Reuters exclusively reports crypto billionaire Novogratz leads funding for virtual real estate firm

Reuters exclusively reported that Galaxy Interactive, the venture capital division of billionaire crypto investor Mike Novogratz’s Galaxy Digital, has taken a lead investor role in virtual real estate developer Republic Realm. Republic Realm buys virtual real estate, a crypto asset or non-fungible token (NFT) that has its ownership status and authenticity verified by blockchain. NFTs have exploded in popularity in 2021, with prices skyrocketing. U.S.-based Republic Realm, set up in March 2021, has made more than 1,500 investments and earlier this month bought a plot of virtual land in blockchain-based online world Decentraland for $900,000.