Boson Pays a Remarkable $704K for a Decentraland Plot to Build a Virtual Mall

0
1575

Customers of Decentraland communities will be able to transfer virtual and real-world goods using the blockchain system.

According to a report in Decrypt, blockchain protocol Boson has bought a $704,000 plot in Decentraland to build a virtual mall.

Gamers of Decentraland’s browser-based game will be able to acquire digital assets, which they can then trade for tangible products and services in the retail area.

The fee is the most ever paid for a plot in Decentraland’s virtual world. Some of the world’s most well-known businesses will be able to offer their items in the virtual retail area thanks to Boson’s mall.

Anyone who buys a purse or pair of shoes as an NFT, for instance, can swap it for the actual thing. Boson seeks to attract users from other Decentraland communities with its blockchain system, which offers decentralized infrastructure.

Welcome to Decentraland, where NFTs meet a virtual world

From 2019 until 2021, Boson received $10 million in different fundraising rounds. Early in the year, it collected over $26 million in a public token sale.

Decentraland is a virtual reality blockchain platform built on Ethereum that allows users to buy, develop, and monetize apps. Users engage with the system and acquire virtual land, commodities, and services with tokens in its 3D world. It is divisible into a small number of parcels known as LAND (represented by a non-fungible ERC721 token) that may be acquired using MANA (+6.15%), an ERC20 token.

The startup raised around $24 million in bitcoin (BTC, +12.12 percent ), ethereum (ETH, +4.19 percent ), and other digital currencies in its initial coin offering in 2017.

Anybody who purchases an NFT, such as a bag or a pair of shoes, may exchange it for the real thing. Boson’s blockchain technology, which provides decentralized infrastructure, aims to attract customers from other Decentraland communities.

Boson got $10 million in several fundraising stages from 2019 to 2021. It raised almost $26 million in a public token sale earlier this year.

LEAVE A REPLY

Please enter your comment!
Please enter your name here