Top Ways to Trade a Potentially Massive Virtual Real Estate Market

(MENAFN- Baystreet.ca) Top Ways to Trade a Potentially Massive Virtual Real estate market

Investors are paying millions for metaverse real estate. As a result,“Prices have gone up 400% to 500% in the last few months,” says Andrew Kiguel, CEO of Tokens.com, as quoted by CNBC. In fact, someone just paid about $450,000 to be a neighbor to Snoop Dogg, who is reportedly building a virtual mansion. According to Rolling Stone,“Snoop is currently building a digital recreation of his real-life Diamond Bar, California mansion, wherein he'll throw exclusive, members-only parties, according to plans on The Sandbox website. There will also be a music venue for concerts. Residents — who can customize their avatars' looks and wardrobes, and buy souped-up NFT cars — are able to create their own games and experiences on their Snoopverse plots, which gives them the ability to make money off other residents who stop by.” With metaverse real estate only set to grow, it could be a strong catalyst for Tokens.com Corp. (NEO:COIN)(OTCQB:SMURF), which is the only public company that owns metaverse real estate, Coinbase Global Inc. (NASDAQ:COIN), Roblox Corporation (NASDAQ:RBLX), Matterport Inc. (NASDAQ:MTTR), and Unity Technologies Inc. (NYSE:U).

Tokens.com (NEO:COIN)(OTCQB:SMURF) Tower Launched in Decentraland's Crypto Valley

Tokens.com Corp. a publicly-traded company that invests in Web3 crypto assets and businesses linked to the Metaverse, NFTs and Crypto Gaming, announced the completion of the Tokens.com Tower, a virtual office and event space in Decentraland's Crypto Valley.

Tokens.com and its subsidiary companies, Metaverse Group and Hulk Labs will have their virtual headquarters located in the tower. The Tokens.com Tower is a multi-level virtual office space and conference center, located in Decentraland's Crypto Valley. The tower overall represents the physical equivalent of over 28,000 square feet of usable office and event space that can host hundreds of virtual guests. A video of the tower can be viewed on the Tokens.com Youtube page. Tokens.com Tower is located in one of the most prominent neighborhoods in Decentraland.

'The completion of Tokens.com Tower represents a step forward in being one of the only public companies with a permanent presence in the Metaverse. It is a prototype of what we can design and build, not just for ourselves, but for our clients,” commented Andrew Kiguel, CEO of Tokens.com.“We are also in the process of signing lease and rental agreements for digital advertising and event hosting in the tower. Our goal is to use the building to generate digital advertising, space rental, and event hosting revenue. Once the tower is leased, we will begin construction of Tokens.com Tower II.”

The tower will be used to generate recurring revenue from three sources. Advertising via digital billboards, office space rental, and event space rental.

In addition, the tower will have two available event spaces. The first venue is located on the ground floor featuring large windows overlooking water fountain features. The second is located on the rooftop overlooking Decentraland's Crypto Valley, featuring an infinity pool. Tokens.com has received expressions of interest from groups seeking to host events in both of the featured event spaces.

Inquiries for digital advertising or event space rentals should contact [email protected] .

To celebrate the structure launch Tokens.com will be hosting a grand opening in Q2 to showcase the unique design and capabilities the tower has to offer. Media interested in attending the event can contact [email protected] Subscribe to The Company newsletter for the latest from 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.

The National Football League and Roblox , announced the launch of NFL Tycoon to engage the next generation of NFL football fans in the Metaverse. The NFL will be the first official major sports league to offer a persistent experience on Roblox, a global platform bringing millions of people together through shared experiences.“We are beyond thrilled to partner with Roblox as we journey deeper into the Metaverse and continue to learn the value of interactive shared experiences for the NFL,” said Joe Ruggiero, SVP, Consumer Products at the NFL.“We see Roblox as an extension of NFL's real-life engagement platforms for emerging social connectivity where fans can learn the game and business side of NFL football. This is a new frontier of how fan engagement will evolve for the League, and we are excited to be a part of this dynamic space that will continuously evolve over time with new experiences.”

Matterport Inc., t he leading spatial data company driving the digital transformation of the built world, announced unaudited financial results for the quarter ended December 31, 2021.“2021 was a pivotal year for Matterport, delivering strong growth as we closed our merger with Gores Holdings VI, Inc. and became a public company on The Nasdaq, gaining industry visibility and balance sheet strength to execute our ambitious growth plans,” said RJ Pittman, Chairman and Chief Executive Officer of Matterport.“Our business model is well-proven and scaling as momentum increased across our key operating metrics. In 2021, we doubled our subscriber base, increased Spaces Under Management by 54%, and subscription revenue grew 47%, and total revenue was up 29% for the full year. Most importantly, we strengthened the management team with new world-class executives across the globe. Relentless innovation is the norm at Matterport, and with new products like Matterport Axis and Matterport for Android, we are racing to bring precision 3D capture and digital twins to everyone in the built world. Looking forward, the physical world is going digital. Every industry on every continent is embracing digitization, and I am more confident than ever about the company's outlook for 2022 and the decade ahead.”

Unity Technologies Inc., the world's leading platform for creating and operating interactive, real-time 3D (RT3D) content, announced fourth quarter 2021 revenue of $315.9 million, which is up 43% from the same period in 2020 and ahead of guidance. Additionally, the company announced full-year 2021 revenue of $1.1 billion, a growth of 44% year-over-year.“Unity's strong fourth-quarter and full-year results were driven by exceptional execution and innovation by the Unity teams,” said John Riccitiello, President and Chief Executive Officer, Unity.“We believe that the transition from linear 2D to interactive real-time 3D, presents a massive growth opportunity for the next decades. These are strong tailwinds that help us drive growth for years to come.”

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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