Innovative virtual land ownership platform, XOOCITY, announces plans to launch a virtual land NFT as it seeks to replicate Hong Kong and other major cities in the metaverse.
XOOCITY recently announced plans to launch its virtual land NFT as part of the goal of replicating mega cities in the metaverse and allowing users to sell, stake, and develop NFT-based applications on them. The first-of-its-kind virtual land ownership platform aims to provide individuals and businesses a land NFT to build different types of structures and facilities, currently with over 300,000 virtual lands on offer, with plans to conclude fundraising in two months to build a real-world metaverse.
“The company aims to replicate real cities in its metaverse for users to invest in virtual land non-fungible tokens (NFT) and to build applications, such as games, office buildings, clubhouses, business facilities, expo centres and shopping malls.” – CEO, Jason Wan.
The global NFT industry has undoubtedly exploded over the years, attracting the attention of individual and institutional investors as well as blockchain enthusiasts and growing to become a multi-billion-dollar market. However, getting into the NFT space can sometimes be daunting, which is where XOOCITY aims to open up the market by enabling investors and providing them with the needed infrastructure to bring their vision to life and own lands and build structures in the virtual world.
The forward-thinking initiative has also attracted the attention of a number of potential investors from different industries, with plans to launch its self-developed metaverse in March 2023, according to the CEO, Jason Wan. The XOOCITY project begins with creating a virtual Hong Kong city with 400,000 plots of land, 300,000 of which will be open for public sales, 50,000 for rental use and the rest for strategic partners. Investors can build shops, games, schools, marketplaces, clubhouses, business facilities, expo centers and shopping malls to serve various entertainments, businesses and trade activities in the first virtual Hong Kong City.
The experience team of tech savvy guys with a strong tech background in China and Hong Kong has expressed its readiness to partner providers of forward-thinking tech solutions to build the Metaverse.
XOOCITY has announced plans to create virtual cities such as Tokyo, New York, London and Paris in the future, as it seeks to make a mark in the virtual real estate market, which is expected to increase by $5.37 billion from 2022 to 2026. The company also offers other categories of products and services, including B2B marketplace, land lease, B2C marketplace, virtual exhibitions, and a host of others.