Virtual retail real estate plot sells for a record US$2.4 million

(Source: supplied )
A 566sqm piece of prime retail real estate sold online for US$2.4 million this week – but there’s a catch: it doesn’t exist.  The land is ‘located’ on Fashion Street, a luxury retail precinct in Decentraland, a metaverse where people can buy land, visit buildings, and walk around and meet people as avatars. The buyer: crypto investor Tokens.com which says it plans to use the space to host digital fashion events and sell virtual clothing for avatars. The transaction was settled

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