Latest Crypto News: Metaverse Group Purchases Land in Decentralnd as part of its Plans to Expand its Platform

land crypto

Bob Coiney

November 24, 2021

As part of its expansion plans, the Metaverse Group, based in Decentraland, declared that it had completed the biggest Metaverse land acquisition ever recorded. The company, which is an affiliate of, purchased 116 plots of land in Decentraland’s Fashion Street sector. The total area of the land purchased is 6,090 square feet, and it cost 618,000 MANA tokens, or around $2.5 million.

The land will be developed for fashion exhibitions and commerce by Metaverse Group. It will also develop alliances with fashion firms interested in expanding their presence in the Metaverse, particularly in Decentraland. According to Sam Hamilton, the Decentraland Foundation’s Head of Content., fashion is the next point of attraction and growth in the Metaverse.

Metaverse Group is Expanding

Since became the company’s major stakeholder, Metaverse Group has made a number of deals. On Nov. 17, the publicly traded Canadian blockchain investment business invested $2.75 million in Metaverse Group to expand its ownership of the company from 50% to 70%. The cash will be used by Metaverse Group to purchase more land in Metaverses, including Decentraland, Somnium Space, The Sandbox, Cryptovoxels, and Upland.

MetaSoccer Raises Money for Soccer on Metaverse

In the Metaverse, MetaSoccer has raised $2.2 million to build soccer games and a soccer club administration tool. Play Ventures, Defiance Capital, Parafi Capital, DAO Maker, Kyros Ventures, Metrix Capital, and Peech Capital led the funding round.

Users can create virtual soccer teams and win tournaments or manage teams over the course of a season with MetaSoccer. Users can earn MSU tokens in the Play to Earn (P2E) game by trading players, beating teams, and obtaining endorsements on the system.

According to the co-founder and MetaSoccer COO Patxi Barrios, the goal is to create a unique platform for digital football that would hold similar hype as traditional soccer. Barrios explained his intention  “to create a new generation of digital native football players and clubs which will achieve similar ratings to those of professional football leagues.”

Robotos NFTs to be Released by Time Studios

Time Studios, Time Magazine’s television, and film division are working on a children’s show centred on Pablo Stanley’s Robotos NFT series. The Robotos NFT package contains 10,000 “droids” assembled from over 170 attributes at random. The studio’s move into the NFT building is part of a larger plan to explore and deliver unique creative methods across several media platforms.

According to Keith A. Grossman, Time President, “There is so much incredible IP being developed within the NFT space. We are proud of the role Time can play by providing these creators with our platform and access to alternative mediums.”Time has been a supporter of NFTs, and a few months ago, it released its TIMEpieces NFT collection, which featured static photos and animations with a “Building a Better Future” motto.