$5MILLION has been spent in the largest metaverse real estate sale ever made.
Financial publishing firm Curzio Research committed the eye-watering amount of money to buy a series of commercial real estate properties in the metaverse platform TCG World.
The 19 parcels of land will partially be used to build a virtual HQ for the company.
It will be based in the Asia region of TCG World, near WallStreetBets.
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Curzio Research hopes to build a virtual investment community with members able to meet with other financiers, attend live events, educational seminars and conferences in the HQ.
“The metaverse is what the internet was supposed to be,” said Curzio Research founder, Frank Curzio.
“A decentralised, permissionless place where individuals have the freedom to create and own their digital content.
“When researching the options, TCG World had all the elements – gamification, entertainment, social, and commerce – to create a true open metaverse.
“And its low fee structure incentivises innovation for users and developers.
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“We’re happy to be part of this pro-growth model in an industry that has incredible upside potential.”
The headquarters are expected to open in time for the TCG World official launch in September.
TCG World came into existence last year has been pre-selling land since in anticipation of its planned unveiling later in 2022.
It is the largest open-world metaverse on the Binance Smart Chain taking place over 800km2.
Curzio Research’s purchase replaced a deal brokered by Republic Realms as the most expensive in the metaverse to date.
Republic Realms spent $4.2million buying a collection of 100 private islands in The Sandbox in November 2021.
The company has since sold off many of the parcels of land for profit.
