to beginning development.
In November of the previous year, Tokens.com spent almost $2 million for space in Decentraland, one of several burgeoning platforms in the metaverse.
In an interview, Tokens.com co-founder and CEO Andrew Kiguel stated, "several big names are close to being part of an online fashion show" on the virtual field. Kiguel said that Tommy Hilfiger, Cavalli, Elie Saab, Dolce & Gabbana, Etro, and fragrance firm Paco Rabanne have all signed up to experience beginning March 24. The show will head over three days. There will also be several big-name DJs and an after-party funded by Mercedes-Benz.
Kiguel depicts Decentraland, one of the platforms his firm is focused on, as a distinct kind of NFT, or nonfungible token.
Anyone can purchase virtual land on the platform.
In Decentraland, you have to use a state of digital currency named MANNA, which can be bought only with Bitcoin or Ethereum.
Users can then proceed to the site to see what's for sale. The parcels have been bought already, but numerous are available secondhand. The cost fluctuates only like real estate in the physical world.
As for Kiguel's November land buy in Decentraland, his team follows transactions there. They knew who held what, and they knew where they liked to believe. The transaction was recorded on a blockchain, which is a digital act in the metaverse.