Source: The Generalist
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  • BIGG Digital (BIGG) portfolio company TerraZero has acquired virtual real estate in Decentraland to build an entertainment destination in the Metaverse
  • This destination is envisioned to include virtual concerts, film screenings, shopping, cultural and educational experiences
  • Decentraland entrepreneur and district leader, Mr. Carl Fravel, has joined TerraZero as a strategic advisor
  • Mr. Fravel sold a portion of his personal collection of prime strategic virtual real estate, 185 parcels in total, to TerraZero for a combination of shares and cash
  • TerraZero intends to build a massive cityscape across part of the 185-parcel expanse
  • TerraZero is a Metaverse development group and leading Web 3.0 technology company specializing in the Metaverse space
  • BIGG Digital Assets Inc. (BIGG) opened trading at C$0.77 per share

BIGG Digital (BIGG) portfolio company TerraZero has acquired virtual real estate in Decentraland to build the premier entertainment destination in the Metaverse.

The company envisions that this destination will include immersive experiences like virtual concerts, film screenings, shopping, cultural and educational experiences.

TerraZero also announced that technology executive and Decentraland entrepreneur and district leader, Mr. Carl Fravel, has joined the company as a strategic advisor. 

As part of the new partnership, Mr. Fravel sold a portion of his personal collection of prime strategic virtual real estate, 185 parcels in total, which he has held since the launch of Decentraland, for a combination of shares and cash from TerraZero. The 185-parcel estate has an estimated market value of approximately US$ 2,775,000.

Mr. Fravel commented on the partnership with TerraZero.

“I see the Metaverse in the early stages of a paradigm shift to deep substance – major entertainment, highly functional real estate, Web3 commerce, experiential advertising, education, telemedicine, and entirely new use cases. The opportunities within the Metaverse of benefit to humanity are endless and I can’t wait to help support and grow TerraZero, a company whose vision, leadership and ethics I have greatly admired. I am thrilled to be a significant shareholder of TerraZero and I am excited to watch the future of the Metaverse unfold.”

Since its formation in 2017, Mr. Fravel has acted as a key advisor and district leader for Decentraland.

TerraZero intends to build a massive cityscape across part of the 185-parcel expanse – which may be one of the largest undertakings across the Metaverse. TerraZero’s Chief Metaverse Officer, Ryan Kieffer, has hosted and built some of the largest and most successful Metaverse events, including the first live music festival.

BIGG Digital Assets invests in the future of crypto as a safe, compliant and regulated environment. BIGG has three portfolio companies: Netcoins (netcoins.ca), Blockchain Intelligence Group (blockchaingroup.io) and TerraZero (terrazero.com).

TerraZero is a Metaverse development group and leading Web 3.0 technology company specializing in the Metaverse space.

BIGG Digital Assets Inc. (BIGG) opened trading at C$0.77 per share.

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