With an announcement made recently, it was announced that a Canadian investment firm has recently purchased a digital “land” of approximately 2.5 million dollars with cryptocurrency. The $2.43 million purchase is the largest record-breaking example of its kind.
Tokens focused on decentralized finance (De-Fi). com made the purchase on Decentraland, a blockchain-based metadatabase where cryptocurrency is spent to customize avatars, acquire real estate, and interact with other members.
Tokens. The land corresponds to “116 parcels of property located in the heart of the Fashion Street district in Decentraland,” and 565 square meters of land, com said. This space will be used to organize digital fashion shows and expand e-commerce services with fashion brands.
Recently rebranded as Meta, Facebook also plans to invest $50 million to create its own metaverse, which it says will be “a series of sandboxes you can create and explore with other people who aren’t in the same physical space as you.”
- What is Metaverse?
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