In November 2021, a report in The New York Post stated that Metaverse Group , an NFT-based metaverse real estate organisation, and a subsidiary of Tokens.com, purchased a plot of land on Decentraland for $2.43 million (roughly ₹ 18.15 crores).
Read moreHow much is a land in Decentraland?
On popular metaverse platforms Sandbox and Decentraland, the smallest chunks of land are going for 3.7 ether and 3.46 eth, respectively, which translates to roughly $11,717 and $10,957 , according to a Fortune report, which cited data from Meta Metric Solutions.
Read moreWho owns metaverse lands?
“You can buy a house in the metaverse for $15,000”: This guy is the CEO of a company paying millions for virtual real estate. Lorne Sugarman is the CEO of the Metaverse Group, a Toronto-based virtual real estate company that buys, develops and leases parcels of land in the metaverse.
Read moreWhat is the purpose of Decentraland?
Decentraland is a software running on Ethereum that seeks to incentivize a global network of users to operate a shared virtual world . Decentraland users can buy and sell digital real estate, while exploring, interacting and playing games within this virtual world.
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