New York City’s Times Square Building owner, Decentraland, created a virtual replica of it for Decentraland. Decentraland will unveil the iconic One Times Square on the 31st of December night for the ‘MetaFest 2022’ event. It will be 26 stories tall and the highest building in metaverse.

“There will be music, club parties, rooftop VIP lounges, CryptoArt galleries, immersive games, a Ball (NYSE:) Drop you will never forget, and wearables and collectibles to take with you into the year ahead,”
the event’s description reads.

The real estate firm Jamestown partnered with Digital Currency Group (DCG) – a supporter of Decentraland that holds a large number of MANA and LAND tokens.

In a press release, Michael Phillips, President of Jamestown said:

“The metaverse is an important part of the evolution of real estate and the built environment. Whereas physical real estate is largely limited to people with geographic proximity, the metaverse can give people around the world meaningful access to places through immersive virtual experiences.”

Flipside

• Due to the Omicron epidemic, there is a limit of 15,000 people who have been vaccinated at Time Square.
• The popularity of virtual real estate in the metaverse is growing rapidly. Many agencies representing real estate have become part of the digital land marketplace.