Hemant Singh, March 16, 2022
The first tokenized metaverse real estate investment trust, MetaSpace Real Estate Investment Trust (Mreit), has officially inaugurated its headquarters in Decentraland.
Mreit is a real estate investment trust that focuses on purchasing, leasing, minting, and monitoring high traffic real estate in the metaverse, similar to other estate investment trusts (REITs). It lowers the hurdles to entry for newcomers to the crypto community and provides coveted real estate for users, brands, and businesses looking to enter the metaverse.
The company’s Decentraland headquarters is four stories tall, with three floors dedicated to nonfungible token displays. Mreit’s new demo project includes this place, which companies may visit and personalize to exhibit their offerings.
“We’re thrilled to have officially launched our headquarters in Decentraland as Mreit marks the first tokenized real estate investment company in the metaverse,” Mreit’s co-founder and chief brand officer, Evan Klein stated. “As virtual landlords, we’re pushing the boundaries for top-tier brands and creating access for companies and brands to enter the metaverse and maximize their digital exposure.”
Mreit will continue to assist new retail and business clients on how to successfully expand their virtual presence as the firm expands. The Mreit team is focused on providing superior products and services to its population, from acquiring suitable sites to producing unique buildings and co-hosting events.
Mreit has introduced its Ethereum token since its first launch in December 2021, increasing exposure to new markets and exchanges. Mreit presently has over 900 token holders in its community.
On March 17, 2022, the Miami chapter of the Bored Apes Yacht Club will organise a launch party in Decentraland to commemorate the formal debut of the Mreit headquarters.
What is mreit and how much reach does it have?
Mreit is the first blockchain-based digital real estate investment organization that works within metaverse, with the goal of assisting people in getting involved in the metaverse real estate market. Mreit is a real estate investment trust that specializes in purchasing, leasing, minting, and sustaining high traffic virtual real estate in the metaverse, identical to other real estate investment trusts. Mreit makes the crypto ecosystem more accessible to newcomers by lowering admission barriers. It participated most recently, in CoinMarketCap, the industry’s top index, and was also involved in CoinGecko & Uniswap v3.
