Right after hearing about a big investment in cryptocurrency mining, a local businessman embarks on another virtual business.
Digital marketing firm Elevator Studio said it has formed a joint venture with Adam Weitsman to invest and develop a kind of digital real estate called Metaverse land that can be developed virtually.
The company will develop digital entertainment venues, casinos and art projects.
The owner of Upstate Shredding and Elevator Studio recently finalized a million dollar purchase of digital land inside Big Time Studios’ multiplayer action RPG. Big Time Studios is involved with a number of well-known gaming sites like Fortnite, Call of Duty, and Medal of Honor.
A press release from the marketing company associated with the project says digital real estate purchases have recently increased with “sales often exceeding $ 100 million per week.”
The release likens the company to a digital version of the California Gold Rush.
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