Metaverse Group Welcomes Tokens.com As A Stakeholder
The concept of a Metaverse has become popular in blockchain circles due to the fact that the new technology is an important enabler of it.
The idea is that it can be used to build an online world that doubles the real world in a virtual environment. This, of course, includes the creation of virtual private property.
Blockchain investment firm Tokens.com Corp. specializes in allocating capital to digital assets used for crypto staking and DeFi applications.
The firm has decided to extend these investments into the burgeoning market of virtual real estate.
It recently shared its plans to purchase a 50 percent stake in Metaverse Group, the first real estate company of its kind. This transaction is expected to be completed by Q4 2021.
Metaverse Group’s portfolio consists of premium properties in major platforms such as Cryptovoxels, Decentraland, Somnium Space, and others.
It is the first to collect NFT real estate that is used to build a virtual world known as the Metaverse.
This makes the deal with Tokens.com one of the largest land acquisitions in the Metaverse to date.
Tokens.com will benefit from its stake in the company after the completion of the Metaverse Real Estate Investment Trust .
This will create an opportunity for other enterprises to gain exposure to virtual worlds through a rental model. These rentals will then become a source of revenue for Tokens.com.
Andrew Kiguel, CEO of Tokens.com, reflected on the deal: “We look forward to monetizing these digital land assets to generate recurring income in line with Tokens.com’s vision of providing public market investors exposure to yield-generating digital assets. Ultimately, we see Metaverse Group as being a significant land owner and developer in the digital world with the ability to pay out distributions in a REIT structure.”
Source: Read Full Article