A patch of virtual real estate in the online world Decentraland sold for a record $2.4 million worth of cryptocurrency.
Decentraland is a specific type of metaverse that uses blockchain. Land and other items in Decentraland are sold in the form of non-fungible tokens (NFTs), a kind of crypto asset. Crypto enthusiasts buy land there as a speculative investment, using Decentraland’s cryptocurrency, MANA.
A subsidiary of Tokens.com, called the Metaverse Group, bought a patch of real estate for 618,000 MANA on Monday, which was around $2,428,740 at the time, a Decentraland spokesman and a statement by Tokens.com said.
Read More at Reuters
Read the rest at Reuters