Plot of Metaverse “Land” Sells for $2.4 Million

A blockchain investor called announced this week that it had purchased a virtual real estate lot, in what it says is the largest metaverse land acquisition to date.

According to a press release, the “land” purchased is located in a metaverse environment called Decentraland, in an area called the “Fashion Street district,” and it cost 618,000 MANA, an Ethereum-based token the project uses as currency.

That translates to about $2.4 million USD, according to Reuters, totaling 6,090 square feet of digital land.