MetaMall has set the ball rolling with its decentralised Mall (the very first ever) in the Metaverse. The MetaMall website explains the Mall as a one of a kind VR experience on the blockchain that will allow the users to build, explore and trade exactly like a real world mall! The virtual real estate seller will allow users (or MetaMallers) to purchase, develop and even sell virtual properties in the Metaverse.
SEE ALSO: H&M Jumps Into Metaverse; Opens Its First Virtual Store
Mall is the utility token for the MetaMall patrons. The currency is used for a comprehensive experience in the MetaMall. The metaverse startup has raised a seed funding of $7 million from both private and public investors through IDO. IDO or Index Dex Offering is successor to ICO or Initial Coin Offerings. It is presently the most preferred way of Crypto fundraising and trading.
Image: Metamall Web
Talking to the Indian Express , MetaMall’s Co-founder Serge Gianchandani explained that, “It’s between the physical mall and traditional e-commerce.”
So now instead of picking up items from a traditional online shop, you will now be able to interact with them.
MetaMall is set to have about 20 brands initially and then gradually increase to 250+ within six months. MetaMall’s MVP (minimum viable products) will be live in April 2022.
SEE ALSO: J P Morgan Launches The First Bank In Metaverse; Opens A Lounge In blockchain-Based Decentraland Imagine a virtual DMart in Metaverse. No rush on the weekends and as many empty carts, no queue for security checks and swifter checkouts! That would be something!Cover Image: Pixabay
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