Tokens.com acquire 50% stake in virtual real-estate firm Metaverse Group

Tokens.com has announced a groundbreaking agreement to take over 50 stake in virtual real estate firm Metaverse Group in a deal thats reportedly worth over 1.6 million
Tokens.com has announced a groundbreaking agreement to take over 50 stake in virtual real estate firm Metaverse Group in a deal thats reportedly worth over 1.6 million

Tokens.com has announced a groundbreaking agreement to take over 50% stake in the virtual real-estate firm, Metaverse Group, in a deal that’s reportedly worth over $1.6 million. The publicly-listed cryptocurrency and blockchain investment firm will be expected to build on the purchase by developing asset opportunities, especially for investors who are looking to have more exposure to nonfungible token (NFT), and decentralized finance (DeFi) assets. Meanwhile, according to the announcement, this deal involving Tokens.com, is the highest ever purchasing of a virtual real-estate firm.

Metaverse Group operates in a similar manner as a traditional real estate firm also would. The firm deals in property acquisition, its development and maintenance, just as well as it involves in marketing and then promotional services. But Metaverse differs clearly in its gaming, adoption of blockchain technology, NFTs, and a host of other technologies that make up the meta-universe.

Although at the moment, Metaverse still doesn’t have a clear-cut definition — seeing as it’s still a startup. But nonetheless, at the very least, the technology is considered to be a three-way virtual environment for now. Users are able to interact, socialize and even make some progress.

Metaverse Group owns a collection of properties and plots of land in some of the most popular metaverse games in the world including; The Sandbox, Somnium Space, and Decentraland, and some others. Their global headquarters is located in Crypto Valley of Decentraland.

Recall that in early October, we at TheCoinrise reported that tech giants like Facebook are also working on their contribution to the Metaverse technology, and Next Earth is doing the same, but using Blockchain behind to offer to buy and to sell the lands on the virtual Earth.

Facebook decided to set rolling its own plans to build a metaverse by launching a whopping $50 million research and development fund.