Andrew Kiguel - celebsbar.com

CNBC report details that since Facebook announced that it would be making the move towards the metaverse, prices of virtual reality plots have shot up by 500 per cent in the last few months.According to the report, the Toronto-based company Tokens.com, has dropped $2.5million USD (£1.84million GBP) on a patch of virtual land in Decentraland – a metaverse based around crypto with its own currency.“The metaverse is the next iteration of social media,” said Andrew Kiguel, CEO of Tokens.com, which invests in NFTs and metaverse real estate. “You can go to a carnival, you can go to a music concert, you can go to a museum.”Meanwhile, another virtual real estate development company, Republic Realm, also spent $4.3million USD (£3.1million GBP) buying a plot of land in Atari’s The Sandbox metaverse.The metaverse refers to 3D virtual worlds based on the idea of a new way of social interaction.

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