Emerging eSports platform GGTOOR Inc has announced the purchase of a US$102.3 million parcel of land in the metaverse which, along with another US$5 million purchase completed two weeks ago, will be used to develop GGTOORCITY – the “first ever virtual city devoted to entertainment.”
Releasing some details on what it describes as the largest virtual land purchase in history, GGTOOR Inc will start selling off individual parcels of its newly acquired land from Tuesday 14 June with GGTOORCITY envisioned to become a hub for businesses in the sports, music, gaming, movies, theater, dance, amusement parks, retail and concessions sectors “all making up a virtual city where millions of daily visitors will work and play.”
Land parcels will initially cost between US$375,000 and US$28 million per parcel, while less expensive city parcels with prices starting at US$8,400 will be released at a future date.
GGTOOR Inc CEO, John V Whitman Jr is scheduled to host a Zoom call next week at which he will announce more details including which metaverse GGTOORCITY will be a part of.
“Since a few years back the metaverse has grown to become a driving force in crypto and the tech world at large, especially with the increasing acceptance and adoption of cryptocurrency, its wallets and much more,” the company said.
“Without a doubt, demand for metaverse projects has risen dramatically, with more corporations showing unprecedented interest in virtual reality every day. Given the growing corporate fascination with the metaverse, the general public’s attention is also bound to be drawn to the significant technology which is bound to change the course of our digital lives.
“It’s simpler to think of the metaverse as a hybrid of the physical and digital worlds, which combines the best of both. Even so, it doesn’t change the fact that much of the general populace is still in the dark about what the metaverse is and what it means. We are very excited that soon people will embrace this new technology where they can build the life they always wanted virtually.”
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