Elevator Studio, Adam Weitsman form Investment Partnership to Buy Metaverse Land.
MANews-(C)2009-2021
Los Angeles-based production and digital marketing company Elevator Studio and entrepreneur Adam Weitsman have formed a joint venture to invest in and develop land in the metaverse, the principals said.
The duo recently completed a USD 1m purchase of digital land inside of Big Time Studios multiplayer action role-playing game Big Time https: //bigtime.gg.
The new joint venture is actively purchasing digital real estate to build and develop a variety of metaverse businesses including entertainment venues, casinos and artistic projects.
Digital real estate purchases have been on the rise in recent months, with sales often exceeding USD 100m per week.
Prices and opportunities are only expected to increase as more investors and entrepreneurs stake their claims.
Adam Weitsman is an entrepreneur and investor. He is the CEO of Viridium LLC, a large, state-of-the-art crypto-mining farm with several locations throughout New York.
He also founded Upstate Shredding Weitsman Recycling, one of the East...
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