One of the most successful stock pickers on Wall Street is now purchasing property in the metaverse.
On May 25th, the metaverse game TCG World announced a $5 million land sale with Frank Curzio’s publishing company Curzio Research. This is, according to current sources, the highest amount ever paid for metaverse land.
Curzio Research now owns nineteen city land parcels in the Asia region of TCG World. Twelve of these land NFTs measure 128 m 128 m, while the other seven measure 256 m 256 m. All one hundred thousand land plots in TCG World are on the Binance Smart Chain.
Frank Curzio has voiced confidence over the future of metaverse technology in recent podcasts. Curzio also believes that TCG World has great growth potential due to its “affordable pricing structure” and many social, entertainment, and gaming activities.
Curzio Research aims to use its TCG World property to develop an immersive expansion of its main website. At metaverse conferences, interviews, and live events, Curzio Research members will be able to communicate with other investors.
Curzio Research plans to have all of its land parcels built by September when TCG World debuts.
Surprisingly, another well-known website associated with Wall Street acquired virtual land in the Asia section of TCG World. WallStreetBets, a prominent Reddit group, is creating a metaverse experience in the same place as Curzio Research.
Virtual Land continues to surpass records. Prior to the recent purchase of TCG World by Curzio Research, The Sandbox had the distinction of selling the most expensive virtual land. At the end of 2021, Republic Realm, an investment company, paid $4,3 million for 2,500 Sandbox property parcels.
According to reports, the rival game Decentraland sold the most expensive land NFT in history just before Republic Realm acquired The Sandbox. In this sale, Tokens.com paid around $2.4 million for prime land NFTs in Decentraland’s fashion district.
In recent months, Rarity Sniper has reported that several celebrities, corporations, and even investment firms have spent enormous amounts of money to purchase real estate in The Sandbox and Decentraland. The following are among the most well-known names in these metaverses:
Universal Music Group (WMG)
Survival horror series The Walking Dead (TV Series)
Although The Sandbox and Decentraland get the most notice for their record land sales, Yuga Labs’ “Otherdeeds” continue to be one of the most frequently traded land NFTs. In fact, “Otherdeed #59906” is the first NFT to sell for more than $1 million in the Otherside metaverse.
In the future months, someone may outbid Curzio Research’s $5 million buy due to the many high-priced acquisitions of virtual property.