Real estate investor bought land in the virtual world for almost $ 1 million



Republic Realm bought 259 land units in Decentraland, a virtual world powered by cryptocurrencies. At the time of purchase, it cost $ 913,228.

Land for sale in the virtual world Decentraland just under $ 1 million, Reuters reports

Decentraland, founded in 2017, is a crypto-based multiplayer virtual world. Most things in the virtual world, such as land and art, non-fungible tokens (NFT)

According to the report, 259 units of land on the platform were purchased for 1,295,000 MANA, Decentraland’s cryptocurrency… At the time, the price was $ 913,228.2.

The land was bought by a digital real estate fund, Kingdom Republic, and set the record for the most expensive land purchase by the NFT, according to Reuters.

But Republic Realm isn’t the only game to make a splash in the virtual gaming world.

Earlier this month, Sotheby’s launched a virtual gallery at Decentraland. According to release from DecentralandThe gallery is a replica of London’s Sotheby’s galleries on New Bond Street and showcases things like the intelligent NFT that learns as you talk to it.

“We see spaces like Decentraland as the next frontier for digital art, where artists, collectors and viewers can interact with each other from anywhere in the world and showcase art that is mostly rare and unique, but accessible to everyone. We are delighted to explore new facets of the digital art world through our collaboration with the Decentraland community, ”Michael Buhanna, Sotheby’s Sales Specialist and Head of Sales, quoted in a press release.

The virtual gallery has already attracted over 3,000 visitors, according to Reuters.

Email to Libertine Brandt


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