From November 2021: A patch of virtual real estate sold for a record $2.4 million worth of cryptocurrency. The plot exists in the online environment 'Decentraland,' where users can buy land, visit buildings and meet people as avatars
Interest surged last month when Facebook changed its name to Meta to reflect its focus on developing virtual reality products for the metaverse.
Crypto enthusiasts buy land there as a speculative investment, using Decentraland's cryptocurrency, MANA. FILE PHOTO: Visitors are pictured in front of an immersive art installation titled "Machine Hallucinations — Space: Metaverse" by media artist Refik Anadol, which will be converted into NFT and auctioned online at Sotheby's, at the Digital Art Fair, in Hong Kong, China September 30, 2021. REUTERS/Tyrone SiuDecentraland said it was the most expensive purchase of a plot of virtual real estate on the platform.
Andrew Kiguel, CEO of Tokens.com, said the assets would complement the real estate already held by Metaverse Group.
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