According to a press release from the buying company Curzio Research, the deal will be the largest of its kind in history

Virtual land in the TCG World metaverse to be sold for $5 million

25.05.2022 - 10:40

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2 min

What’s new? The largest deal in history is planned in the metaverse market. Curzio Research, a financial publishing company, announced that it has entered into an agreement to purchase virtual real estate in the TCG World metaverse for $5 million.

The full version of the press release

What else is known about the deal? Curzio Research will acquire 19 commercial real estate properties, including 12 128*128 meter cities and seven 256*256 meter cities. In exchange, the developer of the meta-universe, TCG Coin 2.0, will receive cash and securitized tokens with a stake in Curzio Research. Curzio Research will initiate a capital raise of up to $4 million to fund part of the deal.

According to Frank Curzio, founder of the publishing company, the metaverse is what the internet was supposed to be. A decentralized, permissionless place where individuals have the freedom to create and own their digital content.

Curzio Research is an independent publisher of financial newsletters aimed at in-depth market analysis, providing ideas and tools on the stock markets, as well as advice for investors.

TCG World is a beta metaverse project from TCG Coin 2.0, based on blockchain. In the metaverse, players can own virtual real estate, collect NFTs, explore the game world, manage businesses and earn assets.

What happened before? Dubai’s Virtual Assets Regulatory Authority (VARA) announced its entry into The Sandbox metaverse with the establishment of its headquarters in the virtual world.

In March, one of the world’s largest international banking and financial services providers, HSBC, bought a plot of land in The Sandbox metaverse.

In February, Gucci bought a piece of land in The Sandbox metaverse to create a virtual clothing and accessories store. The virtual store will allow players to purchase in-game items created by Gucci designers. The fashion house collaborated with The Sandbox to develop the Gucci Vault project.

Author:

Vasiliy Smirnov Vasiliy Smirnov

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