Tired of real-world property investments? New Hong Kong NFT project sells shares of virtual land in the metaverse
- The Metaworld Development project’s virtual land portfolio will be acquired from popular metaverse platforms The Sandbox and Decentraland
- To appeal to the mass market, Metaworld’s NFTs will be ‘priced very affordably to promote fractional investing’, according to a co-founder
To appeal to the mass market, Metaworld’s NFTs will be “priced very affordably to promote fractional investing”, said one of the project’s co-founders, who asked to be identified by the pseudonym KeyKreator. It will be “an easy vehicle to invest in metaverse directly”, according to the project’s website.
The Metaworld team’s strategy for managing its virtual land portfolio include trading these digital properties, renting them to major brands and then distributing the capital gains back to holders of the NFTs, according to the project’s website.
NFTs, digital assets whose ownership and uniqueness are verified by blockchains, have become mainstream around the world, with people snapping up digital artworks and cartoon avatars for millions of dollars.