These NFTs can be used to build stores, experience centers, arenas, etc. for VR experiences which can further be rented or staked to earn Revenue.
MetaMall has recently sold more than $1 Mn of land as NFTs in its virtual skyscraper shopping mall, within 7 days of its release. These NFTs can be used to build stores, experience centers, arenas, etc. for VR experiences which can further be rented or staked to earn Revenue.
Apart from the land sale in its exclusive metaverse mall, MetaMall has onboarded globally renowned crypto influencers, investors and entrepreneurs in the world of blockchain and NFT as advisors.
The world is witnessing a tremendous rise in the adoption of blockchain technology with over 300 Bn blockchain users reaching an exponential growth stage. However, the landscape is now evolving beyond and MetaMall leverages the opportunity of blockchain bringing together advanced use cases of virtual reality with NFTs. Furthermore, it capitalizes on the potential of a metaverse in the ever-growing real estate market.
Commenting on the sale of land, Serge Gianchandani, Co-Founder of Metamall said, “We are excited to see overwhelming response from investors to buy land on Metamall. We are also seeing interest from brands to buy land and they are planning with us to create their store and experience zones. We will soon be launching on INO platforms to give public wider access. Metaverse is the latest goldmine for crypto investors, enthusiasts and retail buyers. We are delighted with the response we have received from globally renowned crypto influencers, investors and Technopreneurs.”
“Though NFT is at a nascent stage in India, we look forward to disrupting the metaverse market with our innovative business model,” he added.
Being a futuristic metaverse mall, MetaMall realizes the convergence created by VR, NFT and DeFi. The project is built on the Solana Blockchain network, featuring a native token mall to allow users to buy virtual real estate. Presently, MetaMall is offering different verticals for buyers interested in virtual commercial and retail space.
The most sought-after categories of space available at MetaMall are Cube to build standard fashion, retail stores, offices or gaming zones; and Cabin for large single-brand retail stores or experience centers. The metaverse mall also features Club for large gaming zones, multi-brand retail stores and social networking zones; Chalet for exhibition centers, movie theatre, event and competition zones, large multi-brand retail zones, Chateau for a multi-category office complex, centers for large events, experience centers for countries or cities and embassy complexes.
MetaMall enables the buyers to earn money by leasing, staking, advertising and developing the real estate for customized VR experiences based on choice.
The Metaverse was conceptualized in 2021 and MetaMall, in a short span, successfully completed its seed funding round and developed MALL tokens. It also underwent strategic sale rounds and private sale rounds.
In the upcoming quarter, the metaverse startup plans to focus on public sales, NFT marketplace launch, 2nd NFT real estate sale and exchange listing.
Source: Business World
