Speaking about the move, Tim Mangnall, CEO of Capital Block, explains, “We are delighted to have advised QUA Granite, another world-scale company, on a pioneering investment in the Metaverse. In doing so it has proved its assertiveness and broad vision both in the global market and in technology. In addition, QUA is the first company in its industry to invest in the Metaverse universe. Reports suggest QUA aims to create new interactions, new experiences, and unique benefits for its customer base through its metaverse island purchase. New opportunities for companies in the metaverse Looking ahead, the market is expected to double to US$1bn in 2022, according to MetaMetric Solutions, and rise at 31% CAGR from 2022 to 2028.īuying land in the Metaverse is becoming increasingly common, with world-class brands like Gucci and Adidas rapidly investing to take part. The leading investment bank bought its plot in November 2021in Decentraland, which sold for a record US$2.43mn, more than double the prior record high for virtual real estate (US$913,000) just five months prior. The news follows on from JP Morgan’s recent real estate purchase in the metaverse, and in 2021, the market reached US$500mn, according to CNBC, with the value of virtual land continuing to climb. Investing in the metaverse real-estate market The Ceramics company now counts PSG star Marco Verratti, FC Bayern Munich winger Kingsley Coman, Swiss Tennis Star Stan Wawrinka, and FC Basel Shareholder Dan Holzmann among its metaverse neightbours. Capital Block is also QUA Granite’s dedicated agency for all transaction in the DeFi and metaverse space.Ĭapital Block is also working in close partnership with Galatasaray, the major Turkish sports team, and Boru2039, the film and television production house.Īccording to reports, QUA Granite has bought one of the 25 islands sold in the metaverse, joining an exclusive list of international superstars who have already purchased their own alternative reality islands.

The sale, which was managed by Capital Block - a leading NFT consultancy, has extensive experience in helping Turkish companies to invest in cryptocurrency and metaverse offerings. QUA Granite, Turkey’s largest ceramic company, has announced the purchase of an island in the Metaverse.

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