The virtual replaces the real – Galaxy Interactive, the venture capital arm of Galaxy Digital led by billionaire Mike Novogratz, participated in Republic Realm’s metaverse funding round as a lead investor. Discover with us the almost infinite potential of the meta-universe!
Originally, the metaverse was a virtual world, artificially created by a computer program. It now hosts a community of users today shape in avatars able to move there, interact socially and sometimes economically. Thanks for ‘integrating NFTs into video gamesthis sector now opens up endless possibilities.
Realm of the Republica leader in the field, manages a diversified portfolio of Real estate NFTs in many metaverses. The team is developing land plots, to add value and promote community development, including ads in the virtual world as in reality.
The company develops neighborhoods and points of attraction around the metaverse. It incorporates the principles of real -world development with architects and famous illustrators creating unique spaces and promoting the birth of communities by enhancing metaverse ecosystems.
For decades, video games have not stopped working in their universe and surpassed themselves to provide more advanced graphics and possibilities. From now on, Fortnite, Minecraft hope Animal Crossing goes beyond the aspect of a simple video game, to put together graduation ceremoniesfrom meetings or live concerts right inside the video game, like rapper Travis Scott, which brings 12 million players to Fortnite.
The retreat towards the virtual driven by the current worldwide pandemic also has a significant effect in these mini-metaverses, with a rapid increase in the number of players online simultaneously and the number of events offered in different communities.
The metaverse, big stakes?
The team around the billionaire is currently working on buildingfuture metaverse :
Galaxy Interactivethe venture capital division of Galaxy Digital, admitted the role ofleading investor in the Republic Realm metaverse project. In effect, Janine Yoriothe CEO of Republic Realm, said Mike Novogratz’s support is a “vote of confidence” for an investment in $ 10 million. Overall, the company would have risen $ 36 million in his major projects.
Founded in 2021, the US-based Republic Realm has already been achieved 1,500 investments and purchased, this month, a virtual land based on the Decentraland blockchain with $ 900,000. The group then developed this terrain by adding buildings to it. In particular, he built a virtual mall and renting virtual stores, to name but a few examples.
In virtual worlds, such as Decentraland, users can display their NFT art collections, open businesses, walk with friends, visit monuments and attend events. The price of blockchain -based real estate in virtual worlds has thus jumped with NFT market growth This year.
Metaverse has long been a fantasy for many geeks, sci-fi fans, and gamers. But with advances in technology and blockchain integration, the possibilities now seem endless, and the future is closer than ever. With giants, like Roblox, Epic Games (the creator of Fortnite) or Facebook investing riches, Republic Realm is no longer the only company betting big in the metaverse.
The topic was discussed on Twitch at the end of this Thursday’s Live by Benoit and Sam, with the UOS team. You can find the LIVE replay on our Youtube channel on Saturday.
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