on Tuesday Canadian investment company focused on In decentralized finance (DeFi), Tokens.com has bought nearly $2.5 million worth of virtual land on the Decentraland platform.
Tokens.com has bought 116 virtual lands for a total of 618,000 Mana, in Decentraland currency.companyClaims that this is the largest transaction to date.
Tokens.com purchases land through virtual real estate company Metaverse Group, which provides virtual land development services for clients. The purchase is equivalent to 6,090 square feet of real estate, which is approximately 1.3 basketball courts.
In mid-October, Tokens.com bought a 50% stake in Metaverse Group for $1.68 million. The Metaverse Group also sells and leases virtual land on its platform. Cryptovoxels, The Sandbox, Upland and Somnium.
The purchased lot of Tokens.com is located in the Fashion Street district of Decentraland and will be developed to support the growing demand for fashion brands to showcase their digital products in the metaverse.
“Fashion is the next big space for growth in the metaverse,” Sam Hamilton, head of content at the Decentraland Foundation, said in a statement. “So it’s the perfect time and it’s very exciting that the Metaverse Group has made a decisive commitment to purchase this land in the heart of the fashion district of Decentraland”
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