Tokens.com Corp. (“Tokens.com” or “the Company”), a publicly-traded company that invests in Web3 crypto assets and businesses linked to the Metaverse and NFTs, is pleased to announce that its subsidiary, Metaverse Group, has signed virtual land lease agreements with Groundbreak Ventures, Renno & Co. Inc., Sophia Technologies, and Thrivo Technologies Inc.
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“These lease agreements mark a pivotal evolution in our Metaverse strategy. Not only do we own valuable virtual real estate but we also generate recurring revenue, similar to landlords in the physical world and to online advertising platforms such as large search engines and social media networks”
In addition to the lease agreements, tenants will be using Metaverse Group’s development and architectural services to assist with the development of their Metaverse projects.
“These lease agreements mark a pivotal evolution in our Metaverse strategy. Not only do we own valuable virtual real estate but we also generate recurring revenue, similar to landlords in the physical world and to online advertising platforms such as large search engines and social media networks,” commented Tokens.com CEO and Metaverse Group Executive Chairman, Andrew Kiguel. “These partnerships establish Metaverse Group as one of the first virtual landlords in the world to successfully lease out its Metaverse real estate.”
The tenants are renting virtual real estate on various parcels across Metaverse Group’s portfolio in Decentraland and waterfront parcels within Somnium Space.
“Signing these initial leases for virtual real estate solidifies our position as Metaverse landlords. We are in active discussion with numerous other parties and are looking forward to launching more brands into the Metaverse this year,” commented Lorne Sugarman, CEO of Metaverse Group.
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This collection of tenants come from diverse backgrounds:
– Groundbreak Ventures is a venture capital firm specializing in real estate and property technology.
– Renno & Co. Inc. is a Canadian digital law firm specializing in crypto.
– Sophia Technologies (or Sophia App) is a leading UK Education Technology Disruptor with a focus on online education and private tuition sectors.
– Thrivo Technologies Inc. is a technology company that creates innovative technology based systems to overcome challenges in the salon industry in order to restore and expand salon profit potential.
