In June, a plot of virtual land in Decentraland sold for 1,295,000 MANA, worth $913,228 at the time. It is made of 116 smaller parcels, measuring 52.5 square feet each, making the land 6,090 virtual square feet in size.Īndrew Kiguel, CEO of, said the assets would complement the real estate already held by Metaverse Group. The land is in the "Fashion Street" area of Decentraland's map and said it would be used to host digital fashion events and sell virtual clothing for avatars. Reuters also saw the land's purchase recorded on the NFT marketplace OpenSea.ĭecentraland said it was the most expensive purchase of a plot of virtual real estate on the platform.
FILE PHOTO: Visitors are pictured in front of an immersive art installation titled "Machine Hallucinations - Space: Metaverse" by media artist Refik Anadol, which will be converted into NFT and auctioned online at Sotheby's, at the Digital Art Fair, in Hong Kong, China September 30, 2021.
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