The metaverse is continuing to expand with more and more major corporations establishing their presence every day. This company is setting up shop to acquire and develop properties in this significant growth area.
An established bitcoin miner, Graystone Company, Inc. (OTCQB: GYST), is expanding into real estate development in the metaverse. The company is planning to purchase real estate parcels in the Decentraland 3D virtual platform per its press release. Decentraland users can buy and sell digital real estate, products and goods. People can create their own micro-worlds while exploring, interacting and playing games within this virtual world.
Through this division the firm is also seeking joint ventures and strategic collaborations with other companies that wish to market and move their product lines to the virtual platform.
In a generally down day for markets, shares were trading down at $0.01.9 in late morning trade.