December 1 , 2021 - Today, the Alexander Team at Douglas Elliman announced a partnership with Republic Realm to co-develop an architecturally-significant master-planned community in the metaverse designed especially for the early-adopters among their select clientele. The Alexander Team, led by brothers Oren and Tal Alexander, is among the highest grossing residential real estate brokerage teams in both New York City and Miami. The firm has represented celebrity clients such as Ken Griffin, the Weeknd, and Kanye West and is responsible for some of the highest-priced transactions including the largest residential sale in the U.S.
Republic Realm is a metaverse real estate investment and development firm best known for creating Fantasy Islands in the Sandbox metaverse, the first metaverse real estate NFT and one of the highest-grossing NFT projects of all time. Republic Realm recently sold a mega yacht in the metaverse for 149 ETH, the equivalent of $650,000.
The Alexander Team will lead the sales effort for this ultra-luxury master-planned community, to provide their clientele with exclusive access to the metaverse. Republic Realm will develop the project much the same way that traditional real estate developers do when they build a speculative development, first by assembling the digital real estate parcels, then overseeing the architectural and construction process, which in this case is all digital, more like developing a video game than erecting bricks-and-mortar buildings.
“We are building a master-planned community for forward-thinking pioneers, people who have succeeded massively in other industries and therefore can envision the enormous potential benefits of being early movers in this digital gold rush,” said Janine Yorio of Republic Realm. “It takes visionaries like Oren and Tal to understand the connection between real-world real estate and digital real estate, and we feel privileged to execute on their creative vision, which will be handled with the highest caliber of taste and service, because that is how the Alexanders operate.”
“Our clientele collects trophy real estate in the real world, and now we are enabling that same level of curation in the metaverse,” says Oren Alexander of Douglas Elliman. “We are excited to partner with the Republic Realm team to package the metaverse in a way that makes it simple for them to do so.”
About Republic Realm
Republic Realm is one of the most active investors in and developers of the metaverse real
estate ecosystem with the mission to become the leading and most trusted metaverse & NFT
innovation and investment platform by building or buying companies to grow. Republic Realm
invests in, manages, and develops assets including NFTs, virtual real estate, metaverse
platforms, gaming, and infrastructure and currently has holdings in 19 metaverse platforms, has
developed six metaverse real estate projects, and owns over 2,500 NFTs.