Investors are Pouring Millions of Dollars into Virtual Real Estate

(MENAFN- Baystreet.ca) Investors are Pouring Millions of Dollars into Virtual Real Estate

Demand for real estate in the metaverse is through the virtual roof. In fact, according to Bitcoinist.com,“Millions of dollars are invested in virtual territories by investors who believe the future is digital. These companies anticipate that millions of people will flock to virtual properties and invest in virtual land for sale with the expectation of a potential return on investment.” Even celebrities are jumping into metaverse real estate, including Paris Hilton and Snoop Dogg. In addition, Metaverse Group, an NFT-based real estate company spent more than $2.4 million to enter the digital fashion market. With the story just starting to heat up, investors may want to keep an eye on 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 NVIDIA Corporation (NASDAQ:NVDA).

Also, according to Fortune.com,“Andrew Kiguel, CEO of Tokens.com, has spent $2.4 million in land in Decentraland's fashion district. He has also said that he will be renting part of the acquired space to apparel brands for storefront experiences.”

Tokens.com Corp. (NEO:COIN)(OTCQB:SMURF) Just Announced Its First Metaverse Tenants

Tokens.com Corp. a publicly-traded company that invests in Web3 crypto assets and businesses linked to the Metaverse and NFTs, is pleased to announce that its subsidiary, Metaverse Group, has signed virtual land lease agreements with Groundbreak Ventures, Renno & Co. Inc., Sophia Technologies, and Thrivo Technologies Inc.

In addition to the lease agreements, tenants will be using Metaverse Group's development and architectural services to assist with the development of their Metaverse projects.

'These lease agreements mark a pivotal evolution in our Metaverse strategy. Not only do we own valuable virtual real estate but we also generate recurring revenue, similar to landlords in the physical world and to online advertising platforms such as large search engines and social media networks,” commented Tokens.com CEO and Metaverse Group Executive Chairman, Andrew Kiguel.“These partnerships establish Metaverse Group as one of the first virtual landlords in the world to successfully lease out its Metaverse real estate.”

The tenants are renting virtual real estate on various parcels across Metaverse Group's portfolio in Decentraland and waterfront parcels within Somnium Space.

“Signing these initial leases for virtual real estate solidifies our position as Metaverse landlords. We are in active discussion with numerous other parties and are looking forward to launching more brands into the Metaverse this year,” commented Lorne Sugarman, CEO of Metaverse Group.

This collection of tenants come from diverse backgrounds:

• Groundbreak Ventures is a venture capital firm specializing in real estate and property technology.
• Renno & Co. Inc. is a Canadian digital law firm specializing in crypto.
• Sophia Technologies (or Sophia App) is a leading UK Education Technology Disruptor with a focus on online education and private tuition sectors.
• Thrivo Technologies Inc. is a technology company that creates innovative technology-based systems to overcome challenges in the salon industry in order to restore and expand salon profit potential.

Inquiries for virtual real estate leases, digital advertising, or event space rentals should contact [email protected]

Other related developments from around the markets include:

Coinbase Global Inc. announced that Alesia Haas, Chief Financial Officer, will participate in a fireside chat at the Wolfe FinTech Forum on Tuesday, March 8, 2022 at 11:20 a.m. PT / 2:20 p.m. ET. A live webcast and replay of the virtual session will be available on Coinbase's Investor Relations website at .

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 its investor conference participation schedule for March. Galaxy executives will be speaking broadly to the latest trends emerging within, and shaping the maturation of, the digital assets sector during each of the following events found here .

NVIDIA reported record revenue for the fourth quarter ended January 30, 2022, of $7.64 billion, up 53 percent from a year ago and up 8 percent from the previous quarter. Gaming, Data Center and Professional Visualization market platforms each achieved record revenue for the quarter and year. GAAP earnings per diluted share for the quarter were a record $1.18, up 103 percent from a year ago and up 22 percent from the previous quarter. Non-GAAP earnings per diluted share were $1.32, up 69 percent from a year ago and up 13 percent from the previous quarter. For fiscal 2022, revenue was a record $26.91 billion, up 61 percent from $16.68 billion a year ago. GAAP earnings per diluted share were a record $3.85, up 123 percent from $1.73 a year ago. Non-GAAP earnings per diluted share were $4.44, up 78 percent from $2.50 a year ago.

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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