Skip to content

MTN Group Enters the Metaverse with Land Ownership

There have been a lot of changes in the digital space. It is without a doubt there is still more to come. With artificial intelligence, it is a lot to figure out. Brands are looking at how they can get into the space that has taken the internet by storm.

Set in Ubuntuland, Africarare is a 3D virtual reality experience. Moreover, it is the first Virtual Reality metaverse in Africa. Ubuntuland can be bought, traded or kept as well as used for various experiences such as art exhibitions, games, and social experiences. $UBUNTU Token is the currency used on Africarare.

Source: Africa Tech

MTN Purchase

MTN became the first African company to enter the metaverse by purchasing land in Africarare. This purchase will see MTN owning 144 plots of virtual land with an overall area of 12x12m.  Through its presence in the metaverse, MTN intends to increase its customer attractiveness through a series of experiences merged with consumer passion points, like gaming and music. Furthermore, MTN Group said its presence on the metaverse demonstrates its commitment to supporting African innovation.

In the metaverse, not only do users get to interact with the computer-generated environment, they also interact with other users and engage in typical daily activities such as going to school, going to work, watching concerts, shopping at stores/malls, playing games, etc.

The question that remains is which brands in Africa are going to be tapping into this market soon?

Related Articles