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Friday, April 26, 2024

Virtual block of land sells for $2.4m

Visitors in front of a 3D immersive art installation titled “Machine Hallucinations — Space: Metaverse” by media artist Refik Anadol, which was converted into NFT and auctioned online recently by Sotheby’s at the Digital Art Fair in Hong Kong for HK$18,325,000 (about 78,300,000 baht). (Photo: Reuters)

LONDON: A patch of virtual real estate in the online world Decentraland sold for a record US$2.4 million worth of cryptocurrency, the buyer crypto investor Tokens.com and Decentraland said.

Decentraland is an online environment — also called a “metaverse” — where users can buy land, visit buildings, walk around and meet people as avatars.

Such environments have grown in popularity this year as the pandemic caused people to spend more time online.

Interest surged last month when Facebook Inc changed its…

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