Tokens.com’s Decentraland Group has announced the purchase of a 116-parcel estate in Decentraland for 618,000 MANA.
The total virtual land in the deal is reportedly 6,090 square feet, with a parcel equivalent to 52.5 square feet.
The estate, which is at Fashion Street district, would be developed for fashion shows and commerce. The Metaverse Group is seeking to collaborate with fashion brands that want to grow their e-commerce in the virtual economy.
The group says it would collaborate with Decentraland to create fashion projects and events in the newly acquired estate. Decentraland Foundation’s head of content Sam Hamilton says that the fashion business has huge opportunities in the metaverse.
Tokens.com Corporation is a public company that owns Decentralized Finance and NFT-based cryptocurrency. The firm is the parent company of Metaverse Group, a virtual real estate company.