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Home Technology Metaverse

220,000 Blocks Of Virtual Dubai Real Estate Up For Sale On Metaverse Dubai – ITP.net

by NewsReporter
December 29, 2021
in Metaverse
Reading Time: 9 mins read
220,000-blocks-of-virtual-dubai-real-estate-up-for-sale-on-metaverse-dubai-–-itp.net
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Metaverse Dubai sale

As many as 220,000 blocks of Dubai’s prime real estate is now available to purchase – albeit on the virtual world. Metaverse Dubai is becoming the first global virtual platform based on real-world map.

As the popularity of non-fungible tokens (NFTs) skyrockets, new doors of opportunity are opening each second. Although the internet can create digital worlds of fantasy and bring them to life through virtual reality technology, Metaverse Dubai has pioneered a way of total immersion in the digital world by creating an all-encompassing platform that envelops NFTs blockchain trading, digital real estate, and more.

The newly-launched gateway allows people to buy, sell, and own non-fungible digital tokens (NFTs) lands using blockchain technology and digital innovation. They can now create their own digital identities, build communities and engage in various business and networking activities on Metaverse Dubai.

Its concept is based on a real-world map of Dubai’s most prestigious areas and features vivid recreations of their aesthetics, geometry, and topography.

A couple of other features make it different from any other metaverse project, says the company.  There are social networking, NFT, business, gaming, shopping, and entertainment applications with real-world use cases, while other Metaverse platforms are mainly about gaming.

Also, more than 200 global communities, top-tier NFT artists, developers, tech figures and media partners are onboard of the project development.

A spokesperson said: “Metaverse Dubai is stepping up the game to amaze new travelers on a wider scale by becoming the first global virtual NFT platform based on a real-world map. It upholds the concepts of decentralisation and NFTs originating from blockchain technology while adding newer infrastructure and more advanced features than its forerunner.”

The Metaverse Dubai’s current landscape features 220,000 blocks. The first round of participation is exclusive to MVP coin holders.

To make the lot division more interesting and exclusive, Metaverse Dubai has listed several rules regarding Hex purchases and acquisition. Firstly, the limit of Hexs an individual can purchase is 1,000. Secondly, the minimum purchase conditions are buying nine Hexs in the first week, seven and a half Hexs in the second, and a single Hex in the third week.

A single Hex (NFT lot in the Metaverse) is worth 3,000 MVP coins or 100 BUSD. Metaverse Dubai emphasises that MVP coins can be purchased at Bitmart and P2PB2B trading exchanges.

Metaverse Dubai is diligently working on developing the META chain – a proprietary blockchain technology that will allow Metaverse Dubai to expand and grow at unprecedented rates.

The public sales of Metaverse Dubai Hexs has started and will last until all Hexs are purchased and distributed to their respective holders.

The company plans to make MetaDubai the first open and interoperable Metaverse platform incorporating social networking, investment, business, NFT creation and trade, virtual real estate, gaming, entertainment and shopping within an immersive virtual reality environment.

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