METAVERSE real estate is booming even though most of us are yet to set foot in the virtual world.

A company has blown a whooping $5million/£4million on virtual land in a little known metaverse platform called TCG World.

Companies are spending millions on metaverse land

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Companies are spending millions on metaverse landCredit: Getty

Curzio Research has secured 19 “commercial real estate properties” as part of a deal.

The firm is planning to build a virtual HQ in the Asia region that exists within it.

This includes 12 city 128m x 128m plots and seven that are double the size.

Curzio VIP members will be invited to meet with other investors in their metaverse hub, as well as attend live events, seminars and conferences.

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“The metaverse is what the internet was supposed to be,” Curzio Research founder, Frank Curzio said.

“A decentralised, permissionless place where individuals have the freedom to create and own their digital content.”

TCG World is one of several virtual metaverse worlds that have opened, hoping to get in early on the idea since Facebook’s Mark Zuckerberg announced his intention to revolutionise how we live and work last year.

Even well-known names like Playboy, Nike and Planet Hollywood have jumped on the bandwagon.

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TCG World currently has 100,000 plots on offer and more than 14,000 holders so far.

The platform is very much geared towards crypto and NFTs, with furniture, houses, creatures and art available to buy and sell.

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Curzio is hoping to have their HQ finished in time for TCG World’s official launch.

That’s expected to happen sometime in September.

People have been going wild for the metaverse since Zuckerberg's announcement

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People have been going wild for the metaverse since Zuckerberg’s announcementCredit: Getty

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This post first appeared on Thesun.co.uk

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