![]() ![]() Kiguel said the real opportunity in metaverse land is commercial - renting space and hosting events for companies looking to advertise to a younger digital audience. Kiguel said he is about to announce deals with two North American apparel brands where he is renting space on his property to develop storefronts or experiences. The company recently spent $2.4 million for land in Decentraland's fashion district, where the company plans to host fashion events and retail shops. Prices for parcels near Snoop Dogg's planned partnership and virtual world in Sandbox are fetching a premium, along with parcels near the Atari development.Īndrew Kiguel, CEO of Toronto-based, recently raised a $16 million fund to invest in metaverse real estate, almost all of which has been allocated to buying land and hiring staff. Yet other investors say that just like in the real world, location in the metaverse is everything when it comes to real estate. "You can teleport anywhere so location isn't as important," she said. Yorio said land value in the metaverse will be determined by what owners do with a property - like designing a popular attraction, museum or feature -rather than location. Personal Loans for 670 Credit Score or LowerĪ rush of companies, major brands and investors are pouring into the new land craze, hoping to get in on the ground floor of the next digital Manhattan or Monaco. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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