A plot of digital land just went for a whopping $2.43 million in the metaverse!

A plot of digital land in Decentraland just sold for a record $2.43 million worth of cryptocurrency on Tuesday. This is more than double the prior record high for virtual real estate, which was more than $913,000.

Decentraland is a popular online environment where users can exchange cryptocurrencies for land and buildings. Users can also walk around the digital world and meet other users through customizable avatars.

Metaverse Group, a subsidiary of Tokens.com, completed the purchase of a patch of digital land for 618,000 mana, or about $2.43 million at the time, according to a Decentraland spokesperson and a statement by Tokens.com.

Tokens.com said it would use the “116 parcel estate in the heart of the Fashion Street district” of Decentraland for expansion into the digital-fashion industry.

Mana is Decentraland’s cryptocurrency, which users employ to buy and sell assets in the virtual space.

Metaverse Group said in a press release it will use its new virtual real estate to support its expansion into the digital fashion industry.

Sissi

Sissi

Finder and reporter of all things metaverse in the news.

Leave a Reply

Your email address will not be published. Required fields are marked *

Read Next

Joe Rogan Metaverse

Joe Rogan Experiences the Metaverse

Joe Rogan, the host of the popular podcast show The Joe Rogan Experience sat down with comedian Brian Redban recently to discuss a myriad of topics. One of the topics up for discussion was the metaverse. As it turns out, Brian Redban is heavily involved in this virtual world even going as far as hosting […]

Read More
Adidas jumps into the Metaverse

Adidas Jumps into the Metaverse, buying land in The Sandbox and Partnership with Cryptocurrency Exchange Coinbase

The German sportswear manufacturer Adidas (ADS) has entered the metaverse by purchasing a portion of land on The Sandbox map. This marks their first step into virtual reality and cryptocurrency for the brand. Adidas was the first fashion brand to enter The Sandbox, a virtual reality that is part real estate and amusement park. The […]

Read More
Metaverse Mega Yacht Sells For $650,000

Metaverse Mega Yacht Sells For $650,000.

The most expensive non-fungible token in The Sandbox virtual gaming world just sold for around $650,000 (149 ether). The Metaflower Super Mega Yacht was purchased for 149 ether, according to Etherscan. It is described as a luxurious mega yacht with two helipads and DJ Booth among other amenities. The digital asset was released by Republic […]

Read More