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For occasion, Samsung purchased land in Decentraland to construct a virtual duplicate of its flagship retailer, whereas Adidas hosted a metaverse fashion show on its Sandbox property. In February 2022, the company raised $60 million in a Collection A funding spherical led by Andreessen Horowtiz, with buyers together with Coinbase Ventures, Paris Hilton and Nas. Metaverse land traders are springing up; Everyrealm, previously Republic Realm, is pouring tens of millions into prime digital actual estate—including shopping for a single Sandbox plot for $4.three million in November 2021—with plans to construct premium locations within the metaverse.
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