Tokens.com acquires new real estate in Decentraland

Tokens.com acquires new real estate in Decentraland
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TORONTO – Tokens.com Corp. (NEO Exchange Canada: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF), a publicly-traded company that invests in Web3 crypto assets linked to the Metaverse, Decentralized Finance, Non-Fungible Tokens and Play-to-Earn Gaming, shared 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 portfolio’s of real estate in the Metaverse” commented Andrew Kiguel, CEO of Tokens.com.

The Metaverse Group is a vertically integrated NFT based Metaverse real estate company. The group, with its global headquarters in Decentraland’s Crypto Valley, also owns an eight figure real estate portfolio across many leading virtual worlds. The company intends to continue to purchase, develop and rent out its portfolio of real estate assets. Tokens.com, a publicly- traded company, is the majority owner of Metaverse Group.

 

 

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