First-Ever MetaReal Mansion Under Construction In Both Miami And The Sandbox Metaverse

The first ever MetaReal mansion is currently under construction in both Miami in real life and in the Metaverse and is expected to fetch millions when it goes to auction. Meta Residence, ONE Sotheby’s International Realty and Voxel Architects have aligned to build and sell the first real-world mansion using NFT technology. The luxury mansion is being constructed in Miami with a virtual counterpart coming to life inside of The Sandbox metaverse. The purchaser of the NFT asset will also acquire ownership rights of the physical home.

“We are building a rare lifestyle experience that blurs the lines between the metaverse and reality,” said Gabe Sierra, President of the joint venture. “Never before has a project like this been delivered, and we are proud to offer the buyer of this NFT a once-in-a-lifetime opportunity to own the first MetaReal mansion ever created.”

Located on a 1+ acre within one of Miami’s most sought-after neighborhoods, the 11,000 square-foot home will feature 7 bedrooms and 9 bathrooms. The virtual version will be a mirror image of the property. Michael Martinez with ONE Sotheby’s International Realty is the exclusive sales agent for the project and plans to execute the transaction on the Ethereum blockchain. The metaverse mansion is expected to list for auction in 2022 with a yet to be disclosed reserve price.

“Being able to leverage my expertise to pair a homeowner with real and virtual property is something I never imagined being a part of, it’s exhilarating,” said Martinez, the top agent at ONE Sotheby’s International Realty. “We look forward to finding a buyer for this spectacular property and being involved in a momentous deal in this new era of homeownership.”

The joint venture has also acquired the equivalent of over 40 acres in the metaverse for future projects which may include homes, as well as commercial properties, marketing, and gaming endeavors.

“As a company we push boundaries and constantly evolve with the changing dynamics of the industry—always on the cutting-edge of real estate, art and technology. We believe that the metaverse will play a role in the future of real estate in one way or another,” said Daniel de la Vega, president of ONE Sotheby’s International Realty. “This deal represents a bold move to support our clientele where the real and virtual worlds converge, and we look forward to presenting the property to our unrivaled global network.”

The Sandbox is a virtual world where players can build, own, and monetize their gaming experiences on the Ethereum blockchain using $SAND, the main utility token of the platform. The Sandbox offers a wide range of exploration across its metaverse, consisting of 166,464 unique pieces of LAND, each belonging to a user. The Sandbox was founded in 2011 and has partnered with 60+ companies to develop content based on their IPs on the platform, including brands like Square Enix, ATARI, The Smurfs, Care Bears, and more.

Inside The PROFILEmiami Fall Real Estate Showcase & Forum 2018

PROFILEmiami, Miami's leading real estate news platform, hosted its first annual PROFILEmiami Fall Real Estate Showcase & Forum on November 13, 2018. The evening was filled with education and networking, bringing together Miami’s local real estate leaders: top architects, brokers, developers, investors, real estate professionals, luminaries and government officials. The forum featured four informative topic panels including Miami’s Private Use of Public Land, Opportunity Zones, Sustainable Development as well as The Tokenization of Real Estate.

“We choose topics to explore that are having a major effect on Miami real estate today,” said Demetri Demascus, Founder & Publisher of PROFILEmiami. “Our goal is to provide an atmosphere of education where the general public and real estate professionals can learn from some of the leaders in their field as well as have the opportunity to connect with them in person.”

Our panelists for Miami’s Private Use of Public Land featured John Greco, Deputy City Attorney - City of Miami, and Xavier E. Albán, Assistant City Attorney - City of Miami, who explored the process that the city, state and county take when it comes to private developers approaching them about operating on public land.

An Exploration Into Opportunity Zones featured Thomas Volpe, CEO of Sikari Fund, Sheri Colas-Gervais of the Beacon Council, and Miguel Pinto, President & Managing Broker of Apex Capital Realty. The panel introduced the economic incentives of investing in Opportunity Zones in Miami and how to find opportunity zone properties and the tax advantages.

The Sustainable Development panel brought together Jon Cardello, Vice President at Stantec, Martin Pinilla, Managing Partner of Barlington Group, and Jeremy Waks of Oak Ventures and developer of Arbor Coconut Grove, to explore sustainable technologies and design in Miami real estate.

The evening capped off with The Tokenization of Real Estate, which brought together Kim Prior of Shutts & Bowen, Peter Debs of Bitfinance, and Jorge Guerra, President of Miami Association of Realtors; together they explored how tokenizing real estate assets can make access to capital and equity easier, while unlocking secondary liquidity and value for investors. The panels were moderated by Demetri Demascus, Founder & Publisher of PROFILEmiami as well as Katya Demina, Editor of PROFILEmiami.

Thank you to our partners Tesla, Apex Capital Realty, RealDax, BB Capital Group, Hallandale Beacon, Miami Design District, Game Day Skincare and our panelists.

PROFILEmiami, REALDAX & Creative Glue Present Blockchain in Real Estate On June 28 6-8 PM In Little River

Real Estate is one of the oldest industries in the world with the least amount of true innovation. Blockchain technology, on the other hand, has only been around a few years but has been disrupting industries left and right, including Real Estate. We believe cross-industry collaboration fosters innovation, and that shifting traditional contexts, we can usher in new perspectives. Drawing from multiple pools of knowledge and ways of looking at things will bring novelty and creativity to the table.

At this Crypto Hour, "Blockchain in Real Estate," we will be discussing the different areas of the real estate industry that Blockchain technology can innovate. This includes: Brokers/Agents, Escrow/Legal, Mortgage Brokers, Direct Lenders, Title Insurance, and Deed/Title Registration.

Some of the question you may have that we're going to answer:

• Is it possible to close an RE transaction with Cryptocurrency?
• What would be required for Blockchain to be established in real estate?
• How does the mortgage industry view crypto assets when issuing loans?
• Is Title Insurance going to be a thing of the past?
• Do I have to worry about not having a job in the future?
• And more!!!

A big thank you to our sponsor's and partners who are helping make this all possible:

• 360 Spaces, a beautiful new Co-working space located right in Little River, for their amazing venue!
• Creative Glue, an experiential marketing, and event production agency that aims to bridge the gap between business and creativity.
• PROFILE Miami, who is your one-stop destination for Miami Real Estate news and content. They provide up-to-date coverage on the hottest new developments, market trends, and the coolest homes in Miami's ever-changing landscape.

Also a big thank you to our partners who are going to be keeping us refreshed at this event - Hooch, Wynwood Brewery!

RSVP: bit.ly/360blockchain

Panelists:

• Jorge Guerra Jr. - President for the Miami Association of Realtors
• Hector Garcia - RKTR Agency
• Demetri Demascus - Founder of PROFILEmiami & Investor
• Twinee Villanueva - IHouse Token
• Moderated By: Spencer Lyon - REALDAX

Agenda:

• 6:00 - Check-in / Networking
• 7:00 - Panel Talk
• 7:45 - Q&A