In a government-approved ‘digital twin’ project, the first 500 plots of virtual real estate in ‘Madalia World’, a virtual version of the Portuguese archipelago of Madeira, were listed on the NFT Exclusive market yesterday (28 September). ).
The project is a collaboration between the regional government, Exclusible, and virtual and augmented reality technology company Dimmersions.
Prices range from 1 ETH for a 2000 m^2 plot to 28 ETH for a 9 hectare plot.
The “Pioneer Collection” went on sale ahead of the launch of the Madalia World metaverse. Once the virtual world is online, the owners of the plots of land will be able to build on their plots as well as sell or rent the land.
NFT owners will also be able to visit the physical location of their plot, where they can see their virtual constructions in augmented reality, creating exciting architectural opportunities in a protected and UNESCO-certified area where physical construction is not permitted. . .
In a press release announcing the sale, Candy Flores de Freitas, co-founder and CEO of Dimmersions, said:
“There are also additional benefits such as early access to Immersive Entertainment tied to the Madalia IP, all Madalia public event ticket sales and all future Virtual Property sales and NFT Drops from Exclusible, the access to the purchase of tickets for Madalia’s exclusive annual gala and an invitation to the ‘tree party’ to plant 500 trees to offset the carbon footprint of coin and NFT transactions.
Thibault Launay, CEO of Exclusible, added “with the launch of Madalia, we have strengthened our presence in real estate and the metaverse, and we will continue to understand where the Web3 community wants to be and what experiences they are looking for”.
As reported by PYMNTS, digital twins of real-life locations have been launched on metaverse platform The Sandbox, where users can visit “Mega City,” a virtual version of Hong Kong. The next digital twin city to be built in The Sandbox will be the “Dubaiverse”.
Related: Dubai steps up its efforts to become the metaverse capital of the world
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