NFT

CPA Firm Prager Metis Becomes The First Accounting Firm With Headquarters In The Metaverse

CPA Firm Prager Metis Becomes The First Accounting Firm With Headquarters In The Metaverse

Ellen Britt for CNT #NFT CPA Firm Prager Metis Becomes The First Accounting Firm With Headquarters In The Metaverse Top 40 international accounting firm Prager Metis just opened the doors to its new headquarters in the metaverse, becoming the first CPA firm to do so.  HQ Design By House of Tang and Metaverse Architect, Tangpoko (Tracy Tang) According to company news published on their website, the new headquarters is a modern three-story structure consisting of an open floor plan, with the first floor serving both as an entertainment area as well as gallery space for client NFTs. The second floor is…
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Virtual or Real World Real Estate – 5 Differences To Keep In Mind

Virtual or Real World Real Estate – 5 Differences To Keep In Mind

Ellen Britt for CNT #NFT Although there are obvious differences between owning real-world and virtual real estate, such as not being able to actually inhabit your virtual house in the metaverse with your physical body, there are other differences you need to keep in mind. One - Particular Uses Ok so you can’t actually live in the metaverse (at least not yet!) but you can use it for socializing, shopping, attending virtual events, or even opening up a business there. On the other hand, real estate of some sort in the real world, whether you own it or rent it, is…
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Banking In The Metaverse? It’s Coming Sooner Than You Think

Banking In The Metaverse? It’s Coming Sooner Than You Think

Ellen Britt for CNT #NFT Recently we reported on investment banking giant JP Morgan Chase, which has opened a lounge in the Decentraland metaverse, signaling an oncoming sea change in the banking industry.  First Mover's Advantage The company was the first banking institution to make this move, but others are sure to follow now that JP Morgan has blazed a trail. You can’t open up a checking or savings account just yet, but you can buy virtual real estate with NFTs and also make other purchases with cryptocurrency. Step Into The Lounge Their virtual space is known as the Onyx Lounge.…
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The Great Shakeup – How Monetization Of The Metaverse Is Shaking Up The Real Estate Industry

The Great Shakeup – How Monetization Of The Metaverse Is Shaking Up The Real Estate Industry

Ellen Britt for CNT #NFT There are clear signs that virtual commercial real estate residing in the metaverse is going to have a huge role for the foreseeable future. We’ve already reported that Swivel, the Austin Texas-based firm, by all reports making the pivot from designing real-world corporate offices to bringing their talents to virtual commercial real estate clients.  And we got you up to speed on what JP Morgan Chase is doing with their opening of a swanky new office in the metaverse’s Metajuku mall. First To Market Plus we told you about the real estate firm Propy, who just…
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A Brief History Of The Metaverse

A Brief History Of The Metaverse

Ellen Britt for CNT #NFT There is an advantage in knowing your history. Remember the old saying, “Those that don’t remember history are doomed to repeat it.” If you are going to play in the metaverse, it’s helpful to know something about its past.  We’ll get you up to speed in this two-minute read! Contrary to what you might think, Mark Zuckerberg of Facebook, now Meta, did not invent the word “metaverse”. That honor goes to science fiction author Neal Stephenson, who coined the term in his 1994 novel, Snow Crash. In the book, Hiro Protagonist, the main character, travels through…
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Commercial Real Estate Is Swiveling To The Metaverse

Commercial Real Estate Is Swiveling To The Metaverse

Ellen Britt for CNT #NFTThere has been a lot going on in the world of virtual real estate lately, from celebrities like Snoop Dogg snapping up pricey parcels to real-world real estate firm Propy being the first to sell an NFT associated house in Tampa, Florida. But what’s happening on the virtual commercial side of things?We recently reported on investment banking giant JP Morgan Chase establishing an office in the metaverse’s Metajuku Mall but now an Austin Texas-based firm, Swivel, is reportedly making the pivot from designing real-world corporate offices to bringing their talents to commercial real estate clients. Commercial Real Estate…
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Five Metaverse Myths – What’s True And What’s Not

Five Metaverse Myths – What’s True And What’s Not

Ellen Britt for CNT #NFTThere's a lot of information flying around out there about the metaverse. What's true and what's not? Let's take a closer look.One - True or False - You need expensive virtual reality goggles to get into the metaverse.False - while you will often see news stories written about the metaverse illustrated with a photo or graphic of someone wearing virtual reality goggles, some of the most popular platforms such as Decentraland or The Sandbox, can be accessed right from your laptop, desktop computer or even your smartphone. Two - True or False - The metaverse is just a…
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Virtual Real Estate – A One Trillion Dollar Opportunity

Virtual Real Estate – A One Trillion Dollar Opportunity

Ellen Britt for CNT #NFTThe juggernaut of investment banking firms, JP Morgan Chase, has opened a swanky new office in the Metajuku mall. An illuminated portrait of CEO Jamie Dimon is featured in the lobby, along with an opulent spiral staircase complete with a live tiger to guard the place. The only catch? The new office isn’t located in the real world, but is in the metaverse!The White PaperOnyx, the blockchain firm JP Morgan launched in 2020, just released a paper examining the opportunities afforded by going into business in the metaverse.BullishSuffice it to say that JP Morgan is bullish on the…
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Virtual Real Estate Ownership In The Metaverse Explained

Virtual Real Estate Ownership In The Metaverse Explained

Ellen Britt for CNT #NFTEven though it seems like everyone is talking about virtual real estate, what is it exactly? After all, if you are going to take advantage of the virtual land rush that’s taking place right now, you need to have an understanding of what it’s all about. We’ve got you covered!Not Your ImaginationVirtual real estate, also referred to as virtual land, is not just something imaginary. These “plots” actually exist but they are digital and reside in a 3D online space, using such platforms as The Sandbox, Decentraland, or the soon-to-launch Mint City Places. Users access these spaces…
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How To Develop Your Metaverse Land Lot

How To Develop Your Metaverse Land Lot

Ellen Britt for CNT #NFTOK, so you have taken the plunge and purchased a lot in the metaverse? Now what? Buy and hold, or do something else entirely?Hold On!One of the easiest and most common ways to profit from your virtual real estate purchase is to simply hold on to it, and anticipate that prices will rise and you will be able to sell later for a profit. After all, no matter which metaverse you choose to play in, from The Sandbox to Decentraland to up-and-coming Mint City Places, there is only some much real estate to go around in each…
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