A fund bought 6,000 sq ft of digital land in Decentraland for $2.4 million. That’s more pricey than the prime shopping malls in India.
The other very famous metaverse, Sandbox, had a plot of land purchased for $4.3 million by another investment fund.
Justin Biiber just did a live concert in one of the metaverses. You could wear an AR headset and see an animated Justin with the voice streaming live. Samsung has recently inaugurated a store in Decentraland which mimicked another flagship store—you can go inside and buy their latest flip phones with crypto. Famous brands such as RL, Burberry and Gucci are collaborating with gamers and metaverse creators by allowing the digital “you” to try on their clothes.
Microsoft’s acquisition of Activision Blizzard for $68.7 billion (the same company that made Call of Duty and the Airport Battleground, which is etched in every teenager’s memory) is said to value the company’s technological capability for the metaverse world. See “Metaverse: Virtual reality may change your world” TSG by Tyler Baum – Mar 31 2022