![]() According to, it intends to host digital fashion events as well as sell designer clothing for digital avatars. Just like real life, the locale purchased has some significance - it is in the ‘Fashion Street’ area in Decentraland. According to Decentraland, it was the most expensive purchase of a plot of virtual real-estate on the platform. ![]() The massive purchase was made by the Metaverse Group - a subsidiary of for around 618,000 MANA on Monday, which at the time was worth $2,428,740. The land, buildings and other digital real-estate in the metaverse are present in the form of NFTs or non-fungible tokens.Ĭryptocurrency investors have purchased land in the metaverse as a speculative investment, using Decentraland’s own cryptocurrency, dubbed MANA. Metaverse has recently become the talk of the town, especially since Facebook renamed itself Meta, to look forward to introducing VR products for the metaverse.Īlso Read: Hold Up, Zuckerberg: This Startup Applied For 'Meta' Trademark Before Facebookĭecentraland is a metaverse that makes use of blockchain technology. To the unaware, Decentraland is the online environment that’s also referred to as a ‘metaverse’ - an online space where users can exist, purchase, meet new individuals, all in a digital world while staying in the confines of their homes. The $2.4 million worth purchase was revealed by buyer cryptocurrency investor and Decentraland revealed this on Tuesday. DFW Air Freight (1200, 1220, 1240 Texan Trail), a three-building air freight center in Grapevine with a total of 113,665 square feet.A section of virtual real estate in the online world named Decentraland has been sold for a whopping $2.4 million worth of cryptocurrency, according to a report by Reuters.Īlso Read: Not Metaverse, Sundar Pichai Feels Google’s Future Is Internet Search And AI.Regal Industrial Center (4560, 4647, 4653, 4656 Leston Avenue), a four-building, 380,084-square-foot warehouse project in Dallas.Regal Business Center (4639, 47 Irving Boulevard), a three-building flex project in Dallas with a total of 150,566 square feet.Here’s more information on the portfolio from a Colliers press release: Monit, which is based in Montreal, Quebec, has owned the properties since 1991. “More often than not, when they see a space they like, they want to move in right away.” ![]() “Smaller users traditionally have a shorter timeframe between the time they start looking and when they move in,” he said in a statement. Rosenfeld, vice president and member of the firm’s ownership advisory group, said the team will focus on getting spaces prepped for faster move-ins. The 18-building portfolio includes buildings in the Great Southwest, Brookhollow, East Fort Worth and D/FW Airport industrial submarkets.Ĭolliers’ Phil Rosenfeld and Greg Grainger will oversee the assignment, assisted by Matt Thompson, Sparkle Turner, and Mike Crain. The Monit organization, a Canadian real estate investment firm, has tapped Colliers International to manage and lease more than 1.1 million square feet of North Texas industrial, showroom, and flex space.
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