decentraland news

Tokens.com Tower Breaks Virtual Ground in Decentraland's Crypto Valley

Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) ("Tokens.com" or the "Company"), a publicly traded company that invests in revenue-generating crypto and blockchain assets linked to Decentralized Finance ("DeFi"), Non-Fungible Tokens ("NFT") and metaverse real estate, is pleased to announce that the Company is building a first-of-its-kind tower in Decentraland's Crypto Valley, Tokens.com Tower .

Tokens.com Towe r is an NFT-based virtual building, under construction on Metaverse Group's land parcels, of which Tokens.com owns 50%. The building is intended to be revenue-generating through leases, rentals and the sale of advertising space. Tokens.com Tower will be branded, providing Tokens.com and other brands advertising exposure to new audiences within the metaverse. Tokens.com will also use the space to host metaverse-based crypto conferences and events.

"Within two years, all corporations and brands will require a metaverse strategy and presence. We are committed to being a central pillar in metaverse development and leading by example by establishing a presence in Decentraland," commented CEO Andrew Kiguel "The Tokens.com Tower is meant to attract other top corporations and technology into Crypto Valley, which will drive innovation and help the region scale."

The project has commenced construction and is expected to be completed by early 2022. Further inquiries into leasing space in the Tokens.com tower or other sites owned by Metaverse Group should be directed to rentals@metaversegroup.io .

About Metaverse Group

The Metaverse Group is a vertically integrated NFT based metaverse real estate company. The group, with its global headquarters in Decetraland's Crypto Valley, also owns in excess of a 7 figure real estate portfolio across many leading worlds. The company intends to continue to purchase, develop and rent out its portfolio of real estate assets.

About Tokens.com

Tokens.com Corp is a publicly traded company that owns an inventory of DeFi and NFT based cryptocurrencies. Through a process called staking, Tokens.com's inventory of cryptocurrencies is used to earn additional tokens. In addition, Tokens.com co-owns Metaverse Group, one of the world's first NFT based, virtual real estate blockchain companies. Through its growing digital asset inventory, Tokens.com provides public market investors with a simple and secure way to gain exposure to cryptocurrencies linked to DeFi and NFTs.

Further information can be found on the Company's website: Tokens.com .

Keep up-to-date on Tokens.com developments and join our online communities at Twitter , LinkedIn , and YouTube .

This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com . Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.

For further information:

Tokens.com Corp.

Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: contact@tokens.com

Jennifer Karkula, Head of Communications
Email: contact@tokens.com

Media: Megan Stangl – Talk Shop Media
Email: megan@talkshopmedia.com

News Provided by Business Wire via QuoteMedia

The Conversation (0)
Pile of cryptocurrency coins.

US Bitcoin ETFs See Record Outflows as Crypto Investors Face Election Day Uncertainty

Bitcoin-focused exchange-traded funds (ETFs) in the US saw significant outflows on Monday (November 4) as cryptocurrency market participants prepared for election-related uncertainty.

In total, a group of 12 American Bitcoin ETFs tracked by Bloomberg saw outflows of US$579.5 million that day. According to the news outlet, that's the highest daily net outflow number seen to date.

Bitcoin-mining stocks also saw losses last week, indicating broader market stress within the sector.

Keep reading...Show less
Bitcoin price chart going up.

Bitcoin: A Price History of the First Cryptocurrency (Updated 2024)

Bitcoin, the most well-known cryptocurrency, paved the way for the cryptocurrency asset class.

Now the cryptocurrency of choice, its meteoric rise was unlike any other commodity, resource or asset. Bitcoin’s price rose more than 1,200 percent from March 2020 to reach US$69,044 on November 10, 2021.

The currency showcased its famous volatility in the following year, falling as low as US$15,787 by November 2022 amid economic uncertainty and a wave of negative media coverage.

The cryptocurrency started 2024 just below US$45,000 and has seen substantial gains in the first half of this year. Bitcoin reached its new all-time high price of US$73,115 on March 11, 2024.

Keep reading...Show less
Gold Bitcoins with stock chart.

Crypto Market Update: Q3 2024 in Review

A turbulent Q3 in the crypto market was marked by price volatility and shifts in investor sentiment.

Popular cryptocurrency Bitcoin, often seen as a bellwether for the industry, experienced sharp price corrections at the start of each month, with July and August witnessing declines exceeding 12 percent.

Meanwhile, Ethereum’s performance in Q3 showed signs of declining user engagement and network activity, marked by a drop in daily active addresses compared to previous periods. Competing blockchains, particularly Solana, experienced growth in user activity during the same period, potentially signaling a shift in user preferences away from Ethereum.

Keep reading...Show less
Canada flag and various crypto coins, including Bitcoin and Ether.

13 Canadian Crypto ETFs (Updated 2024)

Cryptocurrencies such as Bitcoin and Ethereum offer an alternative route for building and storing wealth. While directly holding these digital assets is a popular option, investors are also clamoring for financial products such as crypto exchange-traded funds (ETFs).

Canada first launched Bitcoin and Ethereum ETFs in 2021. These Canadian Bitcoin and Ethereum ETFs allow investors to place returns in tax-sheltered accounts like tax-free savings accounts or registered retirement savings plans.

“There is a high demand for a Bitcoin product that has all the features that people love about ETFs — that they trade on an exchange, that they’re liquid,” Ross Mayfield, investment strategy analyst at Robert W. Baird & Co., told Bloomberg in mid-2021.

Keep reading...Show less
A data center.

Cipher Mining to Acquire Three Data Center Sites in Texas

New York-based Cipher Mining (NASDAQ:CIFR), a Bitcoin data center developer and operator, said Tuesday (October 15) that it has signed option agreements with Juvo Energy to acquire three data center sites in Texas.

According to the company, the agreements involve two locations in North Texas and one in West Texas, each of which offers 500 megawatts of potential capacity across a total land area of more than 580 acres.

Cipher plans to use the sites to develop high-performance computing (HPC) and Bitcoin-mining data centers.

Keep reading...Show less
Canadian flag with geometric patterns overlaid.

5 Best-performing Canadian Crypto Mining Stocks of 2024

Canadian crypto stocks offer investors exposure to the booming cryptocurrency markets.

Cryptocurrencies are digital currencies that are independent of traditional banking systems. They exist on a blockchain, a secure and immutable transaction record shared among many computer nodes in a network.

The most well-known cryptocurrency is Bitcoin, and the process of generating new Bitcoin units is called mining. When Bitcoin was new, it was easy enough for tech-savvy individuals to mine their own tokens using store-bought hardware. However, as Bitcoin has grown in popularity, mining has become a difficult and expensive process.

Keep reading...Show less

Latest Press Releases

Related News

×