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NFT art auction house Portion buys virtual estate in Decentraland for $1.2 million

Yep, we’re gonna hit you with that metaverse word again… Portion, a global blockchain-based auction house has just made a big move into it – buying up a large plot of prime virtual land for roughly US$1.2 million.

The New York-headquartered, high-end physical and digital collectibles auctioneer recently acquired a digitised slice of real estate in Decentraland. And it paid for it with 425,000 MANA, the metaverse project’s native token. (MANA is currently down a bit from the time of the purchase, trading at US$2.78 per token).

 

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