citizenM builds the first virtual hotel in the metaverse

The construction of the hotel will be financed by the sale of NFT. In the future, with the proceeds, citizenM will build a real hotel

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CitizenM

The Sandbox is one of the most sensational game projects of 2021. This is an online multiplayer game with a completely open world. You can do almost anything in it, and in-game purchases in The Sandbox are made for cryptocurrency, which indicates a great interest of real companies in this project. So, for example, a major developer citizenM announced the other day that it plans to build a hotel in The Sandbox, thus becoming the first construction company to master the metaverse.

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The Sandbox

To begin with, citizenM is going to purchase a digital land plot, which will be transferred to its ownership using NFT technology, and then erect a hotel building on this site, where avatars of real players will be able to work, sleep, and do business. It is also planned to finance the construction with the help of NFT. Token buyers will be able to get a discount or free drinks in real hotels of the chain.

In The Sandbox, all payments are made via NFT.

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The Sandbox

As soon as the hotel in The Sandbox is built, citizenM plans to start collaborating with aspiring artists to create NFT digital artworks. They will be placed on the walls of the hotel for subsequent sale to guests. Eventually, the network plans to open a real hotel with the proceeds, whose location can be determined by users who have invested in a virtual project.

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The Sandbox

Ilya Polyakov
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