New Year in place! New York Times Square enters MANA and DCG to celebrate 2022

As the New Year approaches and New Years celebrations around the world are long overdue celebrations, this year is different. The world of the meta-universe.

Times Square, owner of US real estate company Jamestown, has partnered with venture capital firm Digital Digital Currency Group (DCG) to develop popular New York City Times Square, Decentraland reported on the 29th. Plan a celebration.

As the event's website is called Meta Fest 2022, users can create their own avatar and explore Times Square with friends. The party itself features an exclusive music and entertainment venue, VIP lounge rooftops, a CryptoArt gallery, immersive games, and live broadcasts from around the world.

Michael Phillips, Managing Director of Jamestown, said: Metaverse is an important part of building and creating an eco-friendly environment. Physical ownership is strictly limited to neighbors, and the metaverse allows people around the world to access these areas through virtual reality.

Real-world developers are entering the meta-world.

Jamestown has not disclosed how much the company has invested in virtual real estate, but as the value of virtual real estate continues to rise in popular virtual game worlds such as Decentraland and Sandbox, the involvement of architects is essential. .

According to previous data, Decentraland announced in late November that the virtual land under its umbrella had sold for over $ 2.4 million, making it one of the largest metaspatial land deals in kwm's history. .

Financial services firm U.S. Business Insider reported that the deal resulted in the highest real estate selling price of $ 913,000, slightly above the average Manhattan home price, well double the previous record for virtual homes. It's in New York City, and its average rents are higher in other cities in the United States and in San Francisco.

But a "Reuters" report questioned whether the deal could be a hype because in June of this year, when Decentraland sold virtual land for more than $ 913,000, buyers said they were buying it. would use to build houses. The store sells virtual clothes, but a Reuters reporter was there several times late, but no customer noticed.

Cryptocurrency Investors Are Also Looking To Real Estate

Interestingly, as virtual real estate booms, lucrative cryptocurrency investors are moving to physical land as well.

According to a recent report, US gold venture capital firm Ryan Serhant noted in an interview earlier this month that he had seen a number of cryptocurrency whales wanting to change their cryptocurrency assets for housing and other assets. Some predict that half of America's assets will be traded in cryptocurrency over the next five years, and NFTs will be a key part of that future promise. He said: We (the crypto buyers) are now seeing more of it than in 2020 and the first half of 2021. After collecting the wealth, people are thinking about ways to store it, and their way is to turn it into treasure. We are seeing a similar situation in the crypto community as people have cash withdrawals from banks and real estate investments to avoid inflation. Consumers are looking for other ways to distribute cash.