Elevator Studio and Adam Weitsman Partner To Develop Metaverse Land
Elevator Studio, a production and digital marketing company, and entrepreneur Adam Weitsman have formed a joint venture to invest in and develop land in the metaverse. The duo recently completed a $1 million purchase of digital land inside of Big Time Studios multiplayer action role-playing game Big Time. The new joint venture is actively purchasing […]
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Elevator Studio, a production and digital marketing company, and entrepreneur Adam Weitsman have formed a joint venture to invest in and develop land in the metaverse.
The duo recently completed a $1 million purchase of digital land inside of Big Time Studios multiplayer action role-playing game Big Time. The new joint venture is actively purchasing digital real estate to build and develop a variety of metaverse businesses including entertainment venues and artistic projects.
Also Read: Metaverse in the Making
“What we’re seeing now is a digital land version of the California Gold Rush,” said Dan Fleyshman, founder of Elevator Studio. “Land is in high demand, premium location lots are limited and highly coveted as so many people and brands are exploring the metaverse.”
Weitsman added, “Opportunities to generate revenue within the metaverse are infinite and we believe the key is to secure prime real estate on which to build and operate, just like we all wish we could go back in time to buy land on Fifth Avenue in New York.”
Digital real estate purchases have been on the rise in recent months, with sales often exceeding $100 million per week. Prices and opportunities are only expected to increase as more investors and entrepreneurs stake their claims.
Adam Weitsman is an entrepreneur and investor. He is the CEO of Viridium LLC, a large, state-of-the-art crypto-mining farm with several locations throughout New York. He also founded Upstate Shredding – Weitsman Recycling, one of the East Coast’s largest scrap metal processors with more than $1 billion in annual revenue.
