Nifty News: $2.5M virtual land sale, MetaSoccer raises $2.2M, CryptoDragons get Egg-cited

Nifty News: .5M virtual land sale, MetaSoccer raises .2M, CryptoDragons get Egg-cited

Metaverse Group has snapped up a lot of land and has said it has no plans to stop buying plots of metaverse land across various metaverse platforms.

Metaverse Group, which is headquartered in Decentraland, announced on Nov. 23 that it had completed what it calls “the largest Metaverse land acquisition in history.”

The subsidiary of Tokens.com snapped up 116 parcels of land “in the heart of the Fashion Street district” in Decentraland. The total size of the land purchased is equivalent to 6,090 square feet of land at the cost of 618,000 MANA tokens worth about $2.5 million.

Metaverse Group plans to develop the estate for fashion shows and commerce. It will also form partnerships with fashion brands looking to expand their presence in the Metaverse, especially in Decentraland. “Fashion is the next massive area for growth in the Metaverse,” said Sam Hamilton, Head of Content at the Decentraland Foundation.

The deal is the first of many by Metaverse Group since Tokens.com became its primary shareholder. The listed Canadian blockchain investment firm invested $2.75 million in Metaverse Group on Nov. 17 to increase its control of the shares from 50% to 70%. Metaverse Group plans on using the funds to buy more land in Metaverses such as Decentraland, Somnium Space, The Sandbox, Cryptovoxels, and Upland.

MetaSoccer raises funds

MetaSoccer has raised $2.2 million to launch soccer games and a soccer club management platform in the Metaverse.

The raise was led by Play Ventures, Defiance Capital, Parafi Capital, DAO Maker, Kyros Ventures, Metrix Capital, and Peech Capital.

MetaSoccer allows users to assemble virtual soccer teams and play matches or manage the team through a season. The Play to Earn (P2E) game allows users to earn MSU tokens by trading players, winning matches, and getting sponsorships on the platform.

Co-founder and MetaSoccer COO Patxi Barrios said that he wants “to create a new generation of digital native football players and clubs which will achieve similar ratings to those of professional football leagues.”

Time Studios to launch Robotos NFTs

Time Studios, the television and film production arm of Time Magazine, is developing a children’s series based on Pablo Stanley’s Robotos NFT collection.

The Robotos NFT collection features 10,000 randomly generated “droids” pieced together from over 170 traits.

This move into the NFT space is part of the studio’s strategy to develop and produce innovative storytelling techniques across different media channels. Time President Keith A. Grossman said:

“There is so much incredible IP being developed within the NFT space. We are proud of the role Time can play by providing these creators with our platform and access to alternative mediums.”

Time has been embracing NFTs, and launched its TIMEpieces NFT collection in September 23 which included still images and animations with a “Building a Better Future” theme.

CryptoDragons Eggs sell out for 559 ETH

CryptoDragons sold out its entire second round of 1,000 'Eggs' for a total of 559 ETH ($2.3 million) on Nov. 22 at 7:30PM UTC

CryptoDragons is an NFT collection of Eggs that eventually hatch into Dragons. The project launched in September 2021 and has so far sold 1,500 Eggs.

The second round of reservations for the Eggs included 998 Random Eggs, 1 Epic Egg, and 1 Legendary Egg. The Legendary Egg sold for 50 ETH ($212,000). CryptoDragon claims that the sale set a new world record for an NFT being sold in the first presale round.

CEO and co-founder of the project, Nari, said, “We are grateful to our community for another successful round.”

CryptoDragons sold out its first round of Eggs for 142 ETH ($603,000).

Other Nifty News

Royal has raised $55 million in its Series A round of funding. The on-chain music platform co-founded by JD Ross and DJ Justin Blau closed the round which was led by Andreesen Horowitz.

Twitter and Discord users will be able to embed NFTs through the music streaming platform Audius. The “embedded” functionality aims to improve fan engagement through the use of NFTs and Web 3.0 integration.

Tokens.com acquire 50% stake in virtual real-estate firm Metaverse Group

Andrew Kiguel

The Metaverse Group HQ is based in Crypto Valley, a virtual space in Decentraland.

Publicly-listed cryptocurrency and blockchain investment firm Tokens.com has announced a landmark agreement to acquire a 50% stake in metaverse real estate firm Metaverse Group in a deal worth in excess of $1.6 million.

Tokens.com is expected to capitalize on the purchase — reportedly the highest purchase of a virtual real estate firm — through the development of asset opportunities for public retail investors seeking to gain greater exposure to nonfungible token, or NFT, and decentralized finance, or DeFi, assets.

Metaverse Group operates a service akin to a traditional real estate firm in that it engages in property acquisition, development and management, in addition to marketing and promotional services. However, the group differs immensely due to its adoption of blockchain technology, gaming and NFTs as well as a multitude of other technologies that comprise the metaverse.

While the true definition of the metaverse is still evolving to a unified consensus, for now, at least, the technology is considered to be a three-dimensional virtual environment where users can interact, socialize and progress. Fortnite and Roblox have given us some insight into this world, as did the Ernest Cline novel, Ready Player One.

The Metaverse Group owns a collection of well-regarded plots of land and properties in some of the world’s most popular metaverse games: Decentraland, The Sandbox and Somnium Space, amongst others, with their global headquarters located in Crypto Valley of Decentraland.

Andrew Kiguel, CEO of Tokens.com, shared some insights into the potential impact of the space:

“The Metaverse is a game-changer for how advertisers and brands market their products. As more people congregate in these virtual cities, the land becomes more sought after for its ability to reach a new global demographic. Metaverse Group has the potential to be a major landlord and developer by using the same strategies used by physical real estate managers."

Last month, tech behemoth Facebook advanced upon their intentions to build a metaverse with the launch of a $50 million research and development fund. The company expressed ambitions to construct a fully-fledged virtual world including a panoply of products and services within a timespan of a decade.

To execute this virtual vision, the firm is seeking 10,000 new employees from the European Union for roles ranging from specialized engineers, to virtual architects.

Metaverse Group