The African crypto landscape is expanding rapidly and the latest development was the very first metaverse, Africarare take off. Africarare opened up to the world at a recent event in Johannesburg, where the project announced plans to commercialize the 3D virtual reality experience, set in Ubuntuland, a virtual world that combines creativity, cryptocurrency and commerce.
Following this, the virtual land is now also available for purchase and development, either through private sale or public NFT marketplaces. In addition, MTN, Africa’s largest mobile telecommunications multinational, has already acquired a 12×12 village, or 144 plots of virtual real estate. In addition to MTN, Austria-based World Data Lab (WDL) also acquired a 6×6 village in Ubuntuland.
Companies are looking for a first-mover advantage in Africa’s first metaverse as only 204642 lots will be available in Ubuntuland. In addition, the virtual land will be “positioned and priced on a tiered value system and made available for purchase, in limited batches.” According to the press release“Landowners will be able to customize their 3D land spaces, for example by hosting stores, manufacturing resources, renting virtual services, or developing games or other applications.”
Meanwhile, these designated spaces will serve the community for work, play and social experiences, including access to conference rooms, online therapy rooms, concert venues, film festival spaces and learning centers. Furthermore, Africarare also plans to include decentralized services such as staking, DAO (Decentralized Autonomous Organization), and blockchain play-to-earn gaming.
“Africare is focused on building and elevating Africa,” said Mic Mann, co-founder and CEO of Africarare. He added that their “metaverse will connect Africa to this thriving arena of the global economy, fuel growth and create multiple new jobs such as digital designers, creators and architects”.