One hundred million SF of virtual real estate have been constructed by LandVault, the leading Metaverse real estate business assisting the entrance of major companies into the Metaverse on venues like Sandbox and Decentraland.
Along with native Web 3.0 initiatives like World of Women, MAYC, or AlienBoy, this involves working with well-known companies like Mastercard, L’Oreal, Heineken, and Standard Chartered Bank.
LandVault has constructed approximately 1,300 football fields’ worth of simulated land and is at the forefront of building a rapidly growing virtual world. It is projected that 10% of open Metaverse finished experiences, deemed as live designs with a playable experience, are developed by LandVault.
The business was founded in the video game industry and was initially known as Admix. It built technology that allowed marketers to infiltrate games via product endorsements. Sam Huber founded Admix in 2018. Since then, it has received $37 (Dh135.90) million from leading venture capitalists (VCs), worked with over 300 prominent brands, including McDonald’s and Calvin Klein, and assisted them in using product placements to engage their brands inside games.
To provide companies and web service (IP) entering the Metaverse an end-to-end solution, from land rental to construction and monetization, Huber chose to shift the firm from gaming into the Metaverse, purchasing a Metaverse studio and renaming it as LandVault.
With the recent addition of more than 180 employees, including more than 120 skilled metaverse programmers and artists, the firm became the undisputed powerhouse in metaverse creation, as shown by this most recent innovation milestone. According to a McKinsey & Company assessment, LandVault is leading the result of an ecosystem that may add up to $5 trillion (Dh18.37 trillion) in worth by 2030.
According to the same research, more than double the $57 billion (Dh209.36 billion) was spent throughout the first 5 months of 2022 in the Metaverse, with start-ups, known brands, and private equity (PE) firms all looking to take advantage of the opportunity.
According to the study, 59% of customers are enthusiastic about moving their regular activities to the Metaverse, underscoring how crucial it is for firms to establish their Metaverse strategy and footprint.
