Metaverse Real Estate Sales Could Hit $1 Billion in 2022

(MENAFN- Baystreet.ca) Metaverse Real Estate Sales Could Hit $1 Billion in 2022

Metaverse real estate sales could rocket to $1 billion in 2022. In fact, according to Metametric Solutions, as noted by Bitcoin.com,“Real estate sales on metaverse platforms surpassed half a million dollars last year, according to metaverse analytics firm Metametric Solutions. The analytics company has projected that real estate sales in the metaverse could double this year, reaching nearly $1 billion in 2022.” Even better, according to Goldman Sachs and Morgan Stanley, the metaverse could be a potential $8 trillion opportunity. All of which could be beneficial for Tokens.com Corp. (NEO:COIN)(OTCQB:SMURF), which is the only public company that owns metaverse real estate, Coinbase Global Inc. (NASDAQ:COIN), Meta Platforms Inc. (NASDAQ:FB), Galaxy Digital Holdings Ltd. (TSX:GLXY)(OTC:BRPHF), and Microsoft Corp. (NASDAQ:MSFT).

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Tokens.com Corp. a publicly-traded company that invests in Web3 crypto assets linked to the Metaverse, Decentralized Finance), Non-Fungible Tokens and Play-to-Earn Gaming, is pleased to share that its subsidiary, Metaverse Group, has successfully acquired three new strategic parcels in Decentraland. Consideration for the acquisition was equity in Metaverse Group. The vendor of the virtual land is JMD Capital.

The acquired virtual land is named The Gen Estate, a highly strategic plot that is located across from one of Decentraland's transit centres, a hub that players use to navigate through the virtual world faster and is next to Dragon City, a virtual Chinese culture city built on the largest parcel in Decentraland. The real estate in this transaction is equivalent to nearly 25,000 square feet in physical terms.

Metaverse Group plans to develop the land and rent it out to tenants.“This transaction represents a valuable part of our strategy to not only purchase real estate but to use our equity to vend-in strategic partners. We believe we are amassing one of the most valuable portfolios of real estate in the Metaverse” commented Andrew Kiguel, CEO of Tokens.com.

Other related developments from around the markets include:

Coinbase Global Inc. announced that it will publish its fourth quarter and full year 2021 shareholder letter, including financial results, on its Investor Relations website at investor.coinbase.com on Thursday, February 24, 2022 at approximately 1:00 p.m. PT. The Company will hold a question and answer session to discuss its financial results at 2:30 p.m. PT that same day. Starting on February 17 at 9:00 a.m. PT, all shareholders will be able to submit and upvote questions for Coinbase management.

Meta Platforms reported financial results for the quarter and full year ended December 31, 2021. 'We had a solid quarter as people turned to our products to stay connected and businesses continued to use our services to grow,' said Mark Zuckerberg, Meta founder and CEO. 'I'm encouraged by the progress we made this past year in a number of important growth areas like Reels, commerce, and virtual reality, and we'll continue investing in these and other key priorities in 2022 as we work towards building the metaverse.'

Galaxy Digital Holdings Ltd., a financial services and investment management innovator in the digital asset, cryptocurrency, and blockchain technology sectors, announced that Damien Vanderwilt, Co-President and Head of Global Markets, will participate in a fireside chat at the Canaccord Genuity Digital Assets Virtual Symposium on Tuesday, February 15, 2022 at 1:30 p.m. ET. Damien is expected to provide his thoughts on the latest trends emerging within, and shaping the maturation of, the digital assets sector.

Microsoft Corp. announced the following results for the quarter ended December 31, 2021 , as compared to the corresponding period of last fiscal year: Revenue was $51.7 billion and increased 20%, Operating income was $22.2 billion and increased 24%, Net income was $18.8 billion and increased 21%, Diluted earnings per share was $2.48 and increased 22%.“Digital technology is the most malleable resource at the world's disposal to overcome constraints and reimagine everyday work and life,” said Satya Nadella, chairman and chief executive officer of Microsoft.“As tech as a percentage of global GDP continues to increase, we are innovating and investing across diverse and growing markets, with a common underlying technology stack and an operating model that reinforces a common strategy, culture, and sense of purpose.”

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Tokens.com Corp. by Tokens.com Corp. We own ZERO shares of Tokens.com Corp. Please click here for full disclaimer.

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