Browsing: Virtual land

  • MTN announced their purchase of 144 plots of virtual land in Africarare on March 1
  • Africarare is the first African virtual reality metaverse featuring digital land
  • MTN is the first African company in the metaverse

On March 1, 2022, South Africa based cryptocurrency exchange, VALR announced their US$50M series B raise at a US$240M valuation led by Pantera Capital.

On that same day, Africa’s leading mobile operator MTN announced their purchase of 144 plots of virtual land in Africarare – the first African virtual reality metaverse featuring digital land.

MTN is therefore the first African company in the metaverse. On 10th February 2022, the Central Bank of Kenya (CBK) issued a discussion paper on their Central Bank Digital Currency (CBDC), contrary to its previously held position that crypto was not allowed in the Kenyan banking industry.

A day before the Central Bank of Kenya’s CBDC move, Zambia announced plans to …