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Home Economy

Hello future! The virtual land was sold for 2.1 million euros

Ursula Curtis by Ursula Curtis
November 26, 2021
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Hello future!  The virtual land was sold for 2.1 million euros
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We are getting closer every day to what we had as ideas and future events. Proof of this is, for example, a hypothetical property that was sold for 2.1 million euros. You read it, this is a hypothetical plot of land.

The metaverse seems to be getting more and more real…

Hello future!  The virtual land was sold for 2.1 million euros

According to Tokens.com, it is part of a virtual terrain in the online world decentralization It sold for a record 2.15 million euros. In this online environment, also known as the metaverse, users can buy land, visit buildings, walk around and meet people. In this case, these are in the form of avatars.

This type of virtual environment has gained popularity this year, with people spurred on by the pandemic and consequent spending time online.

Decentraland is a specific type of metaverse that uses the blockchain. In it, the land and other items are sold in the form of NFTs, which act as crypto assets. So crypto enthusiasts buy real estate as a speculative investment, using Decentraland's cryptocurrency, mana.

Virtual world of Decentraland

A few days ago, it was a subsidiary of Tokens.com, called the Metaverse Group, purchased a plot of land for 618,000 mana, in the most expensive purchase of land on the platform. According to a spokesperson for Decentraland, at that time, this figure was equivalent to 2.15 million euros. This land is on "Fashion Street" and Tokens.com said it will be used to host digital fashion events and sell virtual clothes for avatars.

In total, the land area on the Internet is the equivalent of 566 square meters.

In June, the virtual land in Decentraland was sold for 1,295,000 mana, at the time around 815,000 euros. Buyers have built a virtual shopping mall to sell digital clothes. But Reuters says it has visited the place several times and has not seen any buyers.

Read also:

Ursula Curtis

“Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast.”

Ursula Curtis

Ursula Curtis

"Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast."

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