The metaverse recorded its biggest-ever virtual land sale with Curzio Research, a financial publishing company, purchasing TCG World for $5 million. The latest deal has surpassed the previous record-holder who bought a plot in the Sandbox for $4.3 million.
TCG World is not that well known but it didn’t seem to concern the Curzio Research. It secured 19 commercial real estate plots in TCG’s metaverse, wherein the $5 million deal is made up of 12 City 128m x 128m plots and 7 City 256m x 256m plots. Curzio Research highlighted that the purchase marks the largest virtual land sale to date. TCG World, in this deal, will get cash and Curzio Research’s security tokens, which represent an ownership stake in the company.
Frank Curzio, the founder of Curzio Research, believes the metaverse is what the internet was supposed to be – a decentralized, permissionless place where individuals have the freedom to create and own digital content. Curzio outlined that TCG World had all the elements like entertainment, gamification, social, and commerce, to create a true open metaverse. He said the low fee structure incentivizes innovation for users and developers. Curzio Research is delighted to be part of the pro-growth model in an industry that has the advantage of incredible upside potential.
The company is in the Asia region of TCG World. It plans to build its headquarters near WallStreetBets. Furthermore, Curzio Research’s VIP members will be able to meet here alongside other investors. They can attend live events, listen to exclusive Wall Street unplugged podcasts, and go to educational seminars. They will be able to build an investment community.