Companies are investing millions in Metaverse real estate

One company has dropped $4.3 million USD on virtual land.


A number of companies are reportedly investing millions of dollars in virtual land in the metaverse.

You Will Never Fake the Feeling of Being in Such a Place

A new CNBC report details that since Facebook announced that it would be making the move towards the metaverse, prices of virtual reality plots have shot up by 500 per cent in the last few months.

According to the report, the Toronto-based company, has dropped $2.5million USD (£1.84million GBP) on a patch of virtual land in Decentraland – a metaverse based around crypto with its own currency.

“The metaverse is the next iteration of social media.”
Andrew Kiguel, CEO of

Caule for Flos is an outdoor lighting collection with simple understated lines yet strong style identity. Copying the botanical structure.

Which invests in NFTs and metaverse real estate. “You can go to a carnival, you can go to a music concert, you can go to a museum.”

Meanwhile, another virtual real estate development company, Republic Realm, also spent $4.3million USD (£3.1million GBP) buying a plot of land in Atari’s The Sandbox metaverse.

The metaverse refers to 3D virtual worlds based on the idea of a new way of social interaction. In December, Xbox chief Phil Spencer spoke on the future of the metaverse, saying that it needs to be player-focused rather than company-focused. “Like, why is this metaverse that a lot of people are focusing on, why is it better for players? Why is it better for creators?” Spencer said.

of a flower, the collection features a real flexible slender stem, almost a natural element, a subtle addition to any outdoor setting. Available in different heights and configurations, the Caule series comes in a variety of materials and surface finishes.


Elsewhere, Voiceverse NFT, the firm voice actor Troy Baker recently announced he would be partnering with, has admitted to taking work from another service.

Voiceverse was found to have been using its tech for the voice of a cartoon character, but it was actually taken from – a non-commercial text-to-speech service. The NFT firm later apologised for taking the voice work saying, “We are extremely sorry about this… We will make sure this never happens again.”

The bulky look created by the solid sculptural masses of the semi-circular legs of Wedge contrasts with the lightweight feet, which culminate in an oblique chisel tip shape.


Leave a Comment

Tu dirección de correo electrónico no será publicada.