purchased the virtual lands in Decentraland. The transaction amounted to about $2,5 million. 

The Largest Metaverse Land Acquisition in History, a Canadian investment firm, purchased 116 parcels of land in Decentraland through the virtual real estate firm Metaverse Group. In terms of area, this plot is equivalent to approximately 565 square meters.

The land cost the investors 618,000 MANA, the native tokens of Decentraland. In the future, this space is planned to be used to develop the digital fashion industry. 

The Decentraland metaverse has been running since February 2020 and is a decentralized Ethereum-based blockchain platform in virtual reality. Users of the project are represented by digital avatars. They can hold conferences, play games, build real estate, create various artifacts and trade. 

A total of 90,601 land areas have been created in the world of Decentraland. All internal transactions are done with the MANA token, the price of which has risen nearly 650% in the past month, according to CoinMarketCap. 

Less than a week ago, a plot of land in Decentraland was purchased by the government of Barbados. As a result, a digital embassy was opened – the world’s first state embassy in the metaverse. 

Author: Mark Wallerstein
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