The most expensive virtual land sold for almost $1million

The most expensive virtual land was sold on decentraland, a gaming nft based platform for virtual land. 

The virtual plot of land was sold for a record breaking value of $913,228

In terms of being expensive, the virtual plot of land is the most expensive. 

Also, the virtual land contains 259 parcels which is about 16 acres of digital land. 

This also makes the land the largest in terms of sheer size. 

The amount expended on the virtual land is more than enough to get a suitable land in real life. 

In fact, it is more than enough to buy a real house and not just land. 

According to the digital real estate investment firm, Republic Realm, who is the buyer of the virtual land, “we have big plans for the future of our new investment and we are committed to building and developing the metaverse”

This still looks like magic but this is not the first virtual land worth thousands of dollars. 

History in action

Boson protocol was the buyer of the previous most expensive virtual plot of land. 

They purchased a plot of land for $704,000 earlier this month. 

In their own plan, the virtual land will be used to build a mall where users can buy digital assets and exchange them for real world goods. 

According to Boson Protocol’s Co-Founder Justin Banon said, “We have incredibly ambitious plans for the land. By providing the ability to buy something in the metaverse, and then take ownership of it in the real world, we are enabling new and exciting experiences that encapsulate the possibilities of eCommerce, allowing brands to have direct contact with their customers without requiring intermediaries.”

Understanding NFT

Non fungible token otherwise known as NFT is a digital asset that has captured the interest of both old and newbie in the cryptocurrency space. 

NFT is a digital asset that represents real world objects like arts, music, gaming among others. 

NFT is a unit of data stored on a digital ledger that certifies a digital asset to be unique and therefore not interchangeable. 

Non-fungible are unique properties which cannot be easily interchanged due to their uniqueness. 

For instance, you as an individual cannot be readily exchanged and you cannot be replicated. 

The basic feature of NFT is uniqueness. 

NB: The cryptocurrency market is a very volatile market so read this. 

The NFT market place is still evolving but for easy buying, selling and swapping of currency, kurepay is the best. 

Don’t wait till you have millions, buy a cryptocurrency now on kurepay wallet. 

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