Publicly-listed crypto and blockchain investment entity Tokens.com reportedly disclosed details of a landmark agreement to obtain a 50% stake in metaverse real estate firm Metaverse Group. 

Specifically, Tokens.com reportedly plans on taking profit from the acquisition – a deal surpassing $1.6 million in value and is believed to be the biggest buy of a virtual real estate entity – via the development of asset opportunities, catering to public retail investors looking for an enhanced level of exposure to NFTs and DeFi assets.

Metaverse Group reportedly functions as a service with similarities to a traditional real estate company, in a sense that it takes care of property acquisition, development, and management, apart from marketing and promotional services. 

Nonetheless, the group distinguishes significantly because of its adoption of blockchain technology, gaming, and NFTs, together with a wide array of different technologies that comprise the metaverse.

The Metaverse Group reportedly has in its possession a collection of well-regarded plots of land and properties, across the most well-known metaverse games throughout the globe – Decentraland, The Sandbox, and Somnium Space, amongst others, with their global headquarters located in Crypto Valley of Decentraland.

“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.” Andrew Kiguel – Head of Tokens.com – reportedly revealed some information into the possible effect of the sector.